Earlier quoted context omitted.
Competition should generally be looked at as market validation. How many companies have competition and are doing fine?
I had the exact same idea a year ago. Looked for competitors and found one very good looking that provided this service for free, with a great website. That's why I didn't develop it. I hope there's enough demand so that op has success, though.
I don't think you should stop startup up a business because there are competitors.
Competitors don't kill you. Most entrepreneurs kill their ideas themselves.