Google's GBuy on Target to Aim for eBay and PayPal
June 12, 2006 5:25 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
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.
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
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