Startup Is Moving $350 Million .....Kill Credit Cards

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Updated November 14, 2011

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Startup Is Moving $350 Million .....Kill Credit Cards

November 11th, 2011, 11:41 AM	#1 (permalink)
kbit Aurora, Il USA Elite Member Experience: Advanced Platform: TradeStation Trading: futures Posts: 5,854 since Nov 2010 Thanks Given: 3,296 Thanks Received: 3,350	Dwolla

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November 11th, 2011, 02:07 PM

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aediaz1

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kbit

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Read about them today. Really interesting company, hope they go for outside US too. Its a miracle, from a capitalistic point of view, that Paypal doesn't have better competitors.

"We may not be able to control the wind, but we can always adjust our sails"

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November 14th, 2011, 02:31 PM	#3 (permalink)
GoldStandard arizona Elite Member Experience: Intermediate Platform: rolling my own Trading: ES,CL,GC,6E Posts: 205 since Oct 2009 Thanks Given: 324 Thanks Received: 191	It would sure be great if someone could offer a cheaper alternative credit cards. The 2-3% or so they charge is a ridiculously high tax on the economy for performing what is essentially just an administrative function. It seems like in a free market there should be dozens of competing payment services, driving the price down. Let's hope this startup and others like him succeed.

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Last Updated on November 14, 2011

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