Paybox could be Paypal’s next big competition

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I’ve been using Paypal for years.  It’s almost universally accepted as a way to pay for online purchases, and you can accept credit cards using your Paypal account, even if the payer doesn’t have an account.  To pay for that convenience, Paypal’s fees are higher than a typical merchant account.

paybox logoNow Paypal may have some competition.  There is a new online pay service called PayBox (check it out here).

I signed up with PayBox about a week ago to check it out (accounts are free).  At first I was concerned because in order to have an account, you have to receive their email newsletter.  I figured I would be overwhelmed with junk emails, but that has not happened – I’ve only received a couple of emails from them.

Right now, PayBox has what they call an “Early Bird” offer.  Members that get in now receive a startup bonus of $50 in their account.  They will also add to your account when you give them feedback and suggestions.

Is PayBox the next Paypal killer?  Who knows.  You can never predict what will happen with new online services.  However, it costs nothing to join and you get $50 in your account right away.  I figure it’s worth a try to see what happens.  Let me know your experience in the comments.

Take a look at PayBox here.

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Rich Wells
September 23rd, 2010

This Paybox really works. I have only been a member for 3 days and my account is up to $105 —-

Chris
September 27th, 2010

Hi, Do you know if the $ they are talking about are in US dollars or ? Is it a made up currency or? no indication anywhere on the site.

Crystal
October 4th, 2010

Yes they pay in American $

Rob Greene
December 4th, 2010

Hey
Does anyone have a way of getting in contact with paybox? I have some information which might be helpful to them.

marie72
January 25th, 2011

I joined but nothing was ever sent to my email?

Scott Johnson
January 25th, 2011

Marie – check Gmail’s spam filter, it might have ended up there. Also, you should subscribe to the blog emails that Paybox sends out – that will keep you updated on their progress.