Google CEO confirms online payment system

Speaking after days of speculation, Eric Schmidt says the search giant is working on a system that will not be a direct rival of PayPal.

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Google Payment System

About 10 years ago, there was an innovative payment system called CyberCoin, with CyberCash Wallet, but which never succeeded because there were was no 'tiny' merchant market that got created first by Overture and then later by Google.
I would suspect Google, if not developing a person to person payment system like PayPal, will float its own payment method

Go Google!

Having used PayPal for buisness for a number of years I find they are good...when things are good..but when something goes wrong it goes really bad since you have very limited contact with a "real" person. They are heavy handed and poor customer service. I hope google fixes these issues even if it means they have to be a bit more selective or offer a "premium" / Enterprise solution that allows you to contact a CSR. I am sure google will do very well.

[aloushleather]

New Google Payment service

Finaly there is a choice of anew service instead of Paypal