MICRO-PAYMENTS--GOGGLE WALLET DEFENSE?

PayPal will now offer micro-payments. The new fee schedule will charge a nickel plus 5% on very small payments. The new fee schedule means that the purchase of a song for $1 cost only a dime to pay thru the PayPal service.

The new service does cause one to wonder if the Google Wallet will have a similar fee schedule. It also makes one think that PayPal is trying to set up a good defense before Google Wallet is announced. Do you suppose Google can set up a system that will allow payments to be free of fees?

DO THE GOOGLE GULP! THIS COMPANY IS GOING TO BE VERY BIG! MSFT, TWX AND YAHO ARE BECOMING VERY DIFFERENT COMPANIES AS THEY COMPETE WITH GOOGLE. SBC (AT&T), OTHER PHONE COMPANIES AND OTHER CABLE TV COMPANIES HAVE A LOT OF CHANGES TO MAKE TO MATCH GOOGLE.