DailyTech - Google's GBuy on Target to Aim for eBay and PayPal

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Internet Google's GBuy on Target to Aim for eBay and PayPal
Tuan Nguyen (Blog) - June 12, 2006 5:25 PM

26 comment(s) - last by leousb.. on Jun 13 at 1:41 PM

Stiff competition coming for the eBay/Yahoo partnership

DailyTech previously reported that Google was developing an online payment system called "GBuy." The system is one of many systems under development from Google, to make it easier for online users to pay for items they buy through a trusted source, in this case, Google. However, news is out this week that GBuy is turning out to be much more than a PayPal competitor -- Google has plans to turn it into an eBay competitor as well.

According to several reports circulating around, Google will be launching its GBuy service later this month, presumably on the 28th. Google has not been speaking much about GBuy since the first few details of it were released to the public. Other Google services such as Calendar, Finance and Spreadsheet have been taking the lime light.

Analysts had expected that GBuy was going to launch soon primarily because earlier this year, eBay and Yahoo announced an agreement to co-operate together, to improve each other's traffic. Google is expected to leverage its AdSense and AdWords programs into GBuy in a similar fashion that it has done with GMail.

Some reports and analysts suggest that judging by Google's history; it may not charge any fees to post a sale on its service. This would quickly gain Google a client base that is accustomed to Google's "free and everywhere" model. Whether or not that this mode will last for GBuy however, remains to be seen.