Has PayPal Met its Match?
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
email this article
- add to tip'd - stumble it - digg it - bookmark it
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)
» One Year Ago This Week (October 8th – October 14th)
» One Year Ago This Week (December 31st – January 6th)
Was this article useful? Please sign up to receive our content via e-mail:
Great deals...
Readers’ choice...
Recent articles...
- Did Congress Make the Homebuyer Tax Credit Retroactive?
- Congress Extends $8000 Homebuyer Tax Credit, Adds New $6500 Credit
- Lending Club Update - October 2009 Performance
- How Much to Budget for Car Maintenance?
- Series I Savings Bonds Now Paying 3.36%
- Use Weight Loss Strategies to Get Out of Debt
- Weekly Roundup - Disney Shanghai Edition
- How to Save Money on Vacations
- Most and Least Reliable Cars - 2009 Edition
- Get 100 Free Trades from OptionsHouse Brokerage
Recent comments...
- APRIL DAYS: I FOR ONE HOPE THAT THE FIRST TIME HOMEOWNERS TAX CREDIT IS EXTENDED BECAUSE...
- JB: I drive a 1999 car and save $60 a month for car repairs, oil...
- Greta: My significant other and I bought a house in February 2009. My boyfriend...
- Jay: Don't forget nCleaner 2nd for turning off widows firewall and windows defender...also use the...
- Bryan: @Doug - you said it... if you simply delayed the closing, it would have...
- Sympathetic Dish TSR: @ Bonnie: Is your HD tv a Flatscreen LCD style? If so then a...
- John DeFlumeri Jr: Thanks for explaining the tax credit. Too bad for those who purchase in...
- Hank: I always budget $100 a month for car repairs. I constantly find myself going...
Most talked about...
- Dave Ramsey is Bad at Math
- $8,000 Homebuyer Tax Credit
- Dish Network Customer Service SUCKS
- How to Claim the First-Time Homebuyer Tax Credit
- $15,000 Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- Would the "Fair Tax" Gut the Economy?
- Tax Stimulus Rebate Payments to Start Early
- Pay Off Mortgage Early? Or Invest?
- The Best Online Savings Accounts (Updated!)
- Life's Too Short to Drink Cheap Beer
- $7500 First Time Homebuyer Tax Credit
I hope they do come out with something like PayPal — it would be nice to have some competition in this area.
Comment by FMF — Feb 7th 2006 @ 10:25 amWith 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.
Comment by Jay Fleischman — Feb 7th 2006 @ 1:58 pmoh please let this be true.
i hate paypal.
Comment by daniel — Feb 7th 2006 @ 2:00 pmIt 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.
Comment by Blaine Moore — Feb 8th 2006 @ 7:33 amI 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.)
Comment by Jeremy — Feb 8th 2006 @ 10:13 am