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Visa To Offer Person-To-Person Payments

Posted by Soulskill on from the time-for-paypal-to-invest-in-some-accountability dept.

angry tapir writes "Visa has announced it is planning a new service that will let US customers send money directly to one another, presenting new competition to PayPal. Visa already lets people send money to Visa accounts in many other countries, but this will be the first time it will offer the service in the US."

1 of 187 comments (clear)

  1. Re:Credit card fees by Maximum+Prophet · · Score: 5, Interesting

    I like the joke, but as the amount of the transfer goes up, so does the risk. (The risk the money won't be repaid, or the risk the transaction is fraudulent) So, yes, it does cost more to send more money. Does it cost exactly what they charge? Not at all, they can charge what they can get away with.

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