Tip Off Warriors. Visa May Be Paypal Competitor in 2013

I welcome this too even though I have been overall happy with Paypal. More options are good, though.

Thanks for sharing.

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...

Checking it out right now. Other payment alternatives are always good in my opinion.

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

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.

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.

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.

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.

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

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

This will be interesting, we will see what paypal does.

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.

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

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.

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.