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PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

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Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#11

Post by joshontheweb »

PayPal recently turned off my account because I was unable to verify my address with a call to a landline ( don't have one ). I have little faith for their future. This discover partnership is something that should have been done years ago. It's too late now IMO.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#12

Post by paulsutter »

ankeshk wrote: post #5

This news is exciting because it marks the beginning of offline wallet-less transactions. You can go to a store with nothing and end up buying something with your phone number and a pin code. PayPal retains its crown for convenient payments. Making offline payments with your phone number and a pin code indeed seems like the future. Its unfortunate however that PayPal is not vendor friendly.

How is that easier than using a credit card?

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#13

Post by ams6110 »

ConstantineXVI wrote: post #6
podperson wrote: post #3

I think Starbucks are more common than places that take Discover.

AFAIK, McDonald's and Walmart take Discover; McDonald's alone has more locations than Starbucks. That said, I can't remember the last time I've seen anyone use Discover anywhere. Starbucks has far better visibility; they still likely have the marketing advantage.

I use Discover and AMEX almost exclusively for cashback/rewards points.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#14

Post by dedward »

sp332 wrote: post #2

But PayPal still refuses to be regulated like a bank, right? And how long will it be before "PayPal is holding my funds" stories go mainstream?

It's not like banks get a choice - more like lawmakers have yet to force paypal into regulation.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#16

Post by redog »

ams6110 wrote: post #13
ConstantineXVI wrote: post #6

Earlier quoted context omitted.

AFAIK, McDonald's and Walmart take Discover; McDonald's alone has more locations than Starbucks. That said, I can't remember the last time I've seen anyone use Discover anywhere. Starbucks has far better visibility; they still likely have the marketing advantage.

I use Discover and AMEX almost exclusively for cashback/rewards points.

I've used Discover for years and can't really think of a place that didn't take it. I just recently canceled it and have switched to AMEX which I have already found a half a dozen places that don't take it.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#17

Post by rm999 »

freehunter wrote: post #10
X-Istence wrote: post #4

Sorry, but I as one of those 50 million Paypal users will continue to refuse to do business using Paypal unless absolutely necessary for ease of use (sadly there still is no easier way to have people pay me for services besides PayPal from various other countries in the world). I don't trust them with my money, and I certainly don't trust them to handle it correctly.

Yeah, I only use PayPal for overseas transactions as well. I don't trust PayPal, but I trust overseas businesses less and sometimes its the only way to make a transaction.

I'm the same way. What sucks is overseas is riskier, and I got frauded three times in two years. So Paypal permanently banned me from their service.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#18

Post by drumdance »

e1ven wrote: post #15

Part of where I get confused here, is that Paypal already has a debit card... Given the prevalence of places that accept debit cards to buy things, how is this a revolution? https://personal.paypal.com/us/cgi-bin/?cmd=_render-content&...

They offer a debit card, but I don't know what the uptake is. I've had a Paypal account since they first launched and have never had any interest in getting a debit card.

Re: PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover

#19

Post by dr_ »

this is wrong. Only because it's not that different from most payment mechanisms already in place. Squares goal, it seems, is to allow vendors to build a better relationship with their customers, which can hopefully increase sales. In the longer term, it's a software play and I think Starbucks realizes this. PayPal is just another method of paying for your stuff and leaving the store, maybe never to return.
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