Re:Banned for Life
by TheCraiggers on Monday July 28, 2014 @11:04AM
(#8097118)
>Its existence, however, precludes other competitors from entering the space.
Amazon and Paypal are still both way bigger than Google Wallet is. I sincerely doubt that anybody looking to get into the payment processing industry is saying "crap, we can't do this because Google already does". They're worried about competing with Paypal. Hell, even Bitcoin is accepted at more places than Google Wallet is, from my own life experiences.
Re:Banned for Life
by TuringTest on Tuesday July 29, 2014 @04:53AM
(#8101273)
Do Paypal and Bitcoin work as standard payment processors for applications in the Play store? And Amazon, for non-Kindle devices?
The whole point of the walled garden is that, in order to be able to access a customer base, you have to play by the rules of the gatekeeper (and pay the toll). I'm not comfortable with a market model where the only choice is what garden you want to be in.
No. Google wallet is, as of now, an unacceptable payment processor for me. Its existence, however, precludes other competitors from entering the space. As such, even if I do not use Google services, its power still affects me.
For a reduction to the absurd, imagine Google wallet a payment processor monopolist, or a duopolist (with PayPal).