Google Electronic Wallet Service is a new Rival for PayPal?
The WSJ article says that Google plans to launch an online payment system, which will be very same to PayPal (eBay corporation).
Google is definitely the largest search engine. Using it’s advertising powers it can make it’s payment system very popular in a short period of time, thus multiplying company’s income. You know that such payment systems charge some commission on every transaction.
It is clearly understandable that if Google will launch such a project, it can easily overpower PayPal and other electronic payment systems in a short period of time. This will also decrease Google’s expenses for payments to webmasters through banks. So, if Google will make this step – it will be really significant for the company and Internet marketing in general.
Filed under: Optimization News