Quote:
Originally posted by widebody911
The market seems ripe for a competitor.
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Paypal
was the competitor.
Ebay had a program they called Billpoint, which I had heard was pretty usurious. Paypal was the cheaper, friendlier alternative, and as such had a much stronger user base. Ebay bought out Paypal in 2002 and scrapped their Billpoint system in January of 2003.
There was also another competitor called Bidpay, but they went belly-up in Dec 2005. Another company has bought the rights and hopes to return to the market this summer.
Of note is that Ebay has no control over who's payment services are used. That is strictly between the buyer and seller. If Joe wanted to starts Joes Taxidermy and Auction Payment Emporium, LTD. then it's success would be solely determined by buyers and sellers willingness to use it.
I believe that there is a fortune to be made off of the thousands of disillusioned sellers who accept Paypal and are tired of paying Paypal a % fee (that goes into Ebay's pocket) when they are also already paying Ebay's seller fees.
Wasn't somebody on here looking for a niche business to get into? Here's you chance....