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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.

2 of 257 comments (clear)

  1. No, timothy did the mostly right thing by Anonymous Coward · · Score: 4, Insightful

    He corrected the submitter by naming several competitors. He could've gone further by removing the submitter's comment entirely, though.

  2. Re:I have never understood... by Torham · · Score: 4, Insightful

    The advantage to me as a consumer is that I don't have to give my CC# to a complete stranger. The burden of proof is on the vendor but it is still a hassle to get everything fixed if your card number is stolen.