Monday, December 12, 2005
PayPal Spreads Its Wings
PayPal Spreads Its Wings: "The Web service is going beyond parent eBay. Will the next foray be offline?
The wise folks at Detroit Coffee Co. aren't trying to create the next Starbucks Corp. (SBUX ). They sell only basic brew from retail vans. On their Web site you won't find beans with foo-foo flavors. And they don't take American Express (AXP ) -- or Visa or MasterCard. The only way to buy online: PayPal, the Web payment service owned by online marketplace eBay Inc. (EBAY ). Detroit Coffee Chief Executive George B. Kaufman thinks PayPal, which lets buyers instantly send money over the Web without typing in their credit-card numbers, is easier and safer than plastic. Besides, he adds, 'almost everybody recognizes PayPal now.' "
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