Is PayPal The Fifth Credit Card?
from the but-not-a-bank dept
After working incredibly hard in the legal arena to make sure that they weren't declared a bank, PayPal is now doing much more to appear bank-like to websites that want to take transactions. They're implementing a series of web services designed to make it easier to incorporate a PayPal option for commerce sites, along with traditional credit cards. Of course, some are pointing out that the demand just isn't there for such things. The end-users don't see much benefit if the site already has a merchant account and can offer credit card payments. There isn't much of a benefit to end users to use PayPal when they can just as easily use a credit card. The only advantage is to sites that can't afford or don't want a merchant account of their own - and they're probably already using PayPal.
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No Credit? Bad Credit? Bankruptcies?
By allowing people to use PayPal, which draws money from their checking account, as if it's a credit card, it makes like simpler for those people who otherwise are locked out of many eCommerce web sites by their lack of a credit card.
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No Subject Given
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Yes, there IS a benefit.
Yes there is. If I'm buying something from JoesOnlineWidgetStore.com, I'd MUCH rather pay with Paypal than trust Joe and his cohorts with my credit card number. I can't be the only one who trusts Paypal more than some random webmaster.
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Also it PAYS people
The contributors like it because they can get a check, get it transferred to their bank accounts directly, or just use it on-line if they like.
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yes
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