MONEY: TDBANK launches an expensive and slow PayPal competitor

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With Person-to-Person Payments, you can send money to anyone in the U.S., directly from your TD Bank account. 

Pay rent, split a dinner bill, or send a gift with ease with Online Banking.

See how easy it is to make a payment.
Send money now
Explore the benefits
Access Person-to-Person Payments by logging in to Online Banking – an easy, secure way to:
Send money. Pay anyone with just an email address or mobile phone number.
Request payments by text or email.
Include an e-card or personal message!

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Paypal is instantaneous in its P2P service and free.

So why would you come to market with a competitive service that is slow and costly? (1 day xfer for $7 and 3 day for $1)

Makes NO economic sense.

And how is that TRULY putting your Customer FIRST?

TD would have been better striking an affinity deal with PayPal.

If you want to try it, you can send me money … free!

Reminds me of when Soupy Sales

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On January 1, 1965, miffed at having to work on the holiday, Sales ended his live broadcast by encouraging his young viewers to tiptoe into their still-sleeping parents’ bedrooms and remove those “funny green pieces of paper with pictures of U.S. Presidents” from their pants and pocketbooks. “Put them in an envelope and mail them to me”, Soupy instructed the children. “And I’ll send you a postcard from Puerto Rico!” [20] Several days later, a chagrined Soupy announced that money (mostly Monopoly money[21]) was unexpectedly being received in the mail. He explained that he had been joking and announced that the contributions would be donated to charity. As parents’ complaints increased, WNEW’s management felt compelled to suspend Sales for two weeks. Young viewers picketed Channel 5. The uproar surrounding Sales’ suspension increased his popularity. Sales described the incident in his 2001 autobiography Soupy Sez! My Life and Zany Times.

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My line would be “I’ll send you a post card from Aruba!”

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