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Billpoint was founded in 1998 by Sang Young Lee, Hope Chen, Will Chen, Jason May, Ian Flint and Jay Shen, with headquarter in Redwood City, California.The company obtained venture funding from Sequoia Capital in February 1999, [2] and later that year was purchased by eBay; its website was taken offline while integration into eBay's auction service took place.
Online shoppers commonly use a credit card or a PayPal account in order to make payments. However, some systems enable users to create accounts and pay by alternative means, such as: Billing to mobile phones and landlines [34] [35] Bitcoin or other cryptocurrencies; Cash on delivery (C.O.D.) Cheque/ Check; Debit card; Direct debit in some countries
The combined entity, initially called X.com, later changes its name to PayPal. PayPal adopts eBay as a key platform to grow its userbase, because of the need for an online payment system on eBay. eBay responds with its own payment service, Billpoint. PayPal competes fiercely with Billpoint, raises a large amount of money, and IPOs in February 2002.
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As if taxes weren't complicated enough this year, small business owners and independent contractors now definitively have to report income made via PayPal, Venmo, and a host of other e-commerce ...
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The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
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