But all the money in Paypal is in facilitating C2B payments, not in C2C payments. Granted, many of their businesses are tiny compared to the typical credit card charging business, but it doesn't meaningfully compete with anything except, perhaps, the low-end of eBay sellers. (And it won't be allowed on eBay.)
http://pages.ebay.com/help/policies/accepted-payments-policy...
(Disclaimer: I bank with Bank of America, and am waiting with baited breath for BankSimple)
Very cool to see they've opened this to e-mail and txts now too.
There are a lot of "me too" money transfer services out there: PopMoney and ZashPay are two more that come to mind.
After a quick evaluation of ZashPay, I wasn't impressed. No T-Mobile support, US only, can't send to/from Oklahoma(!), restrictive EULA, terrible UX.
PayPal is still compelling for this type of payment, as P2P payments can be made with no fees, as long as they're sent from a bank account.
Am I the only one thinking this might just be a white label of a solution they were already all using?
Between BitCoin, Square, and everyone elses entry into the market its hard not to agree.
