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Yahoo Shuts Down Their PayPal Competitor

Posted by ryuzaki0 on from the imagine-that dept.

LostCluster writes "MSNBC and ZDnet are both reporting that Yahoo and HSBC have announced a shutdown plan for their PayDirect service which was their rival to PayPal. Since CitiBank abandoned their c2it service last year, PayPal now seems to be a monopoly by default." There are other players in this field, though, like bidpay and worldpay.

1 of 257 comments (clear)

  1. Canada still has CertaPay by bcs_metacon.ca · · Score: 5, Informative

    A consortium of Canadian banks (BMO, CIBC, RBC, ScotiaBank, and TD) offer "email money transfers" through CertaPay. My wife and I use it for almost everything we used to do through PayPal because -- unlike PayPal -- it's free for both the sender and receiver (as long as you have a banking plan that gives you a number of free transactions per month).

    --

    How appropriate. You fight like a cow.