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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (28644)	10/21/2007 1:42:15 AM
From: len_chan	of 78696

Usually I lurk here, but WU was on my watch list until recently... Future competition for WU is not just from PayPal. I see regular credit card companies leveraging their data network, technology, and distribution points to move "regular" money. "Prepaid" credit cards are a great way of sending money home. A money order through WU costs what, $10 a shot? In a related way, PayPal and MasterCard already have a program where you can get a MasterCard to withdraw money from your PayPal balance - it works anywhere MasterCard is accepted and there are no transaction fees for the end consumer. (I've got one, for my small business, and I use it to pay for USD expenses. As a Canadian that gets USD from web sales, it's annoying to constantly pay currency exchange. Especially since I used to pay currency exchange both ways, buying USD for expenses done on the Visa, and selling USD to bring the PayPal balance home...) -- LC

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