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Noca - Payments Simplified

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Re: Noca - Payments Simplified

#41

Post by pjg »

pbreit wrote: post #35
pjg wrote: post #30

Earlier quoted context omitted.

@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.

Fair enough. Noca's look and feel is indeed different

Re: Noca - Payments Simplified

#42

Post by latch »

pjg wrote: post #39
dr_ wrote: post #12

At 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…

Is it common that people are paying for online things with checks? (honest question, nothing I do is worth charging anyone for, so I don't know).

Re: Noca - Payments Simplified

#43

Post by amateurguru »

pjg wrote: post #37
amateurguru wrote: post #33

Can 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"

Thanks! I will.

Re: Noca - Payments Simplified

#44

Post by gst »

@pjg: Do you accept customers having a TPPA (Third Party Payment Aggregation) business model? What are the requirements in order to be accepted as customer?

Re: Noca - Payments Simplified

#45

Post by rdl »

This is a useful payment offering. However, I'd still offer Google Checkout, Paypal, and Amazon to customers in most contexts, since they're more willing to do a transaction at all -- even if you pay a higher rate, it's better to have the transaction happen. Maybe offer this in addition, but I always feel better when I see multiple payment options.

Stripe (http://techcrunch.com/2011/03/28/stealth-payment-startup-str...) is a great option, when they launch.

Square is 2.75% and no fees for card present; 3.5% and $0.15 for card not present.

ACH (checks) can be $0.25-0.50 flat-rate.

Re: Noca - Payments Simplified

#46

Post by gst »

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.

There are lots of bad stories about Paypal, but I've made a different experience today:

Paypal: Used it for years without any problems so far. As buyer and as seller.

Dwolla: Registered an account several weeks (months?) ago. Didn't use it since then. Today I've tried to log into my account and it seems that essentially the account has been locked and I'm required to upload a photo ID in order to get my account unlocked.

So it seems that other payment providers aren't really better than Paypal. I'm glad I don't have any money stored on Dwolla - let's see how they handle the situation.

Re: Noca - Payments Simplified

#47

Post by petemccarthy »

I'm waiting for someone to disrupt the "Card Present" side of the industry. I work for a large Point of Sale software provider and the choices and for Payment Gateways are awful. We need things like Noca and Braintree for transactions in the real-world. Our NextGen product is going to be HTML5 web-based client, but we can't find good Payment Gateway partners with a Restful API. If your out there and and working on this, please let me know. Our customers process billions in transactions.

Re: Noca - Payments Simplified

#48

Post by pbreit »

pjg wrote: post #41
pbreit wrote: post #35

Earlier quoted context omitted.

Authorize.Net is a gateway which seems quite different from Noca. Noca looks more like ProPay, 2Checkout and Stripe.

Fair enough. Noca's look and feel is indeed different

There's a pretty big difference between a gateway and pseudo-merchant account provider.

Re: Noca - Payments Simplified

#49

Post by irengba »

rdl wrote: post #45

This is a useful payment offering. However, I'd still offer Google Checkout, Paypal, and Amazon to customers in most contexts, since they're more willing to do a transaction at all -- even if you pay a higher rate, it's better to have the transaction happen. Maybe offer this in addition, but I always feel better when I see multiple payment options. Stripe ( http://techcrunch.com/2011/03/28/stealth-payment-startup-str…

Offering multiple payment options is just fine. Specifically with the "equal preference rule" being rescinded a Merchant can now offer incentives for a specific payment system.

Google Checkout, Paypal and Amazon payments all require the Consumer to sign-up or already have an account with these services. While a number of Users already have an account with Paypal, Google checkout the majority don't. e.g. in case of Paypal (estimates vary ) but only 1 out of 4 online users in the US has a Paypal account. Would you as a Merchant be willing to loose upto 75% of your users ?

As far Stripe: Not live yet but hopefully will be good

Square: is irrelavant since its for Card Present space primarily. Noca is for the CNP Card Not Present space

ACH for $0.25-$0.50 has been around for decades. Its hasn't taken off because nobody has their routing number and account number handy. Take a look at Noca's check offering, it obviated the need to repeatedly input Routing number and Account number. Basically making ACH easier for the Consumer and hence way different than traditional ACH.

Re: Noca - Payments Simplified

#50

Post by irengba »

jeff18 wrote: post #40

A 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?

There are no hidden charges. Noca stands for No Other Charges Apply. There is a minimum transaction size of $2.00 i.e. Noca will not accept transactions smaller than $2.00. Since the average transaction size should be closer to industry average Noca should be able to work without a per transaction fee. Check out http://www.noca.com/merchant (last question in FAQ)
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