Goodbye PayPal, hello GBuy?
Forbes is currently carrying a story about the impending launch of GBuy, Google’s potential PayPal killer.
They have also come up with a sure-fire way to ensure that they will get a massive sign up rate.
During the beta phase, Google will not charge merchants for its payment service.
Interesting times ahead if all of this is true! Will the service cut into PayPal’s market dominance? I think it will if they can offer a slicker service, and more importantly, a smaller commission.
Comments
Comment from adam
Time: June 14, 2006, 1:36 pm
you are wrong Jacob. Once ebay has its own payment system and they were not sucessful with that stupid system and they bought paypal after that. now anything can come and replace paypal like paypal replaced with ebay paymenty system. I am telling you if the seller will switch to gpay (I will switch even if I am offered to pay 0.01 less) and I hate paypal as many other ebay sellers. I wish someday some smart company will replace ebay too.
Comment from stylo~
Time: June 15, 2006, 12:21 pm
except paypal is built in to ebay’s system, so easy to use within ebay.
and, btw, I hate paypal. they are evil. wait until they seize your funds for no good reason, you have to deal with their horrible “service”, and you will agree.
Comment from GBuy fan
Time: June 21, 2006, 1:30 pm
I found several gbuy discussions here.
Comment from Michael
Time: August 30, 2006, 12:24 am
The winners will be the end users once the competition cycle will commence. That’s fine by me.
Comment from Jacob Munson
Time: June 14, 2006, 4:54 am
One thing that will keep PayPal afloat is the fact that eBay owns them. As long as the eBay crowd sticks with PayPal, they’ll be fine. But if the rest of the web slowly moves to GBuy, and they do have a cheaper commission, then I supposes even ardent PayPal fans will move. But then PayPal will drop their commission, and the competition cycle will commence.