Google's eBay Challenge

The planned release of GBuy will up the stakes in online payment systems. But eBay's PayPal isn't shrinking from the battle

The battle to control your online wallet is about to get a lot bloodier. More than a year after search giant Google (GOOG) was rumored to be preparing an online payment service, GBuy finally looks set to launch in test mode as early as June 28. But while Google may have quickly become the dominant force in search advertising, it's unlikely there will be one winner in online payments anytime soon—if ever.

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