Stating the obvious, Google is constantly innovating with new and existing products and purchasing complementing products (Google acquires Jotspot, an enterprise wiki company) stomping its competitors left and right (I particularly like the recent comment by an analyst that Yahoo! should consider letting Google sell their ads, ditching its new search platform Panama as sunk cost).
Many of our customers here at ChannelAdvisor are very interested in what our friends on the Google Checkout team are working on and last week got some good news. Google Checkout now allows merchants to define coupons within their seller interface to deduct at checkout time either a fixed amount or a percentage of the purchase price and restrict remittance by cart size, frequency and new-buyers-only. For all of you that hate when someone reads of slides, here’s a screenshot:

Merchants can set up and market coupon codes in e-mail, on their site, invoices and catalogs and allow buyers to remit these during their checkout at Google, although I am not sure if and how they stack. Great timing for the upcoming holiday season.
Granted eBay’s shining star PayPal has had coupon functionality for quite some time and their redesigned Express Checkout looks better than ever (hmm, that button design though looks very familiar). But unless PayPal works on their economics (Yahoo! search incentives?) Google Checkout is going to continue to slowly but surely grab market share. Fortunately PayPal is not sleeping, making a splash last week with HP’s announcement that their Home and Home Office Store now accepts PayPal. Long live competition.
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