Google to Test PayPal Rival

Google is set to introduce a test version of its GBuy online-payment service as early as this week, presaging a shake-up in the online-payments market now dominated by eBay’s PayPal, the Wall Street Journal reports. From the article: ‘Here is how the service will work: Consumers who search for items like “shoes” or “strollers” on Google’s search site will see text ads with a symbol or icon designating advertisers that accept GBuy payments.

Bring it on! If GBuy proves worthy at all, then the consumer will win. It’s a great time to launch a service, because so many people are fed up with PayPals ridiculous fees.