Pay Pal - - - goes with a new technology partner
Sunday, June 23, 2002 by joetheblow | Discussion: WinCustomize News
Pay Pal and WellsFargo are planning to team-up so to help with Pay Pal's credibility as far as being the in between sellers and buyers. Pay Pal in it's past, has used other back end support but the announcement to go with WellsFargo will hopefully give them more credibility as far as the credit car companies are concerned.At this present time Pay Pal has some trouble with having some risky businesses use them fro fraud (In particular Gambling and Porn sites) and also having some good customers get caught up in account freezes. (Some of those good customers actually have filed an class action lawsuits against the company)
Some critics of companies like this is trustworthiness. May buyers turn away knowing that the bill is being processed by a mainly Internet company. "What is this Pay Pal? I know MasterCard, Visa, Discover, Verisign but Pay Pal (or iBill)? Who are they?"
Nevertheless, Pay Pal and others like it are in business and growing. Now they just have to fix there credibility with major credit card companies and feature better customer service.
What do you think?? Do you use Pay Pal; As a business? As a consumer?
The news ink is on CNET. It is on CNET new radio. Once on the site click the link for the scoop.
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