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GOOGLE will start an online payment system this month that will challenge eBay's PayPal and let Google offer more targeted ads

Some are reporting that Google’s GBuy system is set for release on June 28th. Others have it on June 25th.
The potential of Google as an online shop has rivals worried.
The new system will allow merchants to sign up with Google to become a "trusted GBuy merchant".
During the beta phase, Google may not charge anything for its service. Thereafter, estimates put the Google tax at around an initial 1.5% - 2.0%.

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