Is there is an Apple PayPal Killer in the ranks!? That’s the question on everyone’s minds these days.

After being rumored to come up with the Apple Tablet and a bunch of new iPhones, the newest thing we’re itching to know is if Apple is planning a service that would allow the iTunes Store account holders to make purchases on participating third-party sites across the Internet.

Considering that behind the rumor are the Wall Street gossips, you’ll have to take it with a pinch of salt before getting too excited. There’s no official word from Apple, but if we’re to consider the success of Paypal and the fact that Facebook recently introduced a “pay with Facebook” feature, Cupertino may want to cash in on their amazing user base in the online payments business.

Could it be that Apple depends too much on their hardware products (iPhones, Macs, iPods) — which may see a drop in sales, soon — and they’re looking for a way to diversify their business?

No matter whatever the reason is, we’d love to get it tested out.

[via BusinessWire]

Tags: Apple, Apple Paypal Killer, online payment, online payments, online payments business, Paypal killer