3 ms·

It does not seem like WePay will compete against Paypal. Why aren't there more paypal competitors? What are the barriers to entry?

• sstrudeau 16y ago
  I think the fact that only big players (Amazon, Google) have had any success at all in this area is illustrative. Regulatory barriers plus ability to deal with fraud at scale sets a very high hurdle. Not the kind of thing you can easily bootstrap.
  • crudbot 16y ago
    Agreed it's a hard way to go. The industry totally needs competition though and I hope they succeed.
  • zandorg 16y ago
    Max Levchin said on Nerd TV that tackling fraud cost Paypal $100,000,000.
• dkuchar 16y ago
  Massive. http://news.ycombinator.com/item?id=1492098 http://news.ycombinator.com/item?id=1492098