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PayPal and Square emerge as leaders in the payments space. As merchants increasingly turn to e-commerce, new companies have attempted to streamline the historically challenging process of accepting credit cards online. PayPal and Square emerge as leaders in the payments space. TABLE OF CONTENTS. rate per transaction.
Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. It’s likely that Amazon was too early to P2P payments.
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