Google Gbuy

Hi Friends,

Google was going to launch a online payment system "Gbuy".
Google planning to launch Gbuy on june 28th.

On its core search results pages, Google will designate each merchant accepting GBuy as a "trusted GBuy merchant." If consumers view this as a mark of safety and security, this should increase click-through rate.

GBuy looks to be a direct competitor to PayPal's "off-eBay (nasdaq: EBAY - news - people )" initiative, which is still early in its development. During the beta phase, Google will not charge merchants for its payment service. After some period, the analyst believes Google will charge 1.5% to 2%, in-line to slightly below that of PayPal.

Thanks,
Amar