I find this company very interesting. The concept is simple and easy to use-- and free.

#1: I SEE NOTHING IN THE SIGN-UP ABOUT GETTING 5,000 MILES FOR USING THE SERVICE. WHERE DO THE MILES COME IN TO PLAY?

#2: HOW DO THEY MAKE MONEY?


Am I reading the article right that the only money them will make will be from the interest during the time of the transaction?

Example:

On January 10th, 2000 I zap 'Jerry' $100.
PayPal charges my credit card the $100 as a merchant purchase. They take the $100 and put in into an interest gaining account.

On January 20th, 2000 'Jerry' requests that the $100 I beamed to him be sent direct deposited to his bank account. PayPal makes the transction.

PayPal, in theory, made their money on the 10 days that the cash sat in their account gaining interest?

What about their costs to charge a credit card-- approximately 3%? What about their costs to make a direct deposit to a bank?