Visa Launches PayPal Alternative

An anonymous reader writes "Visa has entered the micropayment processing space with payclick, a pre-paid hosted service that will compete with the likes of PayPal. Payclick is aimed at teenagers purchasing online content like music and games where the value of the transaction is likely to be less than $20. Like PayPal, payclick is an online money repository that people can pay into with a bank account or credit card (Visa or MasterCard) and then use the funds to purchase products online. The service was developed and launched in Australia with a view for global markets. PayPal integration is not there yet, but parents can monitor the amount of funds their under-18 children have to spend online. For e-commerce sites, an SDK is available for payclick integration."

Comments

Re:Careful not to load it up too much

[characterZer0]

I will sell you a paperclip for $4.88 plus shipping. I will wrap it in four one dollar bills; my studies have shown that US currency never fails to protect paperclips from damage in transit.

Re:Careful not to load it up too much

[Anonymous Coward]

I have no idea where you got $0.05 from.

Most likely from the fact that's what micro-payments originally meant. They started as small loans in 3rd world countries to let people start businesses there.

Re:Careful not to load it up too much

[xtracto]

Er excuse me, but I thought micropayments were something like $0.05 or less?

No, that would be centi-payments. Micro-payments is more along the lines of $0.000005
You also have milli-payments $0.001 and nano-payments $0.000000005 or, if you feel like buying RIAA products you also have mega-payments of $5,000,000.00

Re:Alternative?

[Abstrackt]

This service sounds like the Zune of money transfers.