Google to launch online payments service: Gbuy

February 6, 2006 | Matt Marshall | Comments | |
Gbuy.jpg
GBuy

Google chief executive Eric Schmidt says Google’s pending online payments service GBuy won’t compete directly with eBay’s PayPal, but eBay doesn’t believe him, according to this WSJ story.

…The Mountain View, Calif., Web-search giant, which has terrified Silicon Valley with its ability to quickly create new consumer products and services, is developing a rival service called GBuy. For the last nine months, Google has recruited online retailers to test GBuy, according to one person briefed on the service. GBuy will feature an icon posted alongside the paid-search ads of merchants, which Google hopes will tempt consumers to click on the ads, says this person. GBuy will also let consumers store their credit-card information on Google.

(Hat-tip to Battelle)

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.

  • Google in venturing into everything... and it's doing well in China. See my recent post of competiton of Google and Baidu.
  • Gbuy to be linked with credit cards?

    Well, Gbuy can only make a headway in Africa if it supports African countries unlike paypal which has a limited service for South Africa.
  • WHERE CAN I SIGN UP FOR GBUY ALREADY!!!!!

    I'm desperate for a low cost alternetive to pay**l!!

    Is there nothing out there??!!??

    Any help would be appreciated greatly. Contact me at:
    http://kenswebdesign.com
  • Lawrence
    G-Buy sounds obscene in my local language. It literally stands for "c**t".
  • Venkat
    I like Google's way of doing things in a new way!

    Look at the google calendar, its so easy to click directly on the day and create an event!

    gbuy will have something really innovative!!
  • George Wafukho
    Google is doing great work. We need G-Buy in Africa. For example, I live in Kenya and internet with us other than sharing information is useless as we cannot transact online. It is like a car without an engine.
    We really need online payment in Africa as soon as possible. Africa is one such market that is yet to be discovered by many service providers.
  • Were is G-Buy already!??? Hury up and get it launched alreayyyy!!!!!!!!!!!

    Payp**l SUCKS!!! I needed G-buy last year!!

    Please visit my websites at:

    http://home.earthlink.net/~milliondollarwebpage
    Web Advertising

    http://home.earthlink.net/~rent-a-dress
    Renting Prom, bridesmaid, special occasion, and more!
  • I wait for GBuy
    wise move!
  • KGMurphy
    Looking forward to GBuy!! Paypal limits my Ebay business by not allowing payment for "mature audience" merchandise that I sell. Additionally, the model that I use had just launched her new website, using Paypal as the payment vehicle, when Paypal tagged her site as "Adult Oriented", and shut down payment options.
    Please check out my Ebay site:
    kgmurphy112
    Also, in the near future when GBuy goes live, visit my model's new website:
    www.tatiahna.com
  • Tatiahna
    GBuy sounds terrific! My website had just been launched when Paypal "paralyzed" it, citing they were too pristine to allow payment for adult-oriented merchandise and website entry.
    GBuy will offer a nice alternative for merchants and consumers, and hopefully will allow more freedom of choice with selling and purchasing the services and merchandise we desire.
    When GBuy goes live, so will my website. Drop by and see me, please!
    http://www.tatiahna.com