PayPal ‘Optimistic’ It Will Get A Domestic Payment License in China

[Yankee (BitInstant)]

http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/

The company says it is “cautiously optimistic” that it will become the first non-Chinese company to get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.

I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a no chargeback merchant account

Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%

[Nicolai Larsen]

Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%

People who fall for Paypal's lovely charm?

[MacRohard]

http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/

The company says it is “cautiously optimistic” that it will become the first non-Chinese company to get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.

I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a no chargeback merchant account

Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%

Most likely so that they can accept payments from Americans and Europeans...

[Yankee (BitInstant)]

http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/

The company says it is “cautiously optimistic” that it will become the first non-Chinese company to get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.

I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a no chargeback merchant account

Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%

Most likely so that they can accept payments from Americans and Europeans...

They can already do that

get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.