According to this article Google will launch it’s new service, a payment system that most people currently call GBuy on June 28. GBuy looks to be a direct competitor to eBay, however until it is released no one can say for sure what kind of features it will have and how much similar to eBay it will be. To be honest I wouldn’t mind eBay getting a bit of competition, some serious competition I mean.

The article closes:

“Short term, GBuy is more negative for eBay than it is positive for Google,” Rohan said. “Longer-term, it could be a game-changer.”