Hi,
But this has set me thinking.Instead of so many of us wasting so much time and energy complaining about paypal,why dont some of us take the initiative to start a similar service?There are a few out there but if you try them out,each one has its own problems.Some of them might solve some problems but introduce new ones.And i also realise that there are lots of problems starting a similar one.But if we sit together ,i am sure we can find a solution to every problem.
The main problem is that paypal is so huge and how we can beat them.Well,we may not be able to beat them in USA but there are so many other countries like Australia,UK and India where the market is huge,paypal penetration is very low and there is no big alternative site with the same concept.So these countries provide us with a huge market.We could possibly start a site catering to the needs of this country alone and then move on a to global one.
Then the problem of financing the site comes in.Maybe 4-5 of us can join together.Or maybe we can put up strategic partnerships among ourselves,like one of us building the site,one of us marketing etc.Or we can launch a fund where each affected customer can contribute,say 10 dollars for the new site.I am sure we can work out a way.
With paypal being acquired by ebay,they will use paypal for ebay centric business which leaves out several customers who need paypal for other kinds of transactions.These customers can be targeted.
Think about it.All these writing will be of no use to attack paypal.It is like scraping the side of a mountain.We need to shake the foundation of the mountain and that is paypal's business.Together we can do it.If any one of you feels that i am right ,please mail me at ns_karthik@yahoo.com.
Thanks.
Q. Why we know this "ns_karthik" guy is the same Karthik guy as the founder of FXEthos ?
A . ns_karthik@yahoo.com has been this guy's email address.
