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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."
No matter how limited or simple it is at the moment, I'd rather wire money through my friend the ex-Nigerian prince, before using Paypal again.
They aren't thieves, or crooks, but they are a company with HORRIBLE BUSINESS PRACTICES, and go completely unregulated, thanks to lack of oversight from any meaningful government agency.
So yea, any competition in this space is a welcome idea.
Nah, $2-$5 is micropayments. [...] I have no idea where you got $0.05 from.
Get off my lawn:
http://web.archive.org/web/19970601153143/http://www.millicent.digital.com/ (as low as 1/10th cent)
http://www.useit.com/alertbox/20011223.html ("In addition to true micro-payments, some sites might have midi-payments ranging from 20 cents to a dollar, and perhaps even maxi-payments of several dollars.")
Sorry, but I regularly purchase $2 to $5 items on my credit card. Calling that a micropayment is ridiculous.
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