Google Plans Online Payment Service

Discussion in 'News and Article Comments' started by syngod, Jun 20, 2005.

  1. syngod

    syngod Moderator

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    Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and could put it in competition with eBay Inc.'s PayPal unit, according to people familiar with the matter.

    Exact details of the search company's planned service aren't known. But the people familiar with the matter say it could have similarities with PayPal, which allows consumers to pay for purchases by funding electronic-payment accounts from their credit cards or checking accounts. Some consumers like PayPal for the security it offers, since it allows them to share their banking or credit-card numbers only with PayPal without having to divulge the information to merchants.

    Read the article at The Wall Street Journal.
     

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