MSNBC points to a WSJ article, which says Google is planning to start an online payment system to rival PayPal. Given PayPal's entrenchement within eBay, it made perfect sense when the online auction giant bought the payment system.
From my eBay buyer experience, there's a significant opposition to PayPal for a lot of eBay sellers. I'm assuming it's due to the fees, since it seems to be the most prevalent amongst sellers of relatively inexpensive items. If Google steps in with a rival payment system, I'm sure penetration would be quick, and it will be interesting to see how competition from a heavyweight impacts the pricing and remaining PayPal holdouts.
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