Google Base Offers Its Users Online Payment Services

After dominating the online transaction and peer-to-peer market for many years, PayPal is about to have an uninvited guest. At the beginning of February, we informed you that Eric Schmidt, Google's Chief Executive, had confirmed the rumors according to which the Google Labs were preparing a service of online payments. It seems that this is happening sooner than anticipated, two Google representatives posting yesterday on http://googlebase.blogspot.com/ information according to which users can purchase from now on objects from Google Base using their Google accounts.

Here's what they write:

"While Google Base provides data structure and distribution for a wide range of content and information, a subset of items are for sale. To help users more easily purchase and sell Google Base items, we're planning to enable people to buy items on Google Base using their Google Accounts.

Many of you are probably already familiar with the Google Account. You use it to sign in and pay for a number of Google services, like Google Video and Google Earth. We're now introducing similar functionality on Google Base.

For buyers, this feature will provide a convenient and secure way to purchase Google Base items by credit card. For sellers, this feature integrates transaction processing with Google Base item management."

Although the analysts' opinions are divided, Ebay having a firm position on the market, many agree that Google's power and determination could turn the Mountain View company into a veritable pain in the largest auction site's payment system.