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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Urlman who wrote (16548)1/29/2000 11:38:00 PM
From: levy  Respond to of 28311
 
paypal seems like a pretty cool idea......once you have some experience with it let us know what you think of it.....book keeping on this seems to be a manual event but it would seem they could develop some kind of report for you on payments received....and ultimately it would show up on your credit card anyway...this business model would seem somewhat of a problem for a site like hypermart since it is free. I imagine it would only be of interest to users who have small volume high price item sales...and I think unfortunately many of hypermarts current members fit in this category....I think hypermart needs to go after medium sized businessman not the small guy because the small guy is willing to go out and find stuff like you just did and lower their overhead.....gnet move with companies like Alliegence what ever from Texas is where the real money from hypermart will ultimately come.



To: Urlman who wrote (16548)2/1/2000 11:37:00 PM
From: Urlman  Respond to of 28311
 
Paypal looks like they just got capital from idealab and Goldman Sachs...

This service is pretty cool 'cause it free to both Seller & Buyers...
how are they able to offer the services for FREE unlike tradition Merchant account like Authorize.net?

They play the float...earning interest on money in paypal users accounts that they haven't redeemed (by requesting a check or direct deposit)...

brilliant....