Comments on: Noca Targets Transaction Fees with New Online Payment System

By: Get in the ring Noca - Internet Hugger

Get in the ring Noca - Internet Hugger — Fri, 27 Feb 2009 20:14:06 +0000

[...] Many online payment companies have tried to beat Paypal and Noca is another one willing to get into the ring. Noca’s strategy, you ask? Lower transactional fees and a complicated payment process (at least it seems at first, second and third glance). You can read more about their process here. [...]

By: Dean Procter

Dean Procter — Fri, 27 Feb 2009 07:19:20 +0000

Yawn…
Easy? Safe? Flexible? Ha.
So last century.
I couldn’t find anything positive to say.
No apologies.

By: diigo test 1 « Rap Binder: Hip Hop Crime Files

diigo test 1 « Rap Binder: Hip Hop Crime Files — Thu, 19 Feb 2009 15:56:56 +0000

[...] an online payments start-up we wrote about last year, is officially launching its payment service today. Formed by ex-Visa employees, Noca [...]

By: Braintree Payment Solutions

Braintree Payment Solutions — Sun, 15 Feb 2009 17:29:16 +0000

It’s about time that Paypal gets some competition for charging credit card level fees for ACH transactions. Noca obviously has some very large challenges with buyer and seller adoption, risk, consumer confidence/preference change to ACH from credit cards and the inherit limitations of the ACH network.

I wish Noca all the best.

Bryan Johnson

By: Is Noca The Next PayPal? | Kawink Blog

Is Noca The Next PayPal? | Kawink Blog — Mon, 09 Feb 2009 14:06:58 +0000

[...] an online payments start-up we wrote about last year, is launching its official payment service today. Formed by ex-Visa employees, Noca [...]

By: Is Noca de nieuwe PayPal? | Blog Interactive

Is Noca de nieuwe PayPal? | Blog Interactive — Mon, 09 Feb 2009 11:02:43 +0000

[...] een start-up waar ze bij Techcrunchvorig jaar al over schreven gaan ze de officiële betaalservice vandaag [...]

By: Is Noca The Next PayPal?

Is Noca The Next PayPal? — Mon, 09 Feb 2009 04:46:39 +0000

[...] an online payments start-up we wrote about last year, is launching its official payment service today. Formed by ex-Visa employees, Noca [...]

By: Noca - New online payment system

Noca - New online payment system — Tue, 01 Jul 2008 01:36:27 +0000

[...] http://www.tech...payment-system/ Tags: [...]

By: Knowledge Base: more articles « Oronjo.com

Knowledge Base: more articles « Oronjo.com — Sat, 15 Mar 2008 11:58:26 +0000

[...] TechCrunch: Noca Targets Transaction Fees with New Online Payment System [...]

By: Michael

Michael — Fri, 15 Feb 2008 17:58:50 +0000

Lots of alternate payment processors have been doing micro-payments for years. The digital previous metals industries all handle micro-payments, all with different types fee structure. e-Gold, e-Bullion & Goldmoney are the oldest that come to mind.

By: Micah

Micah — Thu, 14 Feb 2008 19:45:20 +0000

Amazon FPS has some micro-payment support. It isn’t great, but it allows you to bundle a lot of micro payments into a single larger transaction, thereby cutting down (but no eliminating) the transaction fees.

By: Leonard Sellem

Leonard Sellem — Mon, 11 Feb 2008 11:08:51 +0000

What is the legal status of Noca? Is it a bank? A financial intermediary? Or is it simply a services company? If so, how can it act directly on bank accounts without any bank processing?

By: Adam Hyman

Adam Hyman — Mon, 11 Feb 2008 06:45:33 +0000

Does anyone know of a company that is similar to Noca?

What other companies are doing the same thing as Noca?

By: Mar

Mar — Thu, 07 Feb 2008 05:12:29 +0000

Actually, Amazon FPS charges only 5 cents plus 5% for transactions less than $10 that use a credit card, not 30 cents as you posted Mark.

I just finished a post of micropayment providers and how Amazon, right now, is the best choice for $1 transactions.

http://www.trum...tion-developer/

By: Danno

Danno — Mon, 04 Feb 2008 16:20:17 +0000

Banks and credit card companies are gouging here – no question. Could it really cost 3-5% of a payment to process it? (almost as ridiculous as real estate agent fees So there is an obvious market, especially for smaller payments where fixed fees drive the percentage up further. Can this be done securely? Yes, the world has the technology. We already use it to pay bills online. To me the “returning goods” thing is a lark. My credit card company would not lift a finger to return fees to me. As a matter of fact, my card was used fraudulently online and it took me 4 months and two sworn affadavits to get credited for fraudulent purchases on a canadian credit card with delivery going to Hong Kong. Bring it on, and worst outcome is the monopoly players will reduce their fees to represent reasonable margins. And how much does a GD transaction cost?

By: JackD

JackD — Fri, 01 Feb 2008 01:52:19 +0000

Doesn’t Paypal do this exact same thing and still charge merchants for it? I thought they had millions of users with bank info and Paypal just takes the spread on the 2-3% they charge.

By: CanCar

CanCar — Thu, 31 Jan 2008 17:24:45 +0000

The purchases and payments online are more and more common, therefore the security must be greater. Personally I had a bad experience with paypal, with this I do not mean that the system is bad.

By: David Mackey

David Mackey — Mon, 28 Jan 2008 03:23:18 +0000

Right now the product isn’t revolutionary. We can already pay for most items with a check – or a debit card – without transaction fees. If they add lines of credit with no transaction fees, thats when they will become something.

By: Marcos

Marcos — Sat, 26 Jan 2008 13:53:07 +0000

It’s a great idea. So good.

By: John

John — Fri, 25 Jan 2008 23:48:19 +0000

I will bet that companies will simply continue to charge the 2 to 3% anyway. They are not going to display two prices because they will also want to have the other payment options. Nothing will probably be gained here.

By: Alleagra

Alleagra — Fri, 25 Jan 2008 18:51:59 +0000

Can Bokon Too Koonet explain how giving out a routing number ( = sort code in the UK?) and account number can ‘drain’ an account? Anyone who writes a cheque does this.

By: gary

gary — Fri, 25 Jan 2008 14:32:06 +0000

Great to see someone has figured out a way to use the ACH system at such a low cost per transaction. The problem for regular merchants however is the time lag ACH requires for processing the cash transfer. For everyday retail stores, vending machines, taxis, etc. this system will not work because there is no guarantee to the merchant for payment. Once NOCA figures out a way to provide some kind of middleman guarantor to merchants, they will really have something that can change the world of credit/debit cards. I hope they do.

By: you're all wrong

you're all wrong — Fri, 25 Jan 2008 08:06:32 +0000

noca as in no card

By: Noca

Noca — Fri, 25 Jan 2008 05:22:51 +0000

Seems more like no ca as in northern california ?

By: It's Easy To See

It's Easy To See — Thu, 24 Jan 2008 23:26:47 +0000

Noca backwards is “A con”

Hmmmm.