It's a Paypal clone, and based in the same town as Paypal.
They opened around the same time Ebay decided to make payments "paypal only"
And at the time it was available to anyone and had higher fees. Not the best model for an unknown startup.
At the time there was some speculation that it was setup by Ebay to avoid an antitrust complaint. Conspiracy theory? Maybe, but you can draw your own conclusions from the info above.
Steve Birmingham
|