PayPal Shows Off New Store Payments Plans

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PayPal Shows Off New Store Payments Plans [allthingsd.com]

What stood out was that none of the scenarios required merchants to adopt new infrastructure or buy new terminals. Likewise, customers won’t be required to upgrade their phones or have certain bank accounts.

Instead, PayPal users (of which there are 100 million worldwide) will be able to pay by entering a phone number and a pin code at the existing payment terminals, or by swiping a PayPal-issued card that’s not associated with a bank and does not have an account number printed on the front.

[BeeDeeDubbleU]

Very interesting.

(and there are still people who say that Paypal suggest amateurism) ;)

[CPC_Andrew]

This is really cool! Anything that helps consumers feel safe and buy online is a win for ecommerce merchants. Excellent.

[jwolthuis]

To be clear, the article is referring to PayPal payments for brick'n'mortar stores. The article doesn't mention changes to online payments.

I wish PayPal luck. They appear to be working on a solution for something that isn't broke. I use a debit card / PIN today at the grocery, and it works great. I doubt I'd substitute my public phone number for the card.

[CPC_Andrew]

Crap. If only you could enter a phone number and pin online to make a purchase...

[jwolthuis]

Nope, gonna hafta still enter your email and password. Way too many extra keystrokes. <sigh>

[CPC_Andrew]

The insanity.

[dpd1]

The third scenario is cool if it works. But seems like it would come down to the stores. Obviously they would have to put all kinds of extra infrastructure in place, to be able to do that. So depends on whether it's cost effective, and how much of a selling point it would be.

I find the comments people made at the bottom comical. I think PP has almost reached an urban myth status at this point... It's like, people come out of the womb hating them. lol It's kind of silly. For some reason people just love making them a punching bag. The card companies are charging every one of their customers an obscene fiance charge percentage each month... Nobody has a word to say about them... It's just all about evil PayPal. lol

[BeeDeeDubbleU]

I find the comments people made at the bottom comical.

Yes, I liked this one ...

Its a marginal service that will get its ass handed to it by the likes of Google and Visa, and thankfully so!

<shakes head>

[piatkow]

The card companies are charging every one of their customers an obscene fiance charge percentage each month... Nobody has a word to say about them

Really? Every card that I have ever had has been free as long as I paid the balance off every month.

I don't see the point, cards provide a standard payment format so that customers don't care which processor the merchant is using and the merchants don't care what card the customer is using.

[dpd1]

I never said I think theses new ideas are earth shattering or anything... I'm just commenting on the hysterical hatred towards PP. Yes, no finance charges on cards IF you pay them off. How many people do you think do that? And the ones that don't get hit with a huge rate, even if they have perfect credit. I'm just saying... People who don't even use PP hate it with a passion. But I would bet you that many of those same people are getting hit with a minimum 18% rate each month on their cads, and they don't have a word to say about that. Just seems a little irrational.

[piatkow]

I object to being forced to create a Paypal account in order to pay with my own credit card. Why the **** should a merchant force me to open an account with his payment processor? Finally they have changed their system but I still have to fight my way through a series of screens tryig to make me log in to an account that I never wanted.

I don't hate them, but my experience as a user makes me believe that they are just a bunch of (expletive deleted) useless cowboys. Its going to take more than a few posts here by PP fanboys to counter my real life experience of their "service"

[incrediBILL]

I used to really poo poo Paypal mostly because of the association with eBay but a couple of years ago I quit ignoring my customers and added it as an option and was pleasantly surprised that my sales increased quickly and Paypal became 33% of all payments in no time.

Mostly people my regular payment processor declined on AVS issues, mostly from other countries, suddenly paid with ease, I was feeling pretty stupid for not doing it sooner.

I think their service is great in the 3 years I've been using it so far as a merchant and surprisingly they gave me a Paypal credit card with a pretty high limit without even asking, just had to say YES!, think I only used it once. ;)

I'd definitely use Paypal to pay in a store mainly because it's not my real debit checking or CC account and if fraud happens I'd rather it not be my actual banking accounts involved.

What people that object to using Paypal vs direct CC sales don't get is your actual CC is protected from fraud, if you've ever had your CC cloned, and I did once, you'll appreciate that fact when Paypal saves your bacon from getting your CC involved in some interstate mess like what happened to me once.

Make me login, make me type a pin, I'll opt for a little inconvenience over the horror of CC theft any day and so would anyone else it's ever happened to as well.

[Leosghost]

For your delectation..
[theregister.co.uk...]

[dpd1]

I object to being forced to create a Paypal account in order to pay with my own credit card. Why the **** should a merchant force me to open an account with his payment processor? Finally they have changed their system but I still have to fight my way through a series of screens tryig to make me log in to an account that I never wanted.

Dude... You're proving my point. lol That stopped being the case years ago. You can pull right up and use a card, and not have any account at all. They don't even ask you if you want an account anymore. Credit card choice comes right up on the very first payment page. I've been on some regular processing based sites that were way more difficult.

[Leosghost]

lol That stopped being the case years ago. You can pull right up and use a card, and not have any account at all. They don't even ask you if you want an account anymore. Credit card choice comes right up on the very first payment page.

That depends very much upon which country you are in, most don't get offered the "choice" it's a "paypal account or you can't pay" ..applies to most of Europe .

[dpd1]

Are you sure about that? I've had people pay from Europe with PP that don't have accounts, many times. That's my #1 method of paying for int. sales, and I wouldn't have it any other way. It has been bullet proof. Zero scams.

[Leosghost]

I'm in Europe..France..some sites offer me pay by paypal ( and no pay by credit card only on offer when I reach paypal )..many friends and contacts in other European countries tell me the same..

And frequently in sites where paypal have offered the pay direct by credit card option without having an account ..the offer has changed to paypal only ..and sometimes it changes back to both options ..and then changes again..

Doesn't really bother me..just sayin' ;-)..they are inconsistent on their "offer"..I have more than one account with them ...merchant and personal ..

[BeeDeeDubbleU]

This may be because the "account optional" is a setting selected by the account holder and by default it is turned off. The account holder has to turn it on. It's just a simple account preferences change but many people are not aware of this.

[Essex_boy]

BeeDeeBubbulU: Im relooking at Paypal, yes it seems to me as being mom and pop payments systems but bigger firms are taking them as payment now....

On eting Ive noticed about Ppal is teh customers, they frequently email about customer services good or bad which is a major help.

[dpd1]

This may be because the "account optional" is a setting selected by the account holder and by default it is turned off. The account holder has to turn it on. It's just a simple account preferences change but many people are not aware of this

Yeah, I think that's what's going on. Now, if you're a seller ONLY using PP, and you don't turn that on. Well then, yeah... That's probably not so bright.

[topr8]

I don't see the point, cards provide a standard payment format so that customers don't care which processor the merchant is using and the merchants don't care what card the customer is using.

actually i'm sure i'm on different rates for different cards, eg. VISA corporate, Visa personal, etc. etc (also of course it is much preferable to take a debit card than a credit card)

[BeeDeeDubbleU]

PayPal must be doing something right.

[shopping.paypal.com...]