You even earn a few bucks from using the system. PayPal has been attracting new customers at a rate of 15,000 to 20,000 a day since the service was launched last November. By mid-July, it had signed up 2.5 million customers. It s not a big threat to the credit-card companies right now. Banks are vulnerable, too, she adds.
Many banks get half of their revenue from payments.
This takes the money out of the banks and into the PayPal system. I m pretty cynical about most companies, but PayPal is definitely an exception. It has made it really easy to pay other people. Like Napster, PayPal has no guarantee of success. That is far-fetched, even for Hollywood.