Is eBay's PayPal ready to take on Google in the world of online micropayments? Yesterday's Wall Street Journal quoted PayPal president Jeff Jordan as saying that Google's upcoming payment service is "a very legitimate competitive threat."
Online payment services by the other online search stars have failed in the past. Yahoo!(Nasdaq: YHOO)shuttered its PayDirect service in 2004 after it failed to gain traction, and Microsoft(Nasdaq: MSFT) also gave up promoting its Passport transaction feature to third parties
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