This looks like a good service, but I still really haven't found anything that is even close to as easy and simple as Stripe.
Noca - Payments Simplified
31–40 of 77 posts
Re: Noca - Payments Simplified
#32I 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…
thinkcomp, why the crusade to out every payments related startup with your lay-person opinion that what they are doing is illegal? We wouldn't know for sure until an actual action is brought. As WePay has suggested, there may be ways to conform inexpensively. And other companies may have more appetite for risk, and as PayPal did, wait for success before becoming fully conformant.
Re: Noca - Payments Simplified
#33Can I make deposits to a client account using this? Instead of debiting from the accounts of my users I want to deposit in them (presumably using their account and routing numbers.
Re: Noca - Payments Simplified
#34I 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…
thinkcomp, why the crusade to out every payments related startup with your lay-person opinion that what they are doing is illegal? We wouldn't know for sure until an actual action is brought. As WePay has suggested, there may be ways to conform inexpensively. And other companies may have more appetite for risk, and as PayPal did, wait for success before becoming fully conformant.
Patrick,
Crusade? It affects all of us. Read the law yourself:
http://www.dfi.ca.gov/licensees/moneytransmitters/
If an actual action were brought, PJ (or I or anyone running such a company) could be in jail. But perhaps you're willing to take the risk?
Aaron
Re: Noca - Payments Simplified
#35Pretty 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…
Authorize.Net is a gateway which seems quite different from Noca. Noca looks more like ProPay, 2Checkout and Stripe.
Re: Noca - Payments Simplified
#36PayPal does a number of things (stored value system, aggregation, virtual terminal, etc). I'm not sure how Noca is a competitor at all. Also, this page has a number of inaccuracies. For example, chargebacks don't exist for checks, Authorize.net as a standalone doesn't enable payments at all (it is a gateway, you also need a merchant account, which you could get cheaper than at Noca), etc. It does NOT take months to s…
@pitdesi
I do need to compliment you on deciphering Noca's service - it is more an Alternative to Authorize.net than Paypal (Thank you for pointing it out ). You are correct, Authorize.net is not a gateway but an aggregator (most people confuse them for a gateway) and yes Noca will will provide a similar service much better
About Chargebacks: They do exist for Checks. They're just not called "Chargebacks" instead they are called ACH returns, specifically return code R10 (google "ACH return code R10" )
Its just that ACH i.e. Check payments are not pervasive online hence knowledge about Chargebacks or the ability of the individual Payor i.e. Consumer to initiate a chargeback is generally not known. Unlike Credit Cards, Checks do not have an "800" number printed on the back that the Consumer can call to dispute a payment. However the rules set by the Federal government i.e. the Fed are similar/identical (google "Reg E" or FED regulation 12 CFR 205 specifically 205.6 if you really want to read the rule ). So the issue is more of Consumer interface/UX/UI and Consumer education - something that can and needs to be solved.
Re: Noca - Payments Simplified
#37Can I make deposits to a client account using this? Instead of debiting from the accounts of my users I want to deposit in them (presumably using their account and routing numbers.
Not yet. But our Marketplace solution should be able to provide you with you are looking for. Send an email to "support@noca.com"
Re: Noca - Payments Simplified
#38About -> press leads to a 404.
The video player popup moves with mouse on Firefox 6.
Is there a direct link to the demo video? I couldn't get it to play on the site.
Re: Noca - Payments Simplified
#39At a 3.49% credit card rate, I'm not sure how much of a real competitor it is. No fixed fee helps for smaller sized transactions though.
Notice the rate for Checks its 1.49% Less than half of Paypal's rate. Paypal is able to route approximately 50% of the users to pay using bank accounts which costs almost zero yet they charge the Merchant the same. With Noca the Merchant saves directly when the Consumer pays using Checks so the average rate is much lower than 3.49% (Plus No Other Charges Apply )
(PS: As I posted/mentioned in this thread, Noca is more of an alternative to Authorize.net than Paypal)
Re: Noca - Payments Simplified
#40A flat 3.49% (not even including the 20% discount at volume) for credit cards is substantially better than PayPal and Amazon for micro-transactions.
Is there some kind of hidden fee or limitation I'm missing?