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PayPal Angling for Mobile Payment Partnership with Apple
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I know a small business owner that does almost $1M a year through Paypal and has had ZERO problems. I know a half dozen friends/family that have had MANY problems with Apple warranties, from lying technicians to different stories from different people on the same day. All companies can have bad Apples (pardon the pun) but I would not try and act like Apple is honorable and Paypal isn't. Thats ludicrous. People that hate Paypal are people who typically did not follow the policies or are practicing sketchy ethics themselves.
Also, remember, Paypal is regulated by the government as a financial institution. Much of what they do is to protect their business from fraud and audits showing they let fraud happen. I would trust my money with Paypal before I would with Apple. IMHO
Also, remember, Paypal is regulated by the government as a financial institution. Much of what they do is to protect their business from fraud and audits showing they let fraud happen. I would trust my money with Paypal before I would with Apple. IMHO
Paypal like the rest of us know Apple is onto something big in the sales/payment arena. And paypal want a piece of the Apple pie. Apple should only do it if Apple get more out of it than paypal will leech out. And if the trust we all have in Apple is not destroyed by paypal.
Or maybe paypal want to pull a google/samsung and learn about Apple's tech in this area then rip it off/clone it. Lets hope Apple's lawyers are already waiting to defend their new ideas in this field.
Or maybe paypal want to pull a google/samsung and learn about Apple's tech in this area then rip it off/clone it. Lets hope Apple's lawyers are already waiting to defend their new ideas in this field.
If Apple has any kind of association with PayPal, I will never trust them with my credit card again. In fact, screwing with my financial and personal info is about the only way they could get me to dump my iPhone and iPad and never buy an app again. I'd probably go with a dumbphone.
And I've been using Apple products since the Apple IIe
And I've been using Apple products since the Apple IIe
cue the Mod that that says you can't post 1 worded responses.
I've never had an issue with Paypal; outside of me forgetting my passwords it's been convenient for me. But I don't understand how this relationship would work though.
With the talks of a possible Square IPO I would imagine that he is interessted in selling, but anyway with Apple's cash pile there is plenty of space for "leverage" and negotiations
I now understand why Apple want to do this
No fees, direct payment and everything on their turf.
My sole worries are security and data/privacy.
I'm pretty much over Paypal and once a final eBay and iTunes purchase clear, I will close both accounts.
No fees, direct payment and everything on their turf.
My sole worries are security and data/privacy.
I'm pretty much over Paypal and once a final eBay and iTunes purchase clear, I will close both accounts.
Don't be so quick to judge. I went through a near-nightmare experience myself. I sold a product on eBay. The product was in near-perfect condition, exactly as I advertised it. The buyer paid me via PayPal. Cost was in the $300 range. He left positive feedback on the eBay transaction saying it worked great and thank you very much.
A few months later PayPal emailed me saying the buyer had filed a dispute, claiming that the product was DOA and it cost him hundreds of dollars to have it fixed. PayPal's email wording was roughly "but don't worry, notjustjay, we're not going to do anything about it because it is past his XX-day dispute policy window".
What if my scamming buyer had filed his dispute a few weeks earlier? I could have been out hundreds of dollars. There are plenty of horror stories out there of eBay sellers who had this exact scenario happen to them. In many cases PayPal simply yanked the cash back out of the seller's account to reimburse the buyer. After all, it's the buyer (and his transaction fees) that keep PayPal profitable.
Am I practicing sketchy ethics?
It's A Scam!
I tried PayPal once and got scammed out of a like new computer system worth 1000$ a couple years ago. Fake PayPal emails and all. Do you think I got any emails that said we are sorry for the inconvenience... Nope. Haven't logged into PayPal since. I think that payment still says pending deposit. I recently got an email from them regarding my account security but I rather not even open that door again.
I tried PayPal once and got scammed out of a like new computer system worth 1000$ a couple years ago. Fake PayPal emails and all. Do you think I got any emails that said we are sorry for the inconvenience... Nope. Haven't logged into PayPal since. I think that payment still says pending deposit. I recently got an email from them regarding my account security but I rather not even open that door again.
no no no nooooooooooooo.
There is so much I could rant about PayPal, but I will refrain. I find this unlikely has Apple already has a system for handling payments in house. If this system needs to be expanded or modified, I imagine Apple would go down that route instead of giving another company a portion of their profits implement this changes.
There is so much I could rant about PayPal, but I will refrain. I find this unlikely has Apple already has a system for handling payments in house. If this system needs to be expanded or modified, I imagine Apple would go down that route instead of giving another company a portion of their profits implement this changes.
Steve Jobs would be furious if this happened. Let's hope Tim's smarter than to partner with PayPal.
I do not disagree with your statement at all and have never personally had a problem with Paypal myself. But some of their practices of covering their own butts are very unfair. I have heard and read enough stories of unfair practices by Paypal in disputes to know that all these stories can not be untruths.
