Once someone wins the US market, they'll use their treasure trove to enter other markets
Sorry, reality disagrees.
Hardly any of the american Paypal-competitors give a flying fuck about the rest of the world. And many of them have been around for the better part of a decade.
The would-be gorillas 'Amazon Payments' and 'Google Merchant' are US-only and US/UK respectively.
Paypal is still completely dominant in the US. Amazon Payments? Google Wallet? They're no where near even proving better than Paypal in local competition.
Sorry, reality disagrees.
Hardly any of the american Paypal-competitors give a flying fuck about the rest of the world. And many of them have been around for the better part of a decade.
The would-be gorillas 'Amazon Payments' and 'Google Merchant' are US-only and US/UK respectively.