Bitcoin Forum
June 21, 2018, 11:10:48 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: PayPal ‘Optimistic’ It Will Get A Domestic Payment License in China  (Read 1040 times)
Yankee (BitInstant)
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


Charlie 'Van Bitcoin' Shrem


View Profile WWW
March 16, 2012, 05:07:02 PM
 #1

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

Quote
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 %%%%%%

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
1529579448
Hero Member
*
Offline Offline

Posts: 1529579448

View Profile Personal Message (Offline)

Ignore
1529579448
Reply with quote  #2

1529579448
Report to moderator
Automated Bitcoin Fork Extraction Tool WE DO TOUGH WALLETS: BCH | BTG | BCD | SBTC | UBTC | B2X | BCX | BTF Electrum 2FA, Trezor, Ledger, SegWit, Bech32
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Nicolai Larsen
Sr. Member
****
Offline Offline

Activity: 331
Merit: 250


Earthling


View Profile WWW
March 16, 2012, 05:09:37 PM
 #2



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?

BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
MacRohard
Full Member
***
Offline Offline

Activity: 222
Merit: 100



View Profile
March 16, 2012, 05:15:24 PM
 #3

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

Quote
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)
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


Charlie 'Van Bitcoin' Shrem


View Profile WWW
March 16, 2012, 05:23:34 PM
 #4

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

Quote
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

Quote
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.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!