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09-26-2007, 12:26 PM
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AOL co-founder backs new online payment firm
Steve Case, the founder of the AOL Internet service, is backing a new online payment company that promises to let users transfer funds for free and offer a credit card with sharply lower fees for merchants.
The new venture, Revolution Money, said it will let users transfer money to individuals and online merchants for free through its Revolution MoneyExchange service. The payment system is in a pilot stage. Revolution Money will go up against popular online payment systems such as industry leader PayPal from eBay and one
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09-27-2007, 12:34 AM
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the thing with PayPal is it is very ahrd to compete with them in the online payment market as a huge chink is via eBay's millions of users, each using the intergrated PayPal payment.
As long as any new company don't just freeze account for no specific reason, like PayPal have done to me on several occasions, it will defiantely be an alternative I would be interested in away from eBay
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