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Startup Is Moving $350 Million .....Kill Credit Cards
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Startup Is Moving $350 Million .....Kill Credit Cards

  #1 (permalink)
Elite Member
Aurora, Il USA
 
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Platform: TradeStation
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kbit's Avatar
 
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Startup Is Moving $350 Million .....Kill Credit Cards

Dwolla

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  #2 (permalink)
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Oslo
 
Futures Experience: Advanced
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aediaz1's Avatar
 
Posts: 57 since Apr 2011
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kbit View Post

Read about them today. Really interesting company, hope they go for outside US too. Its a miracle, from a capitalistic point of view, that Paypal doesn't have better competitors.

"We may not be able to control the wind, but we can always adjust our sails"
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  #3 (permalink)
Elite Member
arizona
 
Futures Experience: Intermediate
Platform: rolling my own
Favorite Futures: ES,CL,GC,6E
 
GoldStandard's Avatar
 
Posts: 211 since Oct 2009
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It would sure be great if someone could offer a cheaper alternative credit cards. The 2-3% or so they charge is a ridiculously high tax on the economy for performing what is essentially just an administrative function. It seems like in a free market there should be dozens of competing payment services, driving the price down. Let's hope this startup and others like him succeed.

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