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Google May Launch PayPal Rival. 2005-06-20, HostMan.biz According to the Wall Street Journal, search giant Google (google.com) is preparing to launch an Internet payment service to rival eBay's (ebay.com) popular PayPal (paypal.com) solution. Analysts say Google's potential move into online payment services is designed to diversify its revenue sources, which are highly dependent on online advertising. With a payment service, Google would be able to collect service fees while possibly offering certain advertising services for free. PayPal accounted for $233.1 million of eBay's revenue in the first quarter, approximately 23 percent of the company's revenue. Google has declined to comment.

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