I keep on hearing Foo: Payments Simplified, and yet payments are still complex. Is it perhaps that a lot of what people consider accidental complexity in payments is necessary complexity?
Noca - Payments Simplified
71–77 of 77 posts
Re: Noca - Payments Simplified
#72A 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 is no other fee. (NOCA = No Other Fees Apply). There is a minimum transaction size, currently at $2.00 i.e. Noca will not accept transactions less than $2.00
It was indeed too good to be true. I think you guys should mention that on the site.
It's not really fair to compare yourself to Amazon's micro transaction fees but not actually accept micro-payments.
Re: Noca - Payments Simplified
#73god 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…
@citricsquid International support will come over time. However Noca is more like a better alternative to Authorize.net. Paypal in shopping cart takes the Consumer away from Merchant site and requires the Consumer to have an account i.e. sign-up. Even with Paypal's high userbase only 1 out of 3 or 4 users in the US have an active Paypal account. Not a good idea to potentially loose majority of Payors/Buyers simply 'c…
"International support will come over time."
Hehehehe. That's what everyone says when they're getting into the payment game.
Re: Noca - Payments Simplified
#74Earlier quoted context omitted.
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
You need to stop posting this stuff on HN every time anything payment related comes up.
Re: Noca - Payments Simplified
#75Earlier quoted context omitted.
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).
I can tell you (from looking at real world stats) that only 1% of people use eCheck when paying through PayPal.
So it's kind of irrelevant.
Re: Noca - Payments Simplified
#76What about WePay!? 3.5% flat fee. Supports international payments. Dead simple API. No merchant account required! Plus, it's only 50¢ for e-checks vs Noca's 1.49%. https://www.wepay.com
Looks good, but WePay lacks a number of features found in PayPal, such as recurring payments (aka subscriptions).
Re: Noca - Payments Simplified
#77This looks like a good service, but I still really haven't found anything that is even close to as easy and simple as Stripe.
I am in Australia so have to watch from afar, but I am really keen to see exactly how Stripe operates. As far as I can work out (I obviously don't have a login) part of what will make them brilliant is they enable you to accept payments in minutes, I.e don't require you to hold a merchant account / create one for you. Is this correct? Keen to know more as PayPal are really the only other service that do this and thei…
Sorry about the late reply, but yeah, that's entirely correct. It's pretty sweet.