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Word: billpoint (lookup in dictionary) (lookup stats)
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...second time in a week I had been steered to PayPal. A few days earlier, I won an auction on eBay, and the seller's listing said he accepted payment through PayPal and Billpoint. I knew these were the two leaders in the online-payment field, with millions of registered users between them, but I had never used either one. I decided to give PayPal...

Author: /time Magazine | Title: Pay It Forward | 11/13/2000 | See Source »

...cost, for me, couldn't be better. PayPal and Billpoint are free to payers, and Billpoint is currently running a promotion that takes $1 off all purchases made with a Visa card. PayPal actually pays you $5 to open an account and another $5 for each friend you refer. Both services make their money by charging the seller a small fixed fee and a percentage of the total dollar amount sent on each transaction...

Author: /time Magazine | Title: Pay It Forward | 11/13/2000 | See Source »

PayPal and Billpoint are a great way to make payments to individuals and small businesses. But the "killer app" right now seems to be auctions. PayPal is used in an estimated one-fourth of all eBay auctions. And Billpoint, which is partly owned by eBay and seamlessly integrated into its payment system, is used for many more. PayPal's website includes a handy list of ways you might want to use the service, from sending money to kids away at college to "collecting payments from co-workers for office pools." (Wait, aren't there laws about that?) But the truth...

Author: /time Magazine | Title: Pay It Forward | 11/13/2000 | See Source »

...That means in the future, when you go shopping or eat out, instead of reaching for your wallet, you may reach for your cell phone--and an online-payment service. Ultimately, it may be your cash--as much as your frantic hunts for first-class postage--that PayPal and Billpoint render obsolete...

Author: /time Magazine | Title: Pay It Forward | 11/13/2000 | See Source »

Users of the popular auction site will have another way to make transactions. eBay and Wells Fargo are rolling out Billpoint, a service that allows sellers to accept credit cards without establishing merchant accounts. Instead of waiting to receive a check or money order, sellers will get immediate payment to their checking account once the buyer inputs his or her credit-card data. After the first three months, sellers using Billpoint will pay 3.5% of the purchase amount plus 35[cents]. Sales under $10 will get off a little easier and cost only 35[cents...

Author: /time Magazine | Title: In Brief: Mar. 13, 2000 | 3/13/2000 | See Source »

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