Google will start an online payment system

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Google will start an online payment system
10. Juni 2006 | 12.946 klicks

Google will start an online payment system this month that will challenge eBay’s PayPal and let Google offer more targeted ads, an analyst wrote.GBuy, which will begin on June 28, will handle purchases between shoppers and merchants, RBC Capital Markets analyst Jordan Rohan wrote in a note to investors.

Participating sellers will be listed as „trusted GBuy merchant“ in Google search results, he said.

The product will generate transaction fees for Google and purchase data may help the company identify which search keywords are most likely to generate sales and increase the cost of those ads, Rohan said.

Google spokeswoman Sonya Boralv didn’t return a call seeking comment.

Source of this news: nydailynews.com

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