Google to launch GBuy, PayPal killer, on June 28

Filed under: Business, Web services, Google

Google to launch GBuy, PayPal killer, on June 28

by Jordan Running Jun 12th 2006

We've heard it referred to as Google Wallet, Google Checkout, Google Payments, and now GBuy. Google has long been rumored to be working on a payments system to rival eBay-owned PayPal, and according to Forbes--which calls it GBuy--Google will be launching its online payments system on June 28. Unlike Google Payments, which was integrated into Google Base, GBuy will be intended for merchants who have their own online store, but transactions will be completed through Google's servers. Forbes quotes analyst Jordan Rohan, who says this would allow Google to "capture e-commerce transaction data, driving more precise targeting in future searches." Rohan also believes Google will mark marchants who accept payment through GBuy as "trusted GBuy merchants" when they're listed in Google search results.

Tags: checkout, ebay, gbuy, google, payments, paypal, wallet

Reader Comments (Page 1 of 1)

Steven said 3:17PM on 6-12-2006

Finally

PayPal is scary, I try to avoid it as much as possible...

Razib Ahmed said 3:52PM on 6-12-2006

"nlike Google Payments, which was integrated into Google Base, GBuy will be intended for merchants who have their own online store, but transactions will be completed through Google's servers. "
I do not know if Google will cover Asian countries or not but I think that there is huge untapped market in Asia. Paypal has kept most Asian coutnries until now and if Google can cover these countries then Google will win the battle even before it begins.

Mike Zillion said 4:41PM on 6-12-2006

I wonder what category restrictions (eg: adult products, digital content, subscriptions, weapons, drugs) Google will choose to impose on sellers.

Claudiu Spulber said 9:00AM on 6-13-2006

Well I hope they'll support payments to/from Romania too, unlike PayPal. And given that they'll try to compete with PayPal, we should expect lower fees. This might get interesting. Maybe an integration with Adsense/Adwords, so like you have a single account where your earnings from Adsense come in, and the expenses on Adwords are paid.

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