godsownman
Padawan
Google is preparing to launch an online payment system dubbed GBuy on 28 June, financial analysts with RBC Capital Markets claimed in a research note.
The service would allow online merchants to handle consumer transactions. Over time it could expand to include consumer to consumer transactions as well, the firm noted.
Google said in an emailed statement to vnunet.com that it has "nothing specific to announce at this time". The company typically does not comment on products before they are officially released.
GBuy is set to compete head on with eBay's PayPal service. RBC suggested that it will be free during the initial test phase and is expected to start charging a transaction fee of 1.5 to two per cent at a later stage..............
Lets see what this unleashes.
Read further at vnunet.com
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