Google Plans Payment Processing Service

[Sopit]

Google is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay.

The likelihood of Google rolling out an online payment system to rival eBay's popular PayPal service became a hot topic during an Internet conference.


"It could be a pretty big negative for eBay if it happens," said Piper Jaffray analyst Safa Rashtchy.

PayPal accounted for $233.1 million, or 23 percent, of eBay's revenue during the first quarter.

[lnxsys]

Originally Posted by Sopit

"It could be a pretty big negative for eBay if it happens," said Piper Jaffray analyst Safa Rashtchy.

I agree. Lets wait and see this..

[BeTimeBuilder]

let's wait their show