Your correct on some part. BTW, I am just a supporter hoping to publish their ICO here on BTT since there's no official ANN post for them. They will act just like paypal or stripe, but in cryptocurrency.
I looked at the site. So this thread isn't about feedback and suggestions but an ANN thread in disguise?
The project's goal will be phenomenal if it can reach the mainstream.
Although this isn't the first, as long as they can stick to their roadmap and with the right advertising, success will follow.
#3, for me, online payments must be done
offchain (via services like coins or exchanges) to avoid delays especially at high network load.
This can make zero transaction fees too because there will be no coins going out and in their system, or they're just doing this in the background but only claiming that we need fees.
Otherwise, cryptocurrencies alone can be used without these type of services as long as the online stores are accepting them.
So what's the point of being the broker if it just process the payments on-chain?
Yeah its true they act more likely as a median or a broker, One thing that will lead their success is that if they can reach a lot of eCommerce site to accept and install their API. The focus of paybear right now is to reach as many eCommerce site as possible and not really focusing on Coin offering. And the roadmap seems pretty much possible to achieve.