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Google May Compete With PayPal

More on this is at the
Router’s article - 
“Google plans pay service to rival PayPal-WSJ”

” …Exact details of the search company’s planned service are not
known, the report said, but quoted people familiar with the matter as
saying it could have similarities with PayPal, which allows consumers to
pay for purchases on Web sites by funding electronic-payment accounts from
their credit cards or checking accounts.

Depending on the exact details, Google’s move could potentially threaten
eBay’s successful PayPal service, which generated $233.1 million, or 23
percent of eBay’s revenue in the first quarter, the newspaper reported.

Rumors about a new Google payment service escalated following a panel
discussion at a Piper Jaffray Internet conference on Thursday, the
newspaper said.

At the conference, Scot Wingo, chief executive of ChannelAdvisor, a
Morrisville, N.C., e-commerce consulting firm, said he believed the payment
service would be launched soon, according to the newspaper.”

There is another article I found on this that has even more details
Google Federal Bank
Inc.” Pandia Search Engine News
-

This is VERY big news especially if the part about Google supporting
micropayments is really going to happen. That will crack open new pockets of
opportunity for those of us selling information and media content products
online – like Podcasts for example.
Tom


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