Comment on Many such cases

<- View Parent
wildncrazyguy138@fedia.io ⁨3⁩ ⁨months⁩ ago

I think it’s that PayPal was one of the firsts to provide a method for collecting credit card transactions electronically.

Before PayPal, you’d often have to visit a website, then call the phone number for the seller to collect payment.

eBay needed paypal because their sellers were often not businesses, just people yardsaling stuff online.

Coincidentally, I interned at a PayPal competitor in 1998 that went under during the bust. We had an electronic interface through MS access, but it was a still a human entering in the CC number into one of those dial pads on our side and then confirming the transaction. I’m sure nowadays you can understand why that was a terrible long term business model.

source
Sort:hotnewtop