Re: V.me to compete with paypal and allow you send money Quote:
Originally Posted by MM78 I may be missing something....but exactly how would v.me compete with Paypal? | They can compete 2 ways:
1) compete for merchants- visa owns authorize.net (worlds biggest payment gateway, bigger than paypal), its a a payment gateway like paypal . so they can offer payment gateway to merchants and compete for merchants with paypal.
2) compete for buyers-visa says they will allow you to send money to other people, like how paypal lets you send gift payment.
paypal charges to send gift payment when payment method is a card. visa will not charge as they own the visa card. advantage for them
Last edited by roberto; 10-15-2013 at 06:26 PM.
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