Where Does All The Money Go?

Posted on August 29, 2013

Almost everyone has probably used PayPal at some point in time to either send or receive a payment, such is the almost monopolistic hold it seems to have on the eCommerce marketplace.  So here are a few thoughts on the shortcomings of PayPal, shortcomings and hang-ups that effectively inspired us to create our own alternative.  Unfortunately there are some online products or services that only take PayPal (or situations in which you will find yourself having to use it), so we still have roll our sleeves up and deal with this often frustrating company. The amount of time that PayPal holds users’ money for instance, raises serious questions about the efficacy of using it for an online business.  It’s not a bank, and you don’t earn interest on the money they hold onto for ambiguous periods of time. So let’s look at the time it takes for any transaction on PayPal…

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