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Anyone considering using PayPal as a seller should read Jessica Livingston's "Founders at Work" interview with Max Levchin. PayPal is an anti-fraud company that
by devinmontgomery 13y ago
Anyone considering using PayPal as a seller should read Jessica Livingston's "Founders at Work" interview with Max Levchin. PayPal is an anti-fraud company that occasionally processes payments.
It's appealing to customers and established merchants with slow, predictable growth and short lead times, but not for pre-orders. And I don't see them changing this - it's in their DNA.
Kickstarter with Amazon Payments, in contrast and for better or worse, is the most pre-order friendly system imaginable. Tens of thousands to millions of dollars transferred in days with virtually no questions asked. The 14-day holding period they mention is only for first time projects.