Well it's official. Paypal is doomed.
 

Well maybe not doomed but...

Google payment system

Google Inc., the most-used Internet search engine, will start an online payment system this month that will challenge EBay Inc.'s PayPal and let Google offer more targeted ads, an analyst wrote. GBuy, which will begin on June 28, will handle purchases between shoppers and merchants, RBC Capital Markets analyst Jordan Rohan wrote Friday in a note to investors. Participating sellers will be listed as "trusted GBuy merchant" in Google search results, he said.

Good thing I switched gears, and focused on a bigger project :upsidedow

You may be right, hmmmm............

Word.... :upsidedow

weren't you going to create a new payment system? I was really anxious for that shit man!! you had us all psyched up

That's the fact JACK!

fucking nice, GO GOOGLE!

Good Paypal sucks.
I wonder if Google will take adult processing.

wonder if they'll accept adult related stuff.

I still am, just slightly different than originally planned. Beta should be ready in mid or late July.

They've already stated they wouldn't.

Ohhh no adult... :(
that's not nice :(

NICCCCCCCCCCCCCCCCCCE Ihahaha180;ve wanted to see PP fucked for so long.

won't kill paypay - they have an ebay monopoly -it's why they bought them

but there is room for one.

i was expecting epassport to step into this area.................

you've been saying that for the past year... :(

LOL...no shit

It will probably be blacklisted by Ebay. :2 cents:

I hope they change their minds and process in some form for adult.

Well, it's been ready for launch for a long time, some people here have seen it.

The holdups are always caused by legal issues that need to be ironed out, for instance money transmitter licenses. These need to be filed in each state we plan on doing business, they all have different forms, requirements, fees, etc. Delays delays delays.

It isn't easy, but it's all good. I'd rather launch 100%, then get hit with something later on that could cause a disruption, or worse.

Read above.

Paypal will never be doomed... Ebay.

What if google launches gbay :1orglaugh :Oh crap

Good lookin' out :thumbsup

Yeah, didn't they name it GoogleWallet but had to change it because of Yahoo's YahooWallet ?

Can't wait... 40 epass for 30 GBuy

you mean gaybay? that'd be cool

shop on gabay.com - all items wrapped in pink ;)

LOL .. gaybay.com :)

anyhow dont think paypal will die now

and too bad google aint using the adult scene

Fuck yeah, that is awesome.

interesting news

I wish they except payment for porn :)

as if everything google touches turns into gold.... Not a big paypal fan myself but it IS themost used onlinepayment system in the world. And google will not change that anytime soon. Yahoo and many others tried it before and no single one ever came close to Paypal.

And nobody cares about privacy issues anymore? They track everything you search, scan every email you recieve, know who you talked to and when and about what, will be watching every single thing you buy with their payment system,...,...,.... all in order to be able to give you some targetted ads? Google scares me more everytime they announce an new product.

Just imagine a person following you arround in the mall, taking notes of everything you watch in the windows, what shops you enter and how long, everything you touch, every conversation you do, everything you buy, how you pay for it etc etc etc.

nice info...........

They will not except porn related payments. Just the same as they don't accept to put adsense on adult related pages.... :D

This is great news. When you have a dominating market monopoly like position like PayPal has had, all of a sudden get a real competitor, you'll see lots of quick improvements in pricing and customer service.

good - paypal is a fucking terrible company IMHO..... they are a law to themselves.... go google!

Terry

Isn't google a front company for the CIA?

I wish google would do adult processing, oh well though, should still be a pretty good processor. Hope they don't freeze funds for half a fucking year like paypal can :Oh crap

they are.... it will be run out of phoenix... development is underway...

BidPay was blacklisted by eBay and look what happened to them...KAPUT! (and they were owned by Western Union!)



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I wouldn't say that PayPal is doomed - the main reason it is so successful is because it is embedded in eBay: you get an eBay account, and if you want to pay in real-time, they tell you (incessantly) that the most widely-accepted option is PayPal. Not to mention PayPal is integrated easily into every stage of the eBay transaction process, so although payment competitors with cheaper rates are available, people still use PayPal because it is much easier to do so when using eBay, and for some, because eBay use clever pieces of marketing to insinuate that all other payment options lead to fraud, PayPal will be the only method they use.

Good point. I also like the idea of Google taking on Ebay, but only out of spite. I have probably 3 accounts frozen, after they ASSURED me that it wouldn't happen.

But regardless, I don't give a rat's ass unless it makes life easier for me. So far it doesn't seem any different than anything else..... unless i'm missing something.

I hope so they die. :321GFY Plus they had better be adult user friendly unlike Paypal. :winkwink:

I wonder if they will take adult?

Competition is healthy and Googles entry into the market can only smarten up Paypal. Fat chance of Google ever catering for porn as they are publicly listed and being known as porn peddlers wouldn't do their image any good.

Google are desperate to keep showing a high rate of return to keep their shares high. Now that they are getting attacked on all fronts by Microsoft and Yahoo, they will have to diversify to keep the growth and this will bring them unstuck. All the synergies they have developed over the years are out the door and with a bunch of computer geeks at the helm, life is sure going to be damn interesting in the next few years. Just sit back and watch.

I'll be even more unpopular with this statement, but microsoft will kick ass and Google will diminish as a force in the next few years.

Lyn

go google. they fucked hotmail they can fuck paypal and they will fuck ebay, things just keep getting better and better in their fucking spree

I've been ready for LUNCH for a long time.

wtf?

This is great for me, now I can get rid of them as a payment option on my mainstream....thank gawd!!!

:1orglaugh :1orglaugh :1orglaugh

well if they don't do adult...it's no good to me.

Maybe Epassporte is doomed, not Paypal.

:2 cents: