Linked by Thom Holwerda on Fri 27th May 2011 21:50 UTC, submitted by sawboss
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Member since:
2009-05-19
With all the shenanigans going on with Western Union, now Paypal, I can see the same nonsense happening with Google. These money transfer services need to fall under the same rules as the credit card companies.
Western Union and Paypal are used in too many scams, with zero consumer protection. What makes you think Google Wallet will be any better?
In Luxembourg PayPal is in the banking institution registry. Therefore I trust PayPal more than Google Checkout(which is 100% US based)
"Commencing 2 July 2007, as PayPal (Europe) S.à r.l. & Cie, S.C.A., PayPal moved its European operations from the UK to Luxembourg. As a Luxembourg entity, it is since regulated as a bank by the Commission de Surveillance du Secteur Financier (CSSF) and provides PayPal service throughout the European Union."