Google gets ready to compete with eBay/PayPal

[sm]

here are some interesting screenshots of google's new payment system, which has stuff similar to ebay, like rating sellers etc.....
http://www.techcrunch.com/2006/03/11/exclusive-google-payments-seller-reputation-screenshots/

guess it'll tie in well with Google Talk and Google Base. (if you notice Google Talk has a more serious business-like interface as compared to the yahoo IM)

serious competition is on the cards :imho:

 

[sjaguar13]

I hope GBuy is just leading up to an auction site. I really want someone to compete against eBay and Google seems like the only company to be able to do it.

 

[liam_d]

As i said before, i can't wait i will hopefully say cya later ebay/paypal!

 

[Shorty]

I'm not sure Google will be able to compete with ebay as far as auction sites go, as much as I support them. I think ebay has a very well established brand name in that market, and they've recently gone crazy with advertising and stuff.

Google's search engine was a marketing mystery as it became popular simply through word of mouth. I dont think they can rely on this luck alone to promote something like an auction site, maybe they'll have to go about things differently and spend on advertising. It's an interesting route for them to take, but I think everyone can see how they're diversifying by now. Good luck to them, somehow I think they'll need it.

Thank you for the link.

 

[sonyking]

I think google will become an site for every thing such as
auctions and searching.

 

[studio606]

I look forward to Google adding some competition to Paypal in the online money transfer department. It can hopefully bring service up, and fees down. As for taking on eBay, it's gonna be pretty hard.

 

[ridesign1]

I can't wait for google's paypal. Google vs Paypal
Let the battles commence

 

[kmg9000]

I cant wait for some big competition for paypal!

 

[atozman]

Did'nt they say it was'nt going to be different than paypal in some perspective and because of that it wouldnt really be competing but rather be just a different service all together?

 

[sm]

whats interesting is not that they're coming out with a payment processing system.. that was always on the cards, especially for Google's Adwords customers..... What's really interesting is that they have this "seller feedback system" that you see in the screenshots... That's pure ebay style. I think google will take away a bit of ebay's market shares especially with those folks who are big fans of google ... and then who knows what may happen 5 years down the line ... it may even surpass ebay ....

 

[dewd]

this is good

maby paypal will lower thier fees

 

[RareIQ]

it's going to take sometime before they can even come close to catching up......

 

[OttoYiu]

Lets hope Paypal will do something about it to hold the current customers like lowering the fees.