Jack Womack wrote:
> 
> What is it, and how does it work?   Jack Womack

http://www.paypal.com/

They are a funds transfer service.  They charge the recpient
a fee.  When the transfer is from a credit card, they charge
a percentage of the transfer.  Personal accounts are limited
in the amount they can receive.  They operate only in U.S.
funds (they charge a conversion fee for international users).

They just went public the other day (I heard the raised about
$70 million in the IPO).

--
Andrew E. Mileski
Ottawa, Canada
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