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Noca - Payments Simplified

noca.com

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Re: Noca - Payments Simplified

#21

Post by ary »

citricsquid wrote: post #11

god damnit no. the issue is NOT rates, the issue is NOT security, the issue is NOT how "nice" the company is, the issue IS international support. Paypal are "winning" and will forever "win" because they support EVERYONE . Finding a person who can't use Paypal (who is over the age of 18 and isn't a previously terminated customer) is very hard because it supports (almost) EVERYONE yet these "new" "paypal killers" don't…

I hear you. Though you have to admit that Paypal's heavy-handed "fraud protection" is a big part of why people want a viable competitor.

Re: Noca - Payments Simplified

#22

Post by pjg »

thinkcomp wrote: post #15
callmeed wrote: post #13

Earlier quoted context omitted.

Interesting. If that's truly the case, I'd try and shop this to a bank (Chase?) that could help clear those hurdles and let them run like a startup still.

Never going to happen. Chase just launched its first person-to-person payment platform. It's terrible. Despite being for Chase customers only, it's not even real-time. How long did it take them to build it post-PayPal you might ask? Twelve years.

Google "c2it" it was a P2P competitor launched by Citibank circa 2000 to take on Paypal. Never went anywhere. So I generally agree that Chase's attempt (combined with Wells and BoA - which I believe are other two banks in the consortium called ClearXexchange ) is unlikely to succeed unless they have some "out of the box approach"

Re: Noca - Payments Simplified

#23

Post by dangrossman »

ary wrote: post #21
citricsquid wrote: post #11

god damnit no. the issue is NOT rates, the issue is NOT security, the issue is NOT how "nice" the company is, the issue IS international support. Paypal are "winning" and will forever "win" because they support EVERYONE . Finding a person who can't use Paypal (who is over the age of 18 and isn't a previously terminated customer) is very hard because it supports (almost) EVERYONE yet these "new" "paypal killers" don't…

I hear you. Though you have to admit that Paypal's heavy-handed "fraud protection" is a big part of why people want a viable competitor.

Compared to my own experiences with even normal merchant account providers, and what I've read of 3rd party processors like 2Checkout, and looking at the state of payment processing for adult sites... if the same people that use PayPal and had problems with fraud were to go anywhere else, they'd probably find it even worse. You only hear about PayPal because it's so ubiquitous with 232 million accounts, so many of them with no other experience with any other method of accepting payments.

Re: Noca - Payments Simplified

#24

Post by pjg »

thinkcomp wrote: post #6

I know PJ, who runs Noca. He's been working on it for several years (it used to be called Paybl). Unfortunately it suffers from the same problems as every other payment system in California that is regulated by the Money Transmission Act, which is to say it's basically illegal as of July 1. Then again, maybe he's changed the business model in some way I'm not aware of. See... http://www.quora.com/Aaron-Greenspan/In-F…

@Aaron (and others who want to change the current payments landscape):

Noca is more of competitor to Authorize.net than it is to Paypal.

"Paypal competitor" headline was written by Techcrunch - not by Noca. As anyone who has been "Techcrunch'ed" knows they don't get to say what they want but instead what Techcrunch wants to about them (No complaints here - I was aware of this when I talked to Techcrunch)

Unfortunately I have little control on how to steer information about my company once the "buzz" has been created.

I will regardless continue to do what I believe in i.e. Build a payment system that doesn't suck! I have been doing it for a while and the opportunity simply keeps getting bigger.

Noca did start with Check payments, however we've pivoted to doing Credit Cards (the reason/explanation is long, maybe I'll post it sometime )

About the Money Transfer licenses - it's not required for Credit Card transactions. Also for "Check" transactions there are limitations and exclusions. If we need to operate without restrictions we will need Money Transfer License, but can operate within restrictions

Re: Noca - Payments Simplified

#25

Post by pbreit »

Pretty spammy submission. The previous title was "Real competitor to PayPal is here - Noca.com" and it links to a "Fees" page that provides little support (for starters, PayPal is generally less expensive).

The new title "Noca - Payments Simplified" is not much better considering the link is still to the fees page and Noca does not seem simple at all (ex: the signup page is painful).

Finally, the service doesn't appear to be new.

Re: Noca - Payments Simplified

#27

Post by pjg »

jacques_chester wrote: post #7

> For Secure Check(tm), the merchant needs to have a business checking account in a bank in the United States. And consumers can only pay with a checking or savings bank account with a bank in the United States. Currently for VISA/Mastercard Consumers can pay with Visa/Mastercard issued by a bank in United States. We are however opening up to accepting International cards/Checks soon. So basically, no, this isn't a r…

When Paypal launched is did not do "foreign" accounts. We're still in early stage.

But more importantly Noca is more of an alternative to Authorize.net than Paypal (the "Paypal competitor headline came from Techcrunch - not from Noca )

Re: Noca - Payments Simplified

#28

Post by JoshTriplett »

dangrossman wrote: post #23
ary wrote: post #21

Earlier quoted context omitted.

I hear you. Though you have to admit that Paypal's heavy-handed "fraud protection" is a big part of why people want a viable competitor.

Compared to my own experiences with even normal merchant account providers, and what I've read of 3rd party processors like 2Checkout, and looking at the state of payment processing for adult sites... if the same people that use PayPal and had problems with fraud were to go anywhere else, they'd probably find it even worse. You only hear about PayPal because it's so ubiquitous with 232 million accounts, so many of th…

It's a difference in expectation. PayPal tips the balance incredibly far in favor of the person spending money, to the point of royally screwing people who receive money, because far more of the former exist and the latter want to get paid. People don't just want another PayPal, they want something less broken. We could do with some decently balanced payment systems, as well as a few "caveat emptor, all sales final" systems, but all of them have to get traction with the people spending money and those people don't see any problem with PayPal.

Re: Noca - Payments Simplified

#30

Post by pjg »

pbreit wrote: post #25

Pretty spammy submission. The previous title was "Real competitor to PayPal is here - Noca.com" and it links to a "Fees" page that provides little support (for starters, PayPal is generally less expensive). The new title "Noca - Payments Simplified" is not much better considering the link is still to the fees page and Noca does not seem simple at all (ex: the signup page is painful). Finally, the service doesn't appe…

@pbreit

Compare it with Authorize.net not Paypal (as I have said in my earlier posts, the "Paypal competitor headline was written by Techcrunch - not Noca )

It will take you a month or so on an average to setup an account with Authorize.net (if you are a small entity ). The signup form that we have at Noca will give you virtually instant sign-up

Plus did I tell you our API doesn't suck. (It's not perfect yet, we are working out some kinks but basically accepting payments should be simple and easy for any entity launching on the web - something that incumbents don't do )

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