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Paypal Alert: GBuy is coming this month

Forbes is reporting that GBuy, Google Online Payment processing system is set for release on June 28.

Paypal vs GBuy: During the beta phase, Google will not charge merchants for its payment service. After some period, Google may charge 1.5% to 2%, in-line to slightly below that of PayPal.

On its core search results pages, Google will designate each merchant accepting GBuy as a "trusted GBuy merchant."

Google's GBuy Could Be 'Revolutionary'