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Title: US banking money services competing with PayPal Post by: SMB-2525 on August 08, 2014, 12:07:52 AM It seems the US banking sector is organizing itself to compete with Paypal.
Popmoney participating banks: https://secure2.popmoney.com/richux/faces/base/popmoney/prelogin/searchBank.xhtml BOA, Wells and Chase have a system Chase has its own all of these are currently free to senders and recipients. Is anyone using these services to buy or sell bitcoin (I am interested in buying a bit)? All of these require both parties to register similar to Paypal. The sender sends the money to a registered phone number or email address. Not sure how they work for international transfers. I noticed them when I was preparing to transfer money to a friend. Title: Re: US banking money services competing with PayPal Post by: Jamacn on August 08, 2014, 04:03:15 AM PayPal is US too
Title: Re: US banking money services competing with PayPal Post by: haploid23 on August 08, 2014, 07:54:17 AM These types of online transfers has been around for a while. It's just as unsafe as using paypal when it comes to buying/selling btc.
It's only free if you transfer to someone with the same bank. Otherwise, there are fees higher than paypal. I believe Chase quickpay can ONLY be sent to another Chase account. Title: Re: US banking money services competing with PayPal Post by: Marbit on August 08, 2014, 08:51:13 AM So we're just talking about intra-bank transfers? They've been around quite a while. Chase Quickpay is the worst in regards to chargebacks, from what I've always heard. BOA and WF internal transfers are more difficult to reverse, IIRC and in my experience.
The ideal, if there are bank branches in both localities, is to do a cash teller deposit. There is no possibility of reversal that way. Title: Re: US banking money services competing with PayPal Post by: Sharky444 on August 10, 2014, 11:49:52 AM Google wanted to compete with Paypal, and nothing came out of it.
Title: Re: US banking money services competing with PayPal Post by: cinder on August 10, 2014, 10:30:30 PM Which one is cheaper for international payment and transfer?
And what is the requirement for the receiver in term of bank account? Title: Re: US banking money services competing with PayPal Post by: Mobius on August 10, 2014, 11:20:16 PM So we're just talking about intra-bank transfers? They've been around quite a while. Chase Quickpay is the worst in regards to chargebacks, from what I've always heard. BOA and WF internal transfers are more difficult to reverse, IIRC and in my experience. I would think that most bank transfers (internal transfers) would be more or less the same in regards to charge-backs. They probably need the same kind of evidence to initiate a charge-back. In my experience PayPal has a very low burden of proof for a charge-back. The ideal, if there are bank branches in both localities, is to do a cash teller deposit. There is no possibility of reversal that way. Title: Re: US banking money services competing with PayPal Post by: SanMerryDro on August 14, 2014, 09:48:05 AM Bitcoin will competing both PayPal and all US banks.
Title: Re: US banking money services competing with PayPal Post by: tooil on August 14, 2014, 01:02:14 PM Paypal has Ebay advantage.
Until bitcoin has its own version of auction type platform, Paypal will still reign supreme. Title: Re: US banking money services competing with PayPal Post by: SMB-2525 on August 14, 2014, 01:52:48 PM Paypal has Ebay advantage. Trust continues to be a problem. Paypal includes a form of escrow and chargeback protection. In bitcoin transaction, we use a manual escrow process or trust someone to go first. The lack of trust in the bitcoin world is indicative of the amount of fraud that goes on.Until bitcoin has its own version of auction type platform, Paypal will still reign supreme. |