The beginning of the end for PayPal?...
For everyone waiting for an online payment service to compete with PayPal, the wait is almost over. Forbes is saying that Google’s GBuy online payment system will go live June 28th.
GBuy looks to be a direct competitor to PayPal's "off-eBay" initiative, which is still early in its development, Rohan added. During the beta phase, Google will not charge merchants for its payment service. After some period, the analyst believes Google will charge 1.5% to 2%, in-line to slightly below that of PayPal.
Read all about it here, courtesy of Yahoo! News:
http://news.yahoo.com/s/zd/20060612/tc_zd/180611;_ylt=Ar5z0Hcd80Z6TrUN8o.6VdUjtBAF;_ylu=X3oDMTA0cDJlYmhvBHNlYwM-
-Eric
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