Google is ready to compete with everyone. This time they have a major battle on hand as they go up against PayPal in a battle of electronic payment systems. Paypal is the current champ of processing payments with over 100 million account holders.

There’s no word on how Google plans on competing with PayPal, but it’s assumed they’ll go through their giant webmaster network and attempt to start their. Most likely GBuy will be integrated with Google Adsense and Adwords. The program has been in development for quite some time, so I’ll assume they have many of the bugs worked out.

Personally I’ve been pretty happy with PayPal so I doubt I’ll switch.