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IMHO PayPal offered 2 things that nobody else offered at the time they were starting: easy & secure. Nowadays more platforms like PayPal offer the same features
by alexandernst 8y ago
IMHO PayPal offered 2 things that nobody else offered at the time they were starting: easy & secure. Nowadays more platforms like PayPal offer the same features, but once some company has made a big share of the market, it's really hard for other companies to take that market share away.
- marpstar 8y agoagreed. That on top of their eBay partnership (and later acquisition). I think people forget how popular (relative to the rest of the internet) eBay was 20 years ago. I remember getting a PayPal account in like...1999 or 2000. That's a long time. Only within the past 5 years have processors like Stripe and Square have really gained visibility, and they each have their own niche (developer-friendly and small-shop-owner-friendly, respectively).