09-06-2005, 02:23 PM
I profess total ignorance of online money transfer issues, because I can't understand why there is no competition for Paypal's business. It's the year 2005, people!
I hate Paypal. I consider the percentage cut they take of every transaction to be ridiculously high, and it reduces this site's donations by too great a margin. But, what choice does a webmaster have?
Paypal has no real competition. You're basically forced to go with them or else ask people to stuff cash in envelopes and mail it, and the moment a strong competitor arises, they'll smash Paypal. I mean, there's such huge profit potential out there - especially since Paypal will not authorize transfers related to sex or pornography, which, like it or not, probably represent a gigantic chunk of change on the Net. So with all this money to be made, why is nobody moving into their market? Did I miss something? Blaurgh!
Anybody want to start a new company? :) "eDough.com"! IPO will be in one month...
-Bolty
I hate Paypal. I consider the percentage cut they take of every transaction to be ridiculously high, and it reduces this site's donations by too great a margin. But, what choice does a webmaster have?
Paypal has no real competition. You're basically forced to go with them or else ask people to stuff cash in envelopes and mail it, and the moment a strong competitor arises, they'll smash Paypal. I mean, there's such huge profit potential out there - especially since Paypal will not authorize transfers related to sex or pornography, which, like it or not, probably represent a gigantic chunk of change on the Net. So with all this money to be made, why is nobody moving into their market? Did I miss something? Blaurgh!
Anybody want to start a new company? :) "eDough.com"! IPO will be in one month...
-Bolty
Quote:Considering the mods here are generally liberals who seem to have a soft spot for fascism and white supremacy (despite them saying otherwise), me being perma-banned at some point is probably not out of the question.