Google To Debut E-Payment Service To Rival Paypal,

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TheForce Pillar of the Community United States 4870 Posts	Posted 06/19/2005 10:48 am ASSOCIATED PRESS MOUNTAIN VIEW, Calif. -- Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer ebay Inc. The Wall Street Journal reported Google's plans on its Web site late Friday, citing sources familiar with the Mountain View-based company's plans. The Journal did not provide any details about Google's strategy. A Google spokesman declined to comment. The likelihood of Google rolling out an online-payment system to rival ebay's popular PayPal service became a hot topic during an Internet conference hosted Thursday by Piper Jaffray. "It could be a pretty big negative for ebay if it happens," said Piper Jaffray analyst Safa Rashtchy, who follows Google as well as the Web's leading auction site. PayPal accounted for $233.1 million, or 23 percent, of ebay's revenue during the first quarter. San Jose-based ebay bought PayPal for $1.3 billion in 2002. The payment service makes money by collecting a fee from the transactions that it helps complete. The electronic accounts are funded by credit cards or banking account transfers. Expanding into online payments might make Google less dependent on advertising, which accounted for nearly all of its first-quarter revenue of $1.26 billion. The merchants who run auctions on ebay are major buyers of Google's ads, which appear alongside search results. Detroit Free Press Report this Post to the Staff

national dealer Pillar of the Community United States 2724 Posts	Posted 06/20/2005 09:41 am This "could" make a difference if applied properly. However, ebay has a habit of buying the competition. This could also be a good marketing move by Google. Create a good payment system, and sell it to ebay once it becomes somewhat successful. Of course, if this new payment system doesn't work with ebay sales, this will go by the wayside quickly. Report this Post to the Staff
Mike Rest in Peace United States 2884 Posts	Posted 06/20/2005 7:55 pm Is Overstock.com owned by ebay? I know you can use "paypal" on their auctions and sales sites. Mike Report this Post to the Staff
AuldFartte Pillar of the Community United States 830 Posts	Posted 06/20/2005 9:12 pm I hope this becomes some serious competition for PayPal. Seems like it could eventually cause the rates to become more reasonable unless Google's version is very close to PayPal's rates. Report this Post to the Staff
bobby131313 Forum Dad United States 24170 Posts	Posted 06/21/2005 12:10 am quote: This could also be a good marketing move by Google. Create a good payment system, and sell it to ebay once it becomes somewhat successful. Actually I think its the opposite. I think this is the second step by Google towards an auction site. The first was Froogle. I think you will see that shortly after the payment system rolls out it will be integrated with Froogle. Then you will see "Froogle Shops". Which will be on-line storefronts provided by Froogle much like an ebay store. The next step will be an auction site. If anybody can take a chunk out of ebay its Google. They are an extremely slick company. Shop CCF Members on eBay. Report this Post to the Staff
tradernick Valued Member United States 138 Posts	Posted 06/21/2005 11:43 pm I will sign up as soon as I can. Paypal is Nick Report this Post to the Staff
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