A VC: The Credit Card Expiration Blues
It’s issues like this that make me sad PayPal was bought by eBay. I bet the pace of payment/merchant innovation would have kept up if PayPal was independent and forced to compete and grow to stay alive.
Now it seems that PayPal is happy to just be just another available payment option instead of the market leader.
“This credit card expiration thing is a big issue when so much of our commerce goes through stored payment credentials on web services. I must have stored payment credentials on between fifty and a hundred web services at this point. And I have a number of credit cards, a VISA and an AMEX for personal, and AMEX for several of our business entities. So this creates a lot of complexity when my credentials change.”
Source: avc.com
