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.
Now 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.