Billpoint was the name of a credit card processing service purchased by online auctioneer eBay in 1998. Billpoint's website was taken offline while eBay integrated Billpoint into their auction service, and it did not debut again until Spring 2000 when it was relaunched as a joint-venture with Wells Fargo bank. In the meantime, online payment service PayPal debuted and became very popular with eBay's customers. eBay and Billpoint spent the majority of the next two years trying to overtake the upstart PayPal but with little success. In July 2002, eBay CEO Meg Whitman struck a deal with PayPal CEO Peter Thiel to acquire PayPal, and when the acquisition was finalized that October eBay began the process of phasing out Billpoint. ...more on Wikipedia about "Billpoint"
The Bogus Escrow scam is a straightforward confidence trick in which a scammer operates a bogus escrow service. ...more on Wikipedia about "Bogus escrow"
eBay Inc. ( ) manages an online auction and shopping website, where people buy and sell goods and services worldwide. ...more on Wikipedia about "EBay"
The eBay description scam is a confidence trick carried out via eBay. Sellers sell worthless items with descriptions carefully written to suggest that they are actually valuable ones. Although similar scams have occurred in markets and retail, usually blocked via a Trade Descriptions Act, eBay remains an easier target: firstly, because it allows description to be entered freely; and secondly, due to the fact that eBay's search is keyword based, it is standard practice for legitimate eBay sellers to "pad" item descriptions with extra keywords in order to attract buyers who may not have entered the exact description of the item. ...more on Wikipedia about "EBay description scam"
PayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee. Corporate headquarters are in San Jose, California; it is now an eBay company. ...more on Wikipedia about "PayPal"
SightSpeed is a free Internet video conference software that uses a proprietary artificial intelligence algorithm to remove unimportant information from images. It claims to be able to transmit 30 frame/s live video over a typical ADSL connection with little time lag. ...more on Wikipedia about "SightSpeed"
Skype (IPA pronunciation: /skaɪp/, rhymes with type) is a proprietary peer-to-peer Internet telephony ( VoIP) network, founded by Niklas Zennström and Janus Friis, the creators of KaZaA and competing against established open VoIP protocols like SIP or H.323. The Skype Group is headquartered in Luxembourg with offices also in London and Tallinn. The system has a reputation for working across different types of network connections (including firewalls and NAT) because voice packets are routed by the combined users of the free desktop software application. Skype users can speak to other Skype users for free, call traditional telephone numbers for a fee (SkypeOut), receive calls from traditional phones for a fee (SkypeIn), and receive voicemail messages for a fee. ...more on Wikipedia about "Skype"
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