Yahoo to Shut PayDirect Service
From Reuters
Yahoo Inc. in November will close PayDirect, its online payments service that aimed to compete with EBay Inc.’s PayPal, the company said.
Yahoo cites too few accounts to justify 4-year-old PayDirect’s operation.
Yahoo said PayDirect will be available until Nov. 22, but that users will not be able to create new accounts or send or receive money from people who are not current PayDirect customers.
Users can view records and withdraw funds until Feb. 15.
