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.
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