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accept credit card on iphone - PAY PAL kiss of death?

Old 05-28-11, 06:08 PM
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accept credit card on iphone - PAY PAL kiss of death?

I am glad that you can accept CC on iphone soon, got to jump over a few hurdles but that will be great. I think this is finally the beginning kiss of death of pay pal. I was wondering the other day how pay pal's still #1 after all these years, when it is essentially just a middle man between your bank and other companies. Dealing directly with others using CC is ideal! Do you think pay pal is finally gonna collapse? That'll be my super bowl, man, pay pal screwed me so many times.
Old 05-28-11, 07:12 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

Paypal has just sued Google over their mobile payments system, claiming they stole trade secrets. Paypal is not going down without a fight.
Old 05-28-11, 08:38 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

We'll see what happens. The only time I ever use PayPal is when I get something off ebay, which is very rare nowadays.
Old 05-28-11, 08:54 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

You dont pay any fees to square? And by using square you are somehow immune to chargebacks?
Old 05-31-11, 09:39 AM
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Re: accept credit card on iphone - PAY PAL kiss of death?

Square is 2.75% using their proprietary scanner or 3.5% + $0.15 per transaction when you manually input the CC info.

It's not going to kill Paypal anytime soon because of how deeply Paypal is entrenched with eBay and other online retailers, but it will make things easier for people who sell at yard sales, conventions, flea markets, door to door, etc.
Old 05-31-11, 12:58 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

I like Square, amongst other things a 2.75% fee is much lower than taking cash out of your credit card directly in the event of a rent emergency.

That said, PayPal is still incredibly handy for online purchases.
Old 05-31-11, 02:03 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

the biggest problem with paypal was you had a bunch of business newbies who tried to compete on price start whining about charge backs when real businesses have dealt with these issues for years
Old 05-31-11, 02:39 PM
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Re: accept credit card on iphone - PAY PAL kiss of death?

Last week Chase, BoA and Wells Fargo announced a new system that basically cuts Paypal out of the loop. For now it is only for members of those banks, but they plan on opening it up to other banks in the next year.
Old 06-01-11, 09:20 AM
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Re: accept credit card on iphone - PAY PAL kiss of death?

as long as there is ebay, there will be paypal
Old 06-01-11, 09:26 AM
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Re: accept credit card on iphone - PAY PAL kiss of death?

Why does adding a physical element signal the death of PayPal? That's a step backwards, not forwards.
Old 06-01-11, 10:40 AM
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Re: accept credit card on iphone - PAY PAL kiss of death?

Originally Posted by twikoff View Post
as long as there is ebay, there will be paypal
Since ebay owns paypal, I'm going to have to agree.

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