Take Paypal at your Restaurant?
I'm not sure what your thoughts will be on this article but according to the author Paypal may be coming to every retailer soon. And I would think that it's such a simple operation, restaurants would be next. But the first and last paragraph tell us just what the writer thinks about Paypal. I'm not sure I agree but it could be I just don't know enough about the system. But I do buy a lot of stuff on Ebay.
The Digital Skeptic: PayPal Robs banks
Written by: Jonathan Blum 06/12/12 - 8:00 AM EDT
CLEARWATER, Fla. (MainStreet
) -- The Home Depot
) here on Gulf-to-Bay Boulevard is letting us hold up banks. Lot's of 'em. In broad daylight. In fact, we're doing it as we buy a socket wrench at the self-scan terminal during Memorial Weekend.
It turned out we could pay for some hardware to tune up our boat with either Visa
) , American Express
) , MasterCard
) or -- wait for it -- PayPal
. Not at HomeDepot.com, but at a real-life Home Depot.
"Today it's really hard to find an online retailer that does not accept PayPal," says David Marcus, president of the eBay
) -owned, San Jose, Calif.-based transaction company, in a company-released video
. He is clear that the next big score for his company is in traditional retail sales.
Banks are not doomed. But just like everybody else spiraling down the digital coil, the banking sector is on track to be much, much smaller. And PayPal, which really is nothing more than the checkout table for an online flea market called eBay? It'll wind up being bigger than Bonnie and Clyde.
Here is a link to the entire story. http://business-news.thes...al-robs-banks/11575396