PayPal files into the storage business
These days, everyone wants to store your files, from Google to Yahoo to AOL and Amazon.com. Now eBay, through its PayPal subsidiary, is getting into the act. PayPal is offering DropBox, a secure online file-storage feature, to merchants who use PayPal to process online payments, TechCrunch reports. BloggingStocks speculates that small businesses could use the feature to store electronic invoices and other sensitive sales-related files.

It's smart for PayPal to limit the feature to its merchant users, as opposed to consumers who just use the service to make payments, since fees from merchants are how PayPal butters its bread. And the more services PayPal can offer merchants that are integrated with its payment features, the less likely they are to decamp for competitive services.
Posted by Owen Thomas 11:36 AM 0 Comments comment | Add a Comment

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.