Word of GBuy's impending launch spread even as eBay was hosting its annual gathering of its devoted members in Las Vegas

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(Continued) The RFS Newsletter, Jun. 17 2006. Page 9
Word of GBuy's impending launch spread even as eBay was hosting its annual gathering of its devoted members in Las Vegas. eBay Live was expected to feature a number of new feature announcements from eBay, including the integration of its Skype voice chat feature into some auction listings. Google declined to comment on the reports about GBuy. In a post to the official Google blog in February, product manager Benjamin Ling noted that "online billing and payments have been a core part of our offerings for some time" within Google's search advertising and services businesses.

"To run our ad programs, Google receives payments every day from advertisers, and then pays out a portion of those funds to advertising partners," Ling said, with Google billing more than US$11 billion to advertisers in 48 different currencies all using the Web. Ling noted that within Google Accounts, consumers have also made those types of payments, such as when they want to download premium video or to license images from Google's satellite mapping service. "When one of our consumer services requires payment to us, we've also provided users a purchase option," he added.

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