Watch it PayPal - Here Comes GBuy!
Touted as competition to PayPal, Google is rumored to be making move to enter online payment system, GBuy, since last fall. GBuy would have easy functionality. Just after clicking “Buy” button, credit card information would be entered and payment would be made to sellers.
With many payable services as AdWords, AdSense, Google Video, Google Earth etc, and with client base from more than 65 countries and with business exceeding $11 billion in over 48 currencies, it does make financial sense for Google to enter this segment. EBay registered significant increased sales volume after it acquired PayPal in 2002; it would be difficult to presume why GBuy would not do similar wonders for Google base. GBuy would add payment functionality while buying Google services as Google Video, Google Earth, Google Store etc. Google has recruited some online retailers to test the system. Though, domain has been reliably bought by Google, Google is not coming on record with any announcements on this.
Related News
New Google service to compete with PayPal
Comcast makes you watch commercials
Myspace Hacked
Movies for mobile phones
Back to news
3:42 pm March 18th, 2006 
Touted as competition to PayPal, Google is rumored to be making move to enter online payment system, GBuy, since last fall. GBuy would have easy functionality. Just after clicking “Buy” button, credit card information would be entered and payment would be made to sellers.
With many payable services as AdWords, AdSense, Google Video, Google Earth etc, and with client base from more than 65 countries and with business exceeding $11 billion in over 48 currencies, it does make financial sense for Google to enter this segment. EBay registered significant increased sales volume after it acquired PayPal in 2002; it would be difficult to presume why GBuy would not do similar wonders for Google base. GBuy would add payment functionality while buying Google services as Google Video, Google Earth, Google Store etc. Google has recruited some online retailers to test the system. Though, domain has been reliably bought by Google, Google is not coming on record with any announcements on this.
New Google service to compete with PayPal
Comcast makes you watch commercials
Myspace Hacked
Movies for mobile phones
