posted by Meyer Lansky
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That sounds pretty sweet. I would love to have more people coming into this market because I am tired of getting squeezed by monopolies like Neteller.
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What a joke. Neteller is a relative newbie in the payment processing industry, and is dwarfed by many of its competitors. For whatever reason, the books have granted favoured status to Neteller. But it is silly to say that there is a dearth of competition when there are so many superior services available.
Yahoo! PayDirect is not likely to be embraced by books anytime soon, as it will be loaded down with all of the same hassles as PayPal. HSBC has been trying to edge in on PayPal's market for some time now, and I imagine will meet the same level of failure as CitiBank's c2it service (which, if you'll look around, is not exactly a big favourite among books for funding options either.)
Phaedrus