Tip Off Warriors. Visa May Be Paypal Competitor in 2013

22 replies
Anyone seen the new Visa service that's being build towards becoming a paypal competitor?

I think if anyone has a chance at competiing it would be them but at the same token, not sure if they really will try to become and on-line bank.


The official site: http://www.V.Me

there is also a site for business sign up ! Scroll to bottom of page

or use my link - https://business.v.me/developer/v.business/login

I plan to try this out eventually.

I can't imagine Paypal being more trusted globally than Visa. Definitely welcome this. It may not be new to all but it's definitely hot news right now.-
#paypal #tip #visa #warriors
  • Profile picture of the author emini_guy
    Originally Posted by CBusiness View Post


    I can't imagine Paypal being more trusted globally than Visa. Definitely welcome this. It may not be new to all but it's definitely hot news right now.-
    I welcome this too even though I have been overall happy with Paypal. More options are good, though.

    Thanks for sharing.
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  • Profile picture of the author Murphysmurfy
    Nice, but paypal still had its ties with EBay, so for the non-IMer I don't see it as a major competitor.

    But, who knows? It is Visa...
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  • Profile picture of the author kingofthesouth
    Checking it out right now. Other payment alternatives are always good in my opinion.
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  • Profile picture of the author Mike Hill
    Correct me if I'm wrong but currently you cannot sign up for a business account. I can;t seem to find the link to register my business account on the actual business account page. There is just information about it
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by Mike Hill View Post

      Correct me if I'm wrong but currently you cannot sign up for a business account. I can;t seem to find the link to register my business account on the actual business account page. There is just information about it
      The business accounts works in conjunction with your merchant account, so if you don't have a merchant account, it won't be an option.
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      • Profile picture of the author Mike Hill
        Originally Posted by sbucciarel View Post

        The business accounts works in conjunction with your merchant account, so if you don't have a merchant account, it won't be an option.
        Ah seen...
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        • Profile picture of the author vicdublin
          If Visa is out to compete with Paypal, That would be an interesting move to see as the service users tends to benefits most from any sort of competition. it's worth a follow up.
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  • Profile picture of the author johndetlefs
    There are a couple of competitors coming out with PayPal like options.

    There is going to be a real battle around smart phone NFG and cc swipe technology and the battle to win the little guy's business is going to be huge in 2013-14!

    Personally I can't wait. If nothing else it'll force PayPal to play a little nicer.
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  • Profile picture of the author Corey Geer
    PayPal needs a major competitor so if it'll step up and go to war with the amount of scammers on there.

    I've never had a problem personally and whenever someone tries to dispute work immediately after I send it in because they're cheap douche bags, I call them up and it gets fixed immediately.

    Unless I get a foreigner on the customer support.. then I usually hang up and call back, too many frustrated phone calls to go through that.
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  • Profile picture of the author vikashmunda
    Banned
    Originally Posted by CBusiness View Post

    Anyone seen the new Visa service that's being build towards becoming a paypal competitor?
    Internet has always been Come First Get First basis paypal has been used globally and it will be hard to shift his position from the top for any new service even if it's from "VISA".

    Small to large many online sites rely upon paypal for payment let see where it goes.
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  • Profile picture of the author talfighel
    There are a few competitors out there that some of us don't even know about.

    It is going to be very interesting to see if Visa gets even close to PayPal.
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    • Profile picture of the author vikashmunda
      Banned
      Originally Posted by talfighel View Post

      It is going to be very interesting to see if Visa gets even close to PayPal.
      The most powerful competitor of paypal is skrill (Formerly Money Bookers) and that too is way behind of paypal.
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      • Profile picture of the author johndetlefs
        Originally Posted by vikashmunda View Post

        The most powerful competitor of paypal is skrill (Formerly Money Bookers) and that too is way behind of paypal.
        Visa has some pretty deep pockets, and you've gotta figure that MC is going to jump into that market as well?

        If either of them do more than dunk their toes in the water then they'll have more than enough cash to take on Paypal.
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  • Profile picture of the author Chris Worner
    PayPal ain't going anywhere, they have a serious advantage when it comes to experience with processing payments from over seas and dealing with the risks involved in cross border/country transactions.

    Something most would be online processors don't have.

    -Chris
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    • Profile picture of the author johndetlefs
      Originally Posted by Chris Worner View Post

      PayPal ain't going anywhere, they have a serious advantage when it comes to processing payments from over seas and dealing with the risks involved in cross border/country transactions.

