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daily link  Monday, April 22, 2002

PayPal: Not What It Used to Be: "PayPal was started by some young partners, inexperienced with the realities of credit card processing and too arrogant to listen to their customers. First they thought they could get away with stating that charge backs would not be allowed. When that didn't work, they came up with a buyer/seller protection plan that set up some ground rules to prevent abuse. When that didn't work, they decided to just pretend that it did and hope that no one would notice."

Name Your Own Price on PayPal: "Armed with nothing more than a text editor and a Web browser, a crafty fraud artist can, for example, change prices of items at hundreds of e-shops that use PayPal."
permalink Posted to payments @ 9:52:31 AM ( comments)

USA Today: MasterCard to stop third-party transactions: "A new rule by MasterCard could crimp online commerce by stopping merchants from accepting credit card payments through third parties, such as the popular PayPal, USA TODAY has learned."

USA Today: PayPal works to keep MasterCard business: "Shares of online payment system PayPal fell 2% Friday on news that MasterCard would no longer work with third-party credit card payment systems." [Scott Loftesness]
permalink Posted to payments @ 9:42:39 AM ( comments)


Copyright (C) 2002 Paul Kulchenko Click here to send an email to the editor of this weblog. Updated 8/11/2002; 7:04:48 PM