Though PayPal remains a juggernaut in the online-payment space, the question is, is PayPal too late to make a dent with business customers?
The new platform joins incumbent systems like Jack Dorsey’s Square, Intuit’s GoPayment, and North American Bancard’s Pay Anywhere, among others. Square, alone, claims more than a million users and merchants and a spokesperson says the company processes more than $4 billion annually. But, it’s a sector that’s growing, says Todd Ablowitz, founder of Double Diamond Group, LLC, a Centennial, Colo., payment systems consultancy. “The entrance of PayPal shows that this is a very real market, with an increasing number of options for target merchants,” he says.
Entrepreneur, March 27, 2012
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