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Author
Topic: PayPal Optimistic It Will Get A Domestic Payment License in China (Read 1166 times)
Yankee (BitInstant)
(OP)
Legendary
Offline
Activity: 1078
Merit: 1001
Charlie 'Van Bitcoin' Shrem
PayPal Optimistic It Will Get A Domestic Payment License in China
March 16, 2012, 05:07:02 PM
#1
http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/
Quote
The company says it is cautiously optimistic that it will become the first non-Chinese company to get a license to process domestic electronic payments both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a
no chargeback
merchant account
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.
More about me:
http://CharlieShrem.com
Nicolai Larsen
Sr. Member
Offline
Activity: 331
Merit: 250
Earthling
Re: PayPal Optimistic It Will Get A Domestic Payment License in China
March 16, 2012, 05:09:37 PM
#2
Quote from: Yankee (BitInstant) on March 16, 2012, 05:07:02 PM
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
People who fall for Paypal's lovely charm?
BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
MacRohard
Full Member
Offline
Activity: 212
Merit: 100
Re: PayPal Optimistic It Will Get A Domestic Payment License in China
March 16, 2012, 05:15:24 PM
#3
Quote from: Yankee (BitInstant) on March 16, 2012, 05:07:02 PM
http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/
Quote
The company says it is cautiously optimistic that it will become the first non-Chinese company to get a license to process domestic electronic payments both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a
no chargeback
merchant account
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
Most likely so that they can accept payments from Americans and Europeans...
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Yankee (BitInstant)
(OP)
Legendary
Offline
Activity: 1078
Merit: 1001
Charlie 'Van Bitcoin' Shrem
Re: PayPal Optimistic It Will Get A Domestic Payment License in China
March 16, 2012, 05:23:34 PM
#4
Quote from: MacRohard on March 16, 2012, 05:15:24 PM
Quote from: Yankee (BitInstant) on March 16, 2012, 05:07:02 PM
http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/
Quote
The company says it is cautiously optimistic that it will become the first non-Chinese company to get a license to process domestic electronic payments both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a
no chargeback
merchant account
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
Most likely so that they can accept payments from Americans and Europeans...
They can already do that
Quote
get a license to
process domestic electronic payments
both online and via mobile devices. This would be
in addition to a business it already has in the country to process international payments.
Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.
More about me:
http://CharlieShrem.com
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