Has PayPal Met its Match?
Tip It!Need another reason to buy stock in Google? The word on the street is that Google is preparing to roll out their PayPal competitor, GBuy, and that PayPal views it as “a very legitimate competitive threat.” That being said, Google denies that their service will be a direct competitor to PayPal. More specifically, Google argues that they will not be offering a “person-to-person, stored-value payments system,” which is basically what PayPal offers. It still remains to be seen what (exactly) Google has up their sleeve. But whatever it is, I’m willing to bet that it’ll be good.
[Source: Wall Street Journal]
Published on February 7th, 2006 - 7 Comments
Filed under: Online
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» Calculate Your PayPal Fees» Send Money Via PayPal Using Your Cell Phone
» PayPal Buyer’s Complaint Resolved
» Earn Interest on Your PayPal Balance
» Filing a PayPal Buyer’s Complaint
» One Year Ago This Week (February 4th – February 10th)
» Your 401(k) Match: Don’t Miss Out on Free Money
» Depositing Checks With the PayPal iPhone App
Was this article useful? Please sign up to receive our content via e-mail:
7 Responses to “Has PayPal Met its Match?”
Leave a Reply
Top Cards by Category
Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.
Receive 10,000 Membership Rewards bonus points when you spend $1,000 in 3 months of Card membership.
Receive 10,000 Membership Rewards bonus points when you spend $1,000 in 3 months of Card membership.
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Earn $75 Statement Credit after you make $300 in purchases in your first 3 months. There is a 0% Intro APR for up to 15 months for purchases and balance transfers. This card has Blueprint free and customizable account features that help you avoid unnecessary interest and pay your balances down faster.
Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.
5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Reports to 3 major credit bureaus monthly and acceptance at millions of locations worldwide, including website purchases and reservations.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Ethanol Blended Gas = Lower Mileage?
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
- Would the "Fair Tax" Gut the Economy?
How to save money on insurance
- Missing Tax Paperwork?
- Is Your Investment Allocation Right?
- Chase Freedom Experimenting With Quarterly Rewards Auto-Enrollment
- Income-Based Repayment Plans for Student Loans
- Will the IRS Disallow Backdoor Roth Contributions?
- Four Hidden Dangers of Leasing a Car
- How to Save Money on Plane Tickets
- Does the IRS Accept Scanned Documents?
- E-Filing Saves the IRS $3.10/Return
- Home Economics
February 7th, 2006 at 10:25 am
I hope they do come out with something like PayPal — it would be nice to have some competition in this area.
February 7th, 2006 at 1:58 pm
With all of the services that Google is rolling out I can’t help but wonder to what extent this one company will eventually control our entire online computing experience regardless of platform.
February 7th, 2006 at 2:00 pm
oh please let this be true.
i hate paypal.
February 8th, 2006 at 7:33 am
It is definately true that GBuy is going to be available. Exactly what form it takes is not clear yet, but they claim it will not be a consumer to consumer fee handler like paypal is. Eventually, I am sure that they will be.
February 8th, 2006 at 10:13 am
I wouldn’t be surprised if GBuy is aimed at micro-payments (e.g., a 25 cent charge to gain access to a story) on web sites. This area is currently wide open because it’s a money loser (the transaction fees cost more than the income.)