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Thursday, June 01 2006 @ 03:30 PM Central Daylight Time
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 About this time in 2005, the Internet was flooded with rumors that Google was planning to provide an on-line payment system that would match PayPal, the Web-based transaction service owned by eBay.
The features were on a soft launch on February. This offer allowed Google users to enter in a credit card number and purchase videos from Google Video or T-shirts from the Google store. Once a card has been added to an account, users can also buy items from the growing Google Base database of classifieds.
However, while the service is still in "beta test" mode, even some analysts who have looked at it poorly understand the service. However, Google Base has the potential to become a significant threat to both PayPal and eBay if Google expands the coverage and features that it offers.
There were also reports on Google-tracking blogs about a private test of an expanded Google payment service involving a number of "high-quality" merchants. The potential for Google's payment services could be even broader than just Google Base, however.
By M. Sese
http://www.jump2top.com |
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