Archived posting to the Leica Users Group, 2002/02/05

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Subject: Re: SV: [Leica] OT> PayPal update
From: Henry Ting <henryting10@yahoo.com>
Date: Tue, 5 Feb 2002 11:39:09 -0800 (PST)

Paypal serves a niche in a market for small amounts to
be transferred online quickly. However, I think going
IPO for fund-raising with the intend of going global
is stretching it a bit. By the way, I don't see big
business using their service unless they change the
way they charge business. For example, I have my own
business and they charge over 3% on the transaction
total for basically just doing money transfer. Is not
like credit card companies where they have to pay for
you upfront.

- --- Nathan Wajsman <wajsman@webshuttle.ch> wrote:
> Steven Alexander wrote:
> 
> > Notice in business section today's Boston Globe,
> PayPal is offering IPO.
> >
> > Someone thinks they are doing something correctly.
> 
> As the experience from the past couple of years has
> shown, the fact that a
> company goes public means little and certainly is at
> best tenuously related to
> the viability of the business model. It just means
> that current management
> wants to get rich quick...
> 
> PayPal is a good concept, but I also second Pascal's
> frustration. I have tried
> twice to register with them and each time the
> process failed due to their
> apparent inability to process a non-US Visa card. So
> my own conclusion is that
> PayPal is a fine service for people based in the
> U.S. but they should not
> represent themselves as providing an international
> service when in fact they do
> it only in theory. And no, there was nothing wrong
> with my card, I followed
> their procedures exactly, and I have used this same
> card to buy stuff from
> US-based merchants many times without any problems.
> Hence the problem is with
> PayPal, not with me or my bank.
> 
> Nathan
> 
> --
> Nathan Wajsman
> Herrliberg (ZH), Switzerland
> 
> e-mail: wajsman@webshuttle.ch
> 
> Photo-A-Week:
> http://www.wajsman.com/indexpaw2002.htm
> General photo site: http://www.wajsman.com/index.htm
> 
> 
> --
> To unsubscribe, see
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