The Forbes headline seems to say WePay is backing or at least somehow rooting for Occupy Wall Street.<p>It's a misleading headline. OWS is using WePay for donations, and WePay didn't shut down the OWS accounts, omg the controversy.
I would love to see more services like this accessible outside the US. If PayPal is the 800 pound gorilla in the US it is the 1000-pound-armour-plated-gorilla-with-phasers-set-to-evaporate in Europe.
I'm a huge fan of WePay. My founder and I needed a Java implementation of their api, so we wrote one: <a href="https://github.com/lookfirst/WePay-Java-SDK" rel="nofollow">https://github.com/lookfirst/WePay-Java-SDK</a><p>They are thinking out of the box by providing services that developers need. A well documented API and near real-time feedback with their core engineers. In this regard, PayPal is a joke.
The article states: "[WePay's] ambition: to move beyond what WePay calls the “unstructured economy” to be the dominant way people make payments and buy things online. ...Since WePay can’t yet match PayPal’s brand or awareness, it aims to offer more appealing design, an expedited set-up process and better customer service."<p>If WePay intends to overtake PayPal, I think it will need to do more than that. An "appealing design, an expedited set-up process and better customer service" are easy to replicate.<p>How about thinking out of the box and re-engineering the system? How about focusing on and addressing PayPal's weaknesses? How about creating a system that inherently includes automatic fraud prevention (for both buyers and sellers)? How about minimizing (nearly eliminating) all dispute resolution scenarios? How about extending such protection to the services marketplace (as opposed to just products)? How about creating a truly globalized payments platform (there are several countries where PayPal fails because credit cards are not used or available as the main form of payment)?<p>I am a co-founder of a nascent third party payments aggregator (TPPA) called PayGuard. We are currently building our Beta, and our system addresses all these issues.