They seem to offer the same kind of service that paypal does, but with
a few enhancements: they guarantee that the payments will not be
subject to chargeback (according to the FAQ), and also, no identity is
required to open an account.  Of course, you need a credit card to get
money into or out of the system, but you only need an email addr to be
able to send and receive money within the system.

The fact that the service is free means that they must be making money
on float, which is something they forgot to mention on their site, so
I do have some questions about how financially sound they are, but it
still seems like a cool service, and maybe some of the exchange
providers might want to start using it.

e

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