Wednesday, November 7, 2007

Make billions allowing people to transfer cash online

A few years ago, there was no way you can give your friend money online. Paypal's founder realize the opportunity and started Paypal. It's an online payment processing website. You can give and receive money from anyone with an email address. The founder sold the company to Ebay auction website for over 1 billion dollars. Paypal uses email address as a key and allow people to pay each other using credit card, and bank account.

Problem: Not able to transfer money online
Idea/Solution: Email address + Credit card + bank account ==> Paypal payment system
Site: http://paypal.com

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