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PayPal gets into the merchant account business - Signal vs. Noise (by 37signals)
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"This is Signal vs. Noise , a weblog by 37signals about entrepreneurship, design, experience, simplicity, constraints, pop culture, our products, products we like, and more. Established 1999 in Chicago.
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PayPal gets into the merchant account business 17 Jun 2005
41 comments
Latest by
Dave
PayPal effectively enters the merchant account business with Website Payments Pro . Now sites can use PayPal to process credit card transactions without having to send folks to PayPal. This is what a lot of people have been waiting for. Look out merchant account companies.
41 comments so far
( Jump to latest )
Sean
17 Jun 05
Will certainly expand their operations
blackant
17 Jun 05
Here’s my favorite blurb:
“There are no setup fees, monthly fees, or cancellation fees. There is a low monthly fee of $20.00 USD…” (page 8 of the demo)
Dan Boland
17 Jun 05
Yeah, I wonder what took them so long… I’ve always thought this was the logical next step for them. I’d use it if I had something to sell. =D
Seth
17 Jun 05
Cool, now they can freeze my business account for no reason as well!
Paypal are thieves…I’ve had them shut off my ebay-linked account before just because I “received too much money in too short of a time frame”.
I had to wait a month before they unfroze the account. Fun!
Chuck McKinnon
17 Jun 05
Seth, I thought those were PayPal problems 3-4 years ago? I remember there were websites like paypalsucks.com, but I thought since the eBay takeover things had improved.
Seth
17 Jun 05
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