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Startup to Take on PayPal
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Written by Daniel   
Monday, 30 July 2007 12:40

Startup to Take on PayPal
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JULY 26, 2007 | A secure electronic payments startup plans to challenge PayPal, but with a twist: It permits transactions for online pornography and gambling, which PayPal does not.

Pmints, which was founded by a graduate student at the University of Virginia's Darden Graduate School of Business Administration, will officially launch its payment services this fall. It's currently beta-testing the payment service.
It plans to peg a demographic of Internet users aged 21 to 35, about 68 million of whom bought adult goods online last year, according to published reports. Pmints will also handle gambling payments outside the U.S., although the practice is illegal here.

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