As it stands right now, Checkout does not compare to the functionality PayPal has, said Mukul Krishna, a Frost & Sullivan analyst. Google is trying to augment its service by providing a simple payment platform. Its not even close to a PayPal killer right now.

In the ongoing fight between Internet giants, the latest round has eBay coming out swinging. Shortly after Google rolled out a PayPal-like payment service called Checkout, eBay banned it from being advertised on auction listings.
Google Checkout joins AlertPay, AuctionChex, and 40 or so other payment services blocked by eBay. Payment methods allowed by eBay include bank-to-bank wire transfers, Visa, Discover, MasterCard, and, of course, eBays own payment service, PayPal.

EBay is not able to monitor or police the actual payment methods that buyers use to purchase items from eBay sellers, said Hani Durzy, a spokesperson for eBay. But we can control through our Accepted Payments Policy what payment methods sellers advertise on their personal pages.

Gone are the days when global electronics giants could dump last years wares on China, counting on a nation of gadget hillbillies to buy the worlds leftovers.

The worlds most populous nation has evolved into a leading electronics market, with newly wealthy consumers snapping up everything from the latest mobile phones to digital cameras and MP3 portable audio players.

In a nod to Chinas growing importance and sophistication many of the worlds top electronics makers — from cellphone giants like Motorola and Nokia to chip designers like Intel — now boast major product development and specialization centres in China.

Japans Toshiba recently chose China as a global launch point for one of its newest notebook PC models with fingerprint technology, reflecting the markets growing prowess, a spokesman said.