Subject:
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Re: PayPal Changes
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Newsgroups:
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lugnet.market.services
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Date:
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Sat, 14 Oct 2000 11:55:25 GMT
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Viewed:
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2591 times
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In lugnet.market.services, Todd Lehman writes:
> In lugnet.market.services, Charles Eric McCarthy writes:
> > > Hrm...what is X.com then if X.com bought up PayPal? X.com must be
> > > something much more? I don't have an X.com account -- only PayPal.
X.com or X Finance is a genuine bank account (check book, debit/credit card,
wire transfers, etc.). When it was free, it was a great service. I just
cancelled my account when I got email telling me that there would be a
$12/month charge for balance under $100 which I often maintain because I shift
all the funds to Paypal for ease of use.
> > X.com and Paypal accounts were never merged. Paypal turned into "X Paypal"
> > and X.com turned into "X Finance". You can see the radio buttons on their
> > home page.
Yup. I do believe that they will continue to integrate the two services,
though.
> Ahh. OK, strange. Hmm. So, X bought PayPal and renamed the service from
> "PayPal" to "X PayPal" but the accounts for each are still incompatible? Is
> that right? If you have an X account and no PayPal account, you can't send
> money from X to PayPal and vice versa? That seems bizarre.
Yes, it is. And even if you do have both accounts, it's not just a piece of
cake. To get funds from X Finance to X Paypal, you can just sign up your
paypall account to interact with your X Finance account as it would any bank
account, so that if you send payment in excess of your Paypal balance, it just
automagically slurps funds from the X Finance account. It's also easy to
manually slurp those funds across. OTOH, if you want to transfer X Paypal
funds into the X Finance account, you have to perform a wire transfer that
takes fourish days, but at least it's free.
I believe that a significant amount of the difficulty getting their two sides
meshed comes from banking law which is pretty restrictive. Certainly the
technical hurdles would be trivial.
Chris
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Message is in Reply To:
 | | Re: PayPal Changes
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| (...) Ahh. OK, strange. Hmm. So, X bought PayPal and renamed the service from "PayPal" to "X PayPal" but the accounts for each are still incompatible? Is that right? If you have an X account and no PayPal account, you can't send money from X to (...) (25 years ago, 13-Oct-00, to lugnet.market.services)
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