Re:Facebook poaches PayPal president David Marcus to run Mes...
by logicallee on Monday June 09, 2014 @07:25PM
(#7871088)
> How much new can they really do as a payment processor?
dude, how can you say this this year.
Re:Facebook poaches PayPal president David Marcus to run Mes...
by Omniusaspirer on Monday June 09, 2014 @07:41PM
(#7871147)
To clarify:
How much new can they do as Paypal? The company has a horrific public image (due to the reasons I listed) and has arguably been getting outmaneuvered innovation-wise in the payment processing business for many years now. The company is a giant just waiting to be toppeled.
Disclaimer: I may very well look back in 10 years and feel like a fool for the above opinion, but my current experiences have me pretty self-assured.
I'm sure there's some little things they could dabble in but realistically the only things people want from Paypal are less fees, less account closures/theft from account holders, faster transfers and overall better customer support.
Paypal doesn't need to innovate, they need to fix the obvious issues that relegate their service to a "barely workable until the instant someone better comes along" paradigm.