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June 27, 2006

Google will launch PayPal rival GBuy tomorrow, June 28th 2006

It's been reported in the news that Google will introduce their very own online-payment service tomorrow or at least this week. Google will most likely call this service GBuy.

GBuy will no doubt challenge PayPal which is currently the largest online-payment service with over 100 million account holders.

It's also been said that businesses that accept GBuy and are advertise using AdWords will get extra information added to their AdWords ads such as "Accepts GBuy", "GBuy Approved" or similar that will definitely draw more attention to those ads.

Google will offer discounts on transaction fees - even 100% - to begin with to promote GBuy.

[Update: They're actually calling it Google Checkout]

Read more: WSJ, Reuters

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Posted by Hannes Johnson at June 27, 2006 11:50 PM | Post to del.icio.us bookmark on del.icio.us



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