Though Google Checkout hasn’t really gotten good reviews lately with all that problems and bugs cropping out left and right, Paypal is moving forward with a new affiliate campaign with Commission Junction:

You can earn up to $23 for every new PayPal Business or Premier account you refer under our new PayPal affiliate program. Make top commissions when your referred merchants start receiving off-eBay payments – sign up now! {source: ThreadWatch}

A $23 affiliate payout per referral seems high enough to get some attention from marketers and sure is an indication that Paypal is a bit threatened by Google.

We’ll see more of this in the coming months. Competition is good for consumers.

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