> This is bizarre considering that the Gmail money thing just launched so Google is remaining in the payment processing business
The "Gmail money" thing is a Google Wallet feature, as Google Wallet doesn't include credit card processing on the merchant side, I suspect that for things where Google is, effectively, the "merchant" (like sending money through Gmail), they are paying a third party for processing services.
The "Gmail money" thing is a Google Wallet feature, as Google Wallet doesn't include credit card processing on the merchant side, I suspect that for things where Google is, effectively, the "merchant" (like sending money through Gmail), they are paying a third party for processing services.