Comments on: Sources: PayPal to launch Square competitor

By: Philip Charles Cohen

Philip Charles Cohen — Thu, 15 Mar 2012 16:54:20 +0000

“The Consumerist” is currently running it’s poll to find the “Worst Company in America”. In the first round the contest between PayPal and Capital One is open now, please, vote for PreyPal—now!

http://consumerist.com/2012/03/worst-company-in-america-round-one-paypal-vs-capital-one.html

eBay / PayPal / Donahoe: Dead Men Walking

By: Jon M

Jon M — Wed, 14 Mar 2012 19:46:40 +0000

They may be nailing it right now, but not in the UK. I really hope they launch here soon. Paypal could get a jump by entering markets that Square is not in yet.

By: Frank Tye

Frank Tye — Wed, 14 Mar 2012 18:50:31 +0000

I really doubt that Paypal would offer a 1.99% $0 trans fee option as they would lose money at that price and run the risk of alienating their existing user base. Paypal can offer low rates for web users because they take money from the user wallet first, ACh second and only credit cards as a last resort so their actual costs are much lower. I don’t see how they do that at retail unless they try to link the credit card back to a Paypal account and then use it to take funds from the wallet which defeats the point.

I can see Paypal trying to use their phone number and pin technology on a mobile payment device and merge that together with a swiper but the rates for card swipe only would have to be higher.

By: Kevin

Kevin — Wed, 14 Mar 2012 02:34:42 +0000

As a consumer I won’t use PayPal anymore,I simply don’t trust them. As a merchant look closely, they are not Visa or MC.

By: Philip Charles Cohen

Philip Charles Cohen — Tue, 13 Mar 2012 22:57:14 +0000

Square has nothing to worry about, PreyPal could not hit the side of a B&M barn. Next time you drop into Home Depot, ask the check-out chick if anyone has yet used the wholly eBay-funded roll out of PreyPal to make a POS purchase. PreyPal at B&M is little more than an eBay Dept of Spin-created illusion and is undoubtedly a total waste of eBay shareholders’ funds …

And, just for a laugh, a critique of “The New Way To Pay In-Store” via eBay’s clunky PreyPal.

http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611

eBay / PayPal / Donahoe: Dead Men Walking

By: Ric

Ric — Tue, 13 Mar 2012 16:16:00 +0000

I agree. If you have ever tried to build Web properties using Paypal on the back end the horror stories are universal and never ending. We used it for a social auction site and it was by far the most maddening and difficult process you could imagine with zero support from Paypal. I would warn off EVERYONE remotely interested in a mobile ecosystem to dev with anyone OTHER than Paypal. You will be glad you did!

By: Mariam Bahoura

Mariam Bahoura — Tue, 13 Mar 2012 15:34:11 +0000

I use PayAnywhere’s app and i’ve never had a problem with them. They have low rates and the features are easy to use. I considered Square before, but i really like PayAnywhere’s service. It’s perfect for small business owners. Here’s a link to their site: http://www.payanywhere.com/home

By: Gile Arkinon

Gile Arkinon — Tue, 13 Mar 2012 14:23:23 +0000

I sold a significant part of my baseball glove collection though Ebay over the course of 4 months and was paid thru Paypal, no problemas. That was about $7000 in transactions and 90 different buyers, no snafus.

By: Antanas Valiulis

Antanas Valiulis — Tue, 13 Mar 2012 12:29:15 +0000

Too big to fail? Not in Paypal case. Wait to see they are gone. They still hold my 6000 $ for year now. Will see what California FDI can do about it.

By: Dino

Dino — Tue, 13 Mar 2012 06:32:39 +0000

I think alot of people would agree with you. Just do a google search and read the horror stories. Part of that is because of how long they have been around. I still use PayPal, and luckily have had no trouble.

Good article though. Will PayPal be giving the dongles out free? That was one of the really nice things about square.