      Something most would be online processors don't have.

      -Chris
      I assume that you're not talking about Visa and MC here? I suspect that they have a some small idea on how to handle cross country transactions?

      From Wikipedia:

      In 2008, according to The Nilson Report, Visa held a 38.3% market share of the credit card marketplace and 60.7% of the debit card marketplace in the United States.[4] In 2009, Visa’s global network (known as VisaNet) processed 62 billion transactions with a total volume of $4.4 trillion.[5][6]

      $4.4 Trillion???

      I think they've got Paypal covered.
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  • Profile picture of the author Jtraits
    didn't hear about this up until now .. but then again, as it was stated above, the ebay has paypal ... on the other hand, if they see that this thing with visa works, they will also get this too
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  • Profile picture of the author mrelk159
    This will be interesting, we will see what paypal does.
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  • Profile picture of the author thebitbotdotcom
    Well its about time...Paypal needs a solid competitor.

    Additionally, Facebook is getting into external ads to give Adsense a run for its money.

    Both of these are starting to make 2013 + more and more attractive with respect to online marketing.

    Now all we need is for a search engine alternative to start giving the Google index the heat it deserves and we will be in a much better position than in 2012.
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  • Profile picture of the author seasoned
    When I first found out about the technical side of credit cards, about THIRTY years ago, I thought WOW, what IDIOTS! VISA, and other credit card companies, were using 15th century technology!!!! SERIOUSLY, I don't think you could even call a PERSON! NO COMPUTER, NO PHONE, CERTAINLY NO internet!

    OBVIOUSLY, they would have gone out of business LONG ago. After all, a lot of people would have failed with the drafts, etc.... Merchants probably wouldn't take them, and consumers won't bother to gt a card that can't be used anywhere.

    So what happened? PROCESSORS got involved! THEY are the ones merchants generally call. THEY are the ones that setup the network on the back end. And THEY got together with some manufacturers. AGAIN, they mostly made some mistakes, but SOME processors, like NOVA, DO have internet gateways!!!!!!

    OK, some manufacturers started manufacturing equipment to hook up to the processing network the processors set up. THESE are those machines they used in the 80s and 90s and some still use. They didn't use the internet.

    OK, but STILL, NO internet access!!!!!! So Cyber cash, authorize.net, and maybe a couple others, filled the void! THEY stared the internet connectivity.

    STILL, it was too complicated. Things seemed secretive, etc.... So companies like PAYPAL popped up!

    SO..... Should the government at this point even LET visa create a virtual monopoly which could put the processors, machine manufacturers, gateways, and internet apis(for want of another term) out of business? They created effectively 3 cottage industries because they were too lazy and/or too dumb, let each run FULL BORE for a decade or more, and collectively for perhaps 50 years, and NOW they want a piece of the pie?

    Steve
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  • Profile picture of the author sbucciarel
    Banned
    This doesn't appear to me to be even close to a competitor. You can't open a business account unless you have a merchant account. This is just another Google Wallet type of thing.
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    • Profile picture of the author marketinguk
      Originally Posted by sbucciarel View Post

      This doesn't appear to me to be even close to a competitor. You can't open a business account unless you have a merchant account. This is just another Google Wallet type of thing.
      Thanks for that Suzanne, I couldn't work out if it was just me or if you couldn't open a business account with them yet. The answer is like you pont out that you need a merchant account first.

      Thus as far as i'm concerned this won't even come into my radar and i'll carry on using Paypal who have always given me great support, reliability etc. I for one am not looking anywhere else and this certainly doesn't change that for me as I don't have a merchant account.

      Joel
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  • Profile picture of the author Tim Franklin
    One of the things that I think about in the micro payment market is the very real fact that Paypal, is not really entirely "friendly" to the IM market. When you look at the way the sales process works, you still see these very "un-friendly" (pop-up dialog messages) which state, (this may not be secure) but you need to redirect the page so that you can communicate with paypal and provide a consistent user experience.

    Yet, your customer is looking at your website and saying why is this website not secure?

    (it is a bad situation, when your payment processor, refuses to provide a secure method of using the IPN system) that bothers me and I suspect that paypal could if they choose to do so create a better method of integrating payment information and notification preferences.

    For that reason alone, I can see other competitors moving into the market.
    The simple fact is that when you leave space in the market and you do not fulfill the need your customers have, someone else will do it for you.
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