Paypal / Post Office Deal

[3wdl]

Incase anyone didn't see my blog post, I thought it might be worth putting here.

http://www.exwebjunkie.com/2006/12/2...t-office-deal/

I have a good contact at Paypal who has sent me details of the following:

I can exclusively reveal that Paypal, the ebay owned payment provider, is in early talks with the Post Office about creating a Paypal card in the UK.

The card is expected to be an optional extra with an admin charge of around £5 per year. It will allow Paypal users to withdraw small amounts of money or pay for postage directly from their Paypal accounts.

The Post Office would charge a small admin fee for every transaction/withdrawal from this card.

The card is not expected to launch until Q2/3 2007. It will please many ebay users who have become frustrated with the long withdrawal wait when using the payment provider.

Could be an interesting one - It's bloody annoying having to wait 7 working days for Paypal to transfer cash into my account!

[skywalker]

Originally Posted by 3wdl I can exclusively reveal that Paypal, the ebay owned payment provider, is in early talks with the Post Office about creating a Paypal card in the UK. The card is expected to be an optional extra with an admin charge of around £5 per year. It will allow Paypal users to withdraw small amounts of money or pay for postage directly from their Paypal accounts. The Post Office would charge a small admin fee for every transaction/withdrawal from this card. The card is not expected to launch until Q2/3 2007. It will please many ebay users who have become frustrated with the long withdrawal wait when using the payment provider.

Nice one tis true having to wait 7 days is a bugga - clever synergy deal for PostOffice and PayPal

[Mogga]

Could it save the 2500 post offices which are due to be axed?

[pricethat]

Originally Posted by Mogga Could it save the 2500 post offices which are due to be axed?

errrrrrr Nope