Competitive Review for Paypal

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Running head: COMPETITIVE REVIEW FOR PAYPAL 1

COMPETITIVE REVIEW FOR PAYPAL 3

Competitive Review for Paypal

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Competitive Review for Paypal

PayPal is a service that was initiated in 1998; its main purpose was to send money and accept payment on a mechanism that was fast, safer and easier to use. On the other hand, PayPal is one popular online paying service that most people find to have transparency with, it is out of this that the fraternity of PayPal has grown with a big rate because it offers flexibility and people are using it for daily services this is as stated by Jackson, (2004). However, there are some threats that are associated with the use of PayPal, and in this paper, I am focusing on the analysis that makes PayPal no effective while using it yet it is a transparent, fast and safe way that people use while doing their business.

The threat of new entrance has been a major issue for most of the customer that are willing to join this federation. Since the technology has advanced in a great way people have become innovative about forming the same web of PayPal and hence hacking people money by this, I mean that the people who are having the desire to join they end up registering to unrecognized PayPal. It is out of this that I would justify that it is simple to duplicate since the technology has advanced. Hence it does not offer transparency while registering. However, they are a regulatory restriction that prevails so that people that have interest in the new market cannot be in a position to sing up I the right PayPal platform Johnson, Scholes, & Whittington, (2008).

As a result, the threat of substance is a risk that is offered by other institution offering the same services that PayPal offer and therefore the completion is high since PayPal has to come up with a new mechanism that will enhance their transparency on service. By this, it simply means that customers should be in a position to do their shopping using these services so that the threat of substance is not enhanced. By doing this, it simply means that PayPal will be in a position to offer a stiff completion in the market hence people will be in a position opt to use PayPal. Also, Threat of Rivals is mainly portrayed when other organizations are in a position to offer a great completion. Hence this means that they should be in a position to come up with new techniques that will serve the customers in a better way by doing this Apple pay and Google checkout will not be in a position to offer the competition that is being offered by PayPal.

References

Jackson, E. (2004). The PayPal wars : battles with eBay, the media, the mafia, and the rest of planet Earth. Los Angeles, CA: World Ahead Pub.

Johnson, G., Scholes, K. & Whittington, R. (2008). Exploring corporate strategy text & cases. Harlow (England: Financial Times Prentice Hall.