They chalk up more than $250 million in annual fraud losses as a cost of doing business - there's a network of fraud artists that have cut their teeth on the PayPal network.
Being the innovator, PayPal grew up with these fraudsters, building an in-house database of knowledge about how to handle them as they cropped up one by one.
If you're talking about building a PayPal competitor at this point, you're launching at a point when there isn't going to be as much investor interest in your startup combined with a mature fraud ecosystem prepared to shut it down.
Being the innovator, PayPal grew up with these fraudsters, building an in-house database of knowledge about how to handle them as they cropped up one by one.
If you're talking about building a PayPal competitor at this point, you're launching at a point when there isn't going to be as much investor interest in your startup combined with a mature fraud ecosystem prepared to shut it down.
And those are only the problems we know of.