There may be a new PayPal alternative on the horizon, I’m not talking about the pyramid marketing scheme, GreenZap.

Google is rumored to have a program in the works, tentatively called Google Wallet. The program could be a convenient feature for AdSense advertisers and content providers, and if Google begins offering a fee-based Gmail, the new payment system will gain popularity.

Considering the number of eBay users who use PayPal exclusively, I don’t think Google Wallet will overtake that service, but Google Wallet will likely be a popular service for those who deal with Google.

Meanwhile, PayPal has offered a new service called Website Payments Pro. It appears to be a fully functioning payment system that does not require the user to exit the merchant’s site to visit PayPal. There’s a $20/month fee.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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