Visa Launches PayPal Alternative

An anonymous reader writes "Visa has entered the micropayment processing space with payclick, a pre-paid hosted service that will compete with the likes of PayPal. Payclick is aimed at teenagers purchasing online content like music and games where the value of the transaction is likely to be less than $20. Like PayPal, payclick is an online money repository that people can pay into with a bank account or credit card (Visa or MasterCard) and then use the funds to purchase products online. The service was developed and launched in Australia with a view for global markets. PayPal integration is not there yet, but parents can monitor the amount of funds their under-18 children have to spend online. For e-commerce sites, an SDK is available for payclick integration."

THIS IS NOT A PROBLEM !!

[Anonymous Coward]

Tihs is a good thing for all concerned !!

Except PayPal !!

but where is it?

[naplam33]

payclick.com is a parked domain, and i can't find info on visa.com

Re:Alternative?

[sortius_nod]

Yeh, it seems like it will tank. It's so restricted that you'd not even consider it for your kids.

While paypal can be dickheads, at least they let you take cash out of your account.

Re:Careful not to load it up too much

[Corbets]

Not to defend their featureless-ness, but I imagine the restrictions come from the cc-based account loading. If you can pay in with q credit card, then withdraw, you get interest free cash advances.

Or it might just be a poorly-thought-out service. ;)

Re:Careful not to load it up too much

[mitgib]

Fictionwise.com is a bookstore I've bought from in the past and sells short stories and books with many under $1 and I've bought many short stories under a quarter. They offer a micropay solution of their own, pay in $5 or more with paypal and draw from it as you go, as the transaction charges from paypal would make a lot of these works unavailable otherwise.

Comment removed

[account_deleted]

Comment removed based on user account deletion

Re:Let me know when you can use this on eBay...

[ducomputergeek]

But Visa also has the power to say, "Hmmm, This PayPal thing is shady, therefore we're going to terminate their processing account and ban PayPal from taking Visa Cards". And whatever Visa does, MasterCard, Amex and Discover will quickly follow their lead. Visa has been the ones behind PASB/PCI/PA-DSS for a while and the rest of the industry pretty much says, "Whatever Visa's doing, we'll do too."