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raheemm
on July 8, 2010
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WePay (YC S09): Innovating Where Banks Won’t
It does not seem like WePay will compete against Paypal. Why aren't there more paypal competitors? What are the barriers to entry?
sstrudeau
on July 8, 2010
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I think the fact that only big players (Amazon, Google) have had any success at all in this area is illustrative. Regulatory barriers plus ability to deal with fraud at scale sets a very high hurdle. Not the kind of thing you can easily bootstrap.
zandorg
on July 8, 2010
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Max Levchin said on Nerd TV that tackling fraud cost Paypal $100,000,000.
dkuchar
on July 8, 2010
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Massive.
http://news.ycombinator.com/item?id=1492098
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