It looks like PayPal is finally getting some competition. GreenZap is now taking pre-registrations for their Summer 2005 launch. Pre-register now and your account will start with a $25 balance.

Better yet, pre-register through the link above and I'll get a $5 referral bonus too! Woo hoo!

Even without the free start-up and referral cash I'm keen on a non-eBay-owned money transfer system. And since they're just starting up there's the side bonus of 100% less phishing, account theft and fraudulent emails compared to your eBay account. Can't beat that with a stick.