GBuy=Google's Paypal Service

[wentworth]

But PayPal must now contend with Google. The Mountain View, Calif., Web-search giant, which has terrified Silicon Valley with its ability to quickly create new consumer products and services, is developing a rival service called GBuy.

http://online.wsj.com/public/article...045565647.html

[bpeh_cart]

I think its the obvious next move. paypal will have a serious competitor. ebay will be the next one to be affected.

[GeorgeB.]

If they do it better than PayPal and make it so I can easily integrate it into my website so I can sell stuff, I'm all over it.

If not, it's too late and PayPal already has this market sewn up. Even a corporation as large as Google would have to be pretty innovative to topple a giant already established in a specific market place.

[Peanut]

i only really use paypal for things like ebay, hopefully when google start their own version of paypal most users will offer it as an option and ill def use it over paypal. Paypal sucks

[iowadawg]

Is for google to go for the corporate market.
Too many people are in tune with paypal and know what it is.
And don't think that paypal will just roll over and play dead.
They will stay number one by doing what they do best, easily facilitate payments between people.

[Crazy_Rob]

I love this:

While Google Chief Executive Eric Schmidt confirmed in press accounts that the company was building a payment service, Mr. Schmidt also denied it would directly compete with PayPal. Mr. Schmidt said Google didn't intend to offer a "person-to-person, stored-value payments system," which many people consider a description of PayPal's service.

Mr. Jordan says he and his team immediately "dissected the wording" of Google's statements. He says he doesn't believe Mr. Schmidt.

[Imran]

A Great option for webmasters,..

[myamar]

Originally Posted by GeorgeB.

Even a corporation as large as Google would have to be pretty innovative to topple a giant already established in a specific market place.

Yeah, a giant like yahoo and altavista were in search engine market or yahoo and hotmail on email long, long time ago...

[Phynder]

GBuy will topple PayPal just like Google Talk toppled AIM and Yahoo Messenger.

Hey, wait a second....

[Seiya]

Google Talk hasnt topped anything yet... come on there is some areas where google just shouldnt bother...

[EGS]

I hope Google has better security. PayPal doesn't seem to realize that its providing a virtual service with real money, and because they don't realize that, they don't cover buyers who buy virtual items and services with real money. Yet, PayPal themselves are providing a virtual service!!!

Please, I hope Google will be smart.

[tomd]

I think Google's strategy is that they want to become "everything to everybody". In other words, they want it to become so that everything you need to do on the web should involve Google in some way.

[ly2]

DOWN WITH PAYPAL!!!
Go google go!

[dsm56]

I dont think it would be very hard for google to say "flat fee of $0.10" per transaction.

That would mean paypal either cut their fees or they lose 50% of the webmasters currently using them.

Pete

[Cristian Mezei]

If they still think Romania can't be in the program, like Paypal does...

I'll just bomb them, AGAIN

[mate_pl]

@expertu

Same thing in Croatia

[hey]

I can't wait for them to pull this out, although i think it may affect their relationship with ebay possibly since ebay is Google's biggest advertiser.

[ly2]

I hate paypal so much.
Nothing would make me feel better than watching paypal die a slow death.

[Cristian Mezei]

Originally Posted by ly2

I hate paypal so much.
Nothing would make me feel better than watching paypal die a slow death.

I think you hate Miss november too, watching from your sig.

[Seiya]

Originally Posted by ly2

I hate paypal so much.
Nothing would make me feel better than watching paypal die a slow death.

Many of us do , many of us do