PayPal though "good" and"easy" is still far from what we can call ideal ,owing to its astronomical fees, insane customer services, the infamous account limiting etc.
What do you think can be potential issues if someone set in to build a PayPal like business.
Some issues come to my mind:
- Needs Huge Capital
- Compliance Issues with countries
- Getting Users register for your service
- Answering questions like Why you and why not PayPal? (May be answered readily if you are planning to open it in a country where PP is not already present)
... Fill in with your thoughts please?