Well, 10 years ago paypal was 3 years old and the space was very far from proven. Person-to-person payments still suck. I don't want to use paypal thanks in pa

Well, 10 years ago paypal was 3 years old and the space was very far from proven. Person-to-person payments still suck. I don't want to use paypal thanks in part to the stories about them freezing funds with no recourse but also because it's yet another account to manage. Visa on the other hand has a huge established base and if they can make it easy (send x$ to CC No XXXX-XXXX-XXXX-XXXX? and that's it) I would definitely use it. And since Visa is huge and has partnerships everywhere if this takes off in the slightest Mastercard will jump on board and suddenly nearly everyone with a credit card can accept payments from each other. Paypal's revenue will take a good hit for sure. Big companies, especially in the financial sector, don't hop into a new market until it's both stable and large enough to make it worth their while. Person-to-person has now been proven to be big and viable by Paypal so the CC companies are right on schedule to try to muscle their way in and eat Paypal's lunch.