GreenZap (Pink Sheets: GZPI) is an online buying an spending account service that competes with PayPal. GreenZap launched on April 2, 2005 and allows members to send and receive money online, through their email address. The ultimate beneficial owner of GreenZap is reported to be Damon Westmoreland, who was reportedly associated with ThePayline.com, a widespread Internet financial pyramid. Another report states that the ownership of GreenZap is unclear because the company has not registered to do business in California, where its mailing address is located in a postal box within a grocery store, and because the company's official phone number is a mobile phone.