Google Base screenshotGoogle today confirmed the existence of test service called Google Base which lets users submit information to a searchable Google database according to a page posted at base.google.com that was available briefly on Tuesday as reported by The Wall Street Journal

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This will put Google in direct competition with eBay and going to slowly take away from eBay’s market especially in international markets.

"It's going to slowly chip away at eBay's growth and opportunities, especially in international markets where there is a tremendous amount of growth at Google," said Brian Blair, principal at Wedge Partners LLC, a New York research firm.

Some analysts believe it will be paired with a Google online payments service, which Google confirmed plans for earlier this year but has yet to release.