PayPal wants to become your daily money habit
Found on CNet on Friday, 16 September 2016
Instead of making it easy for folks to pay online using their credit cards, the digital payments company directs them to buy stuff with their PayPal balances and checking accounts. The end result has been both profitable for PayPal (because it avoids credit card networks' higher fees) and a pain for shoppers looking to rack up points or frequent flyer miles.
Becoming more ubiquitous is critical for PayPal, especially since it spun off of eBay last year and now needs to transform itself from being a mostly eBay-centric service to a much broader one.
As long as PayPal does not act like a real bank, it disqualifies itself as a serious service which should be allowed to handle money.