More press coverage of GBuy:
Quote:On its core search results pages, Google will designate each merchant accepting GBuy as a "trusted GBuy merchant." If consumers view this as a mark of safety and security, Rohan believes this should increase click-through rate...
GBuy looks to be a direct competitor to PayPal's "off-eBay" initiative, which is still early in its development...
full article:
http://www.forbes.com/markets/equities/2...ets09.html
Quote:Google is expected to unveil its online payment system on June 28, a long-anticipated service that will compete with eBays PayPal, according to an analysts report issued on Friday.
The new system also allows the search giant to determine what products and services get the most hits, a feature that will help Google adjust online ad rates in response.
Called GBuy, the system will process payments between shoppers and merchants, RBC analyst Jordan Rohan wrote. Moreover, he said, GBuy could eventually expand to handle consumer-to-consumer payments...
full article:
http://www.redherring.com/Article.aspx?a=17166&hed=Paying+Up+on+Google§or=Industries&subsector=InternetAndServices
From scanning the pp boards and my gut tells me
that millions are probably hoping this will
bring paypal to it's knees.
I can't say I'm not among them because I as well as those suspected
millions have been wanting an alternative to curb the
arrogance of ebay for a long time.
I just hope a lot of these folks are not let down
as has happened so many times in the past.
Some of the more vocal pp haters are banking on it and I think they
may be gloating a bit too soon on ebay's boards.
Hopefully this will turn out as so many want it too but I myself
will just do as others with a merchant accounts and see what pans out.
If GBuy looks good and we can offer it as an option.
We will and CLOSE our pp account once and for all.
If not... well. We still have our merchant account.