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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. Look just because by Rares+Marian · · Score: 0, Troll

    Paypal was going through some stability problems doesn't equate it to Microsoft which is a monopoly.

    But really there's a ton of merchant accounts put there.

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