Get ready for GBuy?
A while back there were rumors of Google Payments, a Paypal competitor on the way. Well, if this is right, it will be named GBuy and will be launched June 28th. Also, it sounds as though there may be no fee for merchants during the test. After that, there will be a percentage fee on each transaction - they’re saying 1.5-2% which is less than paypals rate currently.
Sounds like things could heat up quickly between Ebay/Paypal and Google this summer. Google Base, with an integrated GBuy….
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