The Economist has noticed PayPal. See Economist.com | Online payments
"ONE of the most powerful forces in e-commerce is the “network effect”: the more people who flock to a particular website, the greater its appeal. The latest beneficiary of this phenomenon is PayPal, which now handles online payments at an annualised rate of more than $17 billion. PayPal is not a bank, but for online buyers and sellers it performs much the same function. It already has 45m account-holders worldwide, one-quarter of the number of the mighty Citigroup."
We are hoping to use PayPal for Scottish Oil Club Bookings.
Wednesday, May 26, 2004
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