Google takes aim at PayPal

Internet giant extends free use of online payment service through 2007.


NEW YORK (CNNMoney.com) -- Google is offering merchants free use of its online payment service, the Internet search giant's latest move to gain share from eBay's PayPal service.

Google (Charts) is extending free use of its payment service to online merchants through the end of next year, the company said in a blog devoted to Google Checkout.

The free processing promotion was set to expire at the end of this year.

Mountain View, Calif.-based Google, which rolled out its checkout program in June, has been trying to drum up support of its service with incentive programs.

Last month, it began offering customers $10 off a $30 purchase for transactions made via Google Checkout.

PayPal, owned by eBay (Charts), said in November that customers would be eligible to receive a cash rebate of up to $20 off when using PayPal to make purchases on certain merchant Web sites.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.