I dislike Paypal due to their exorbitant fees and exchange rates they charge, plus the fact that I am basically forced to use them to sell on Ebay. But I also know that is the cost of doing business and have factored that in. Not everyone that dislikes Paypal is "practicing sketchy ethics or not following their policies".
Like I stated earlier, I have never had a run in with Paypal and have done many tens of thousands of dollars of business with them, but I still dislike them and some of their practices.
Pretty much sums it up.
Exactly. And isn't PayPal already an option there anyway?
No thanks on the 3%.
Me neither.
the importance of User Experience
This is not a sensible rumour. My own PayPal user experience is NOT something that Apple would want to be even remotely associated with.
... but I can understand why PayPal might be very worried indeed about someone who demonstrably takes customer satisfaction seriously getting into their market space.
Too soon to say "goodbye" to PayPal as yet, but perhaps that moment is coming.
This is not a sensible rumour. My own PayPal user experience is NOT something that Apple would want to be even remotely associated with.
... but I can understand why PayPal might be very worried indeed about someone who demonstrably takes customer satisfaction seriously getting into their market space.
Too soon to say "goodbye" to PayPal as yet, but perhaps that moment is coming.
Yeah, this (and much more)!
PayPal has long standing policies which are, frankly, completely irresponsible from the standpoint of the customer with funds in one of its accounts.
I still, grudgingly, use PayPal, but I'd love to be able to move away from them. The eBay/PayPal merger created a situation where you almost have to use PayPal in order to buy or sell anything on eBay. (As far as I can tell, the only other alternative at this point is agreeing to do an in-person pickup of an item, which defeats most of the purpose of eBay in the first place -- the ability to sell nation or even world-wide.)
PayPal will freeze your account whenever it thinks you have *some* possibility of being involved with some other fraud it's investigating. Essentially, this means if you ever buy something from another PayPal user who gets in trouble later for something completely unrelated, you may wake up to find your account locked. It also seems to have a number of other internal policies it refuses to disclose (in the name of "security"), including freezing accounts when too many transactions from other countries start flowing into them. (I had a friend in S. Korea selling car parts for Hyundai cars who ran into that problem. PayPal locked out his account, with many thousands of dollars in it, shortly after he started selling a custom in-dash GPS system to USA customers. It caused serious cash-flow problems for his business and took months to get resolved.)
Personally, I'd like to see whatever solution Apple uses for payment include support for bitcoin. It's popping up all over the place, and it seems ridiculous to pretend it's not a viable option for digital payment at this point.
PayPal has long standing policies which are, frankly, completely irresponsible from the standpoint of the customer with funds in one of its accounts.
I still, grudgingly, use PayPal, but I'd love to be able to move away from them. The eBay/PayPal merger created a situation where you almost have to use PayPal in order to buy or sell anything on eBay. (As far as I can tell, the only other alternative at this point is agreeing to do an in-person pickup of an item, which defeats most of the purpose of eBay in the first place -- the ability to sell nation or even world-wide.)
PayPal will freeze your account whenever it thinks you have *some* possibility of being involved with some other fraud it's investigating. Essentially, this means if you ever buy something from another PayPal user who gets in trouble later for something completely unrelated, you may wake up to find your account locked. It also seems to have a number of other internal policies it refuses to disclose (in the name of "security"), including freezing accounts when too many transactions from other countries start flowing into them. (I had a friend in S. Korea selling car parts for Hyundai cars who ran into that problem. PayPal locked out his account, with many thousands of dollars in it, shortly after he started selling a custom in-dash GPS system to USA customers. It caused serious cash-flow problems for his business and took months to get resolved.)
Personally, I'd like to see whatever solution Apple uses for payment include support for bitcoin. It's popping up all over the place, and it seems ridiculous to pretend it's not a viable option for digital payment at this point.
Not only "no", but "h***, no".
Integrating with PayPal is the surest way for me to avoid this like the plague. I won't even give my credit card to PayPal. If I find a merchant that requires me to use PayPal for payment, I look elsewhere.
Apple, it's real simple: work out a deal with the card processors so I can simply conduct a transaction with my phone as a proxy for the credit card that I already have on my Apple account. I'm sure they'll be happy to give you a small percentage of the merchant fee.
That's a pretty broad statement. Despite bad experiences, it is occasionally unavoidable that I use PayPal. My most recent horrible experience was with PayPal playing dead when they had processed a payment for vapourware that never made it into production & did not want to answer emails about reimbursement despite the supposed supplier offering to send me unwanted product as a possible replacement for what they had sold me but never actually produced. Thank heavens for credit card companies that reverse payments with suitable evidence.
Apple can do far better than this.
Please Apple, don't do this.Paypal is a terrible company. Not customer oriented at all.
Honestly, I bet this is a non-issue as Apple doesn't need them and can build a payment service without them. I think Paypal sees the writing on the wall and realized when mobile devices become wallets, and operating systems can make payments, no one will need Paypal.
Honestly, I bet this is a non-issue as Apple doesn't need them and can build a payment service without them. I think Paypal sees the writing on the wall and realized when mobile devices become wallets, and operating systems can make payments, no one will need Paypal.