- Billpoint
Billpoint was the name of a person-to-person money transfer service purchased by online auctioneer
eBay in 1998.citeweb|url=http://www.internetnews.com/ec-news/article.php/1557551|title="eBay Bidding Bye Bye to Billpoint"|author=Beth Cox|date=2002-12-16|publisher="Internetnews.com"|accessdate=2008-03-04|] Billpoint's website was taken offline while eBay integrated Billpoint into their auction service, and it did not reappear until the Spring of 2000 when it was relaunched as a joint-venture withWells Fargo bank.Eric M. Jackson. "The PayPal Wars: Battles With Ebay, the Media, the Mafia, And the Rest of Planet Earth" (World Ahead Publishing, 2006) ISBN 978-0977898435.]During this interval, online payment service
PayPal was launched, rapidly becoming popular with eBay's customers. Billpoint and eBay spent much of the next two years trying to overtake PayPal, but with mixed results.citeweb|url=http://www.news.com/2100-1017-942231.html|title="Billpoint failure a lesson for eBay?"|author=Troy Wolverton|date=2002-07-08|publisher="CNET News"|accessdate=2008-03-04|] In July 2002, eBay CEOMeg Whitman agreed to the acquisition of PayPal with its CEOPeter Thiel . When the deal was closed in October 2002, eBay began the process of phasing out Billpoint.References
External links
* [http://www.paypalwars.com www.paypalwars.com]
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