Gbuy from Google
As per an article published by Forbes, Google will be launching a Paypal type service on 28th June 2006. The service will be named as Gbuy and in beginging will be available in US only.
It also stated that dring first few months Google will not charge any fees for transactions done on the merchant’s website but later on the fees could be 1-5 to 2 percent which is quite less as compared to fees of paypal (1.9 to 2.9 percent).
Lets wait for 28th june and lets be prepared for this Gbuy Vs Paypal battle.