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Noca - Payments Simplified

noca.com

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Re: Noca - Payments Simplified

#61

Post by dorian-graph »

pjg wrote: post #56
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…

@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…

I'm in Australia and am dying for a good alternative to PayPal.

Re: Noca - Payments Simplified

#63

Post by nikcub »

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.

my theory is that any payment provider that grows large enough will eventually become just like PayPal

when you enable international processing fraud rates spike (double-digit percentages in some countries) and you end up building an agressive fraud protection scheme like PayPal have

the new startups have the advantage of only serving a relatively small less risky market, and being obscure enough not to be a target of fraud groups

these new startups have nice features such as simple API's etc. but I haven't seen anything yet that is revolutionary in terms of technology that will break out of the fraud/blocking cycle

Edit: to add, I am not being dismissive of the new startups, on the contrary I am using Swipe on a new product, and I really do hope that one of these guys nails this space

Re: Noca - Payments Simplified

#64

Post by nikcub »

pjg wrote: post #24
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) Unfortunatel…

Just a tip - bloggers will fill in parts of the narrative that you haven't fed them. Readers love comparisons - 'heroku for x' , etc. and if you don't give them one, they will create one for you

tech savvy ppl may roll their eyes at the comparison headlines and call them out for being lazy - but since readers spend seconds scanning headlines you need something that can be grokked by non-tech users quickly

Re: Noca - Payments Simplified

#65

Post by plusbryan »

pjg wrote: post #58
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 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

Bummer. 99% of our transactions are $1, and so far PayPal is the only merchant that supports this.

Re: Noca - Payments Simplified

#66

Post by pjg »

xtracto wrote: post #54
pjg wrote: post #27

Earlier quoted context omitted.

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 )

> Paypal (the "Paypal competitor headline came from Techcrunch - not from Noca ) So then why is Paypal part of the side-by-side comparison in the linked page?

Comparison is with 4 different providers and comparing just the rates, not the user experience.

Re: Noca - Payments Simplified

#67

Post by chexton »

borski wrote: post #31

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.

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 their increasingly difficult fraud protection barriers must be a result of the complexity of managing such a service.

Re: Noca - Payments Simplified

#68

Post by brlewis »

irengba wrote: post #49
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 Pa…

Got a link about the "equal preference rule" being rescinded? Sounds interesting and I hadn't heard of it. Googling "equal preference rule credit cards" didn't help me.

Re: Noca - Payments Simplified

#69

Post by petemccarthy »

mcherm wrote: post #57
petemccarthy wrote: post #47

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 th…

Watch "square"; they're interesting.

They're an interesting company, but not for these reasons. If someone built a payment gateway in the same fashion of Noca and Braintree, but for "Card Present" transactions, it could make it easy for many independent developers to build their own "Square". That's what's missing in the "Card Present" space.

btw....Square uses Authorize.net

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