this post was submitted on 31 Jan 2024
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Who are their rivals? Looking for an alternative and the site is walled.
Websites now take Google pay.
Restaurants and startups are using toast and squarespace.
People are using cash app and venmo.
There are a lot more alternatives to PayPal than 10 years ago.
Zelle is also mentioned in the article, which I don't know much about but use because they partnered with a bunch of banks, mine and my parents included. My boomer parents who have always been afraid of PayPal because of the sheer number of scammers pretending to be PayPal (which, to be fair, if you're not tech savvy enough to avoid the scams, avoiding the platform they're pretending to be actually works), but they use Zelle, because of that bank integration.
Yeah I forgot about Zelle. I used to wire transfer with my family and everyone immediately switched to Zelle when it was integrated.
Wise is great for virtual accounts, prepaid debit card (physical and virtual) and international transfers. Virtual cards can be created for each service/payment and deleted when you need, also used with Apple Pay, etc. You can create “accounts” in any currency with bank account info to receive bank transfers or set up direct debits. I use it for over a decade personally, then their business account for 3 years to accept payments in foreign currency and I’m happy with it.
Maybe Shop Pay? I didn't read the article, just guessing.
Affirm is a big one. Bloomberg spent the past few weeks talking with the Affirm CEO.