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PayPal Will be An Offline Payment Option in 2013

By - Source: Paypal | B 23 comments

Why has this taken so long?

In an announcement that could be filed under the category common sense, credit card provider Discover said that it will be offering its merchants the ability to accept PayPal payments via in-store signage. Participating locations, which could total up to seven million in the U.S., do not need to upgrade their point-of-sales hardware and software. Ebay-owned PayPal says it has about 113 million users worldwide and more than 50 million in the U.S. alone.

Since there is apparently no cost involved for merchants to accept PayPal, it is a low-risk move for Discover to extend its financial infrastructure. The success of PayPal online and its ubiquity to make online payments as well as international transaction with often lower fees than the fees typically charged by financial institutions could make this an appealing solution in specific user scenarios. However, it is unlikely that it will challenge the dominance of traditional credit card payments.

For Discover, this is a major coup that has landed the company in the spotlight. And what could be wrong with that, even if the PayPal credit card extension does not succeed?

 

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  • 1 Hide
    master_chen , August 23, 2012 5:58 PM
    Wake me up when it goes worldwide.
  • 5 Hide
    schnitter , August 23, 2012 5:59 PM
    "PayPal (Confirmed Address only)" stickers on every business door!
  • 2 Hide
    gm0n3y , August 23, 2012 6:01 PM
    Two comments here:

    1) Do people actually use Discover? I don't know a single person that uses them.
    2) Paypal is evil and will never get any business from me.
  • 0 Hide
    punahou1 , August 23, 2012 6:02 PM
    Is there a typo in this article? I am a "merchant" and Paypal takes approximately 2.9% from my revenue each time a customer submits a payment to me through Paypal...
  • 1 Hide
    dalethepcman , August 23, 2012 6:05 PM
    Queue international money laundering in 3...2...

    Paypal sucks, but so does the sears card I mean discover card.
  • 1 Hide
    spookyman , August 23, 2012 6:14 PM
    I hate Paypal.
  • 8 Hide
    teh_chem , August 23, 2012 6:26 PM
    Paypal is an awful company. Paypal should be neither an offline nor online payment option ever.

    If they become an "offline" payment option, will they THEN be subject to the appropriate rules and auditing that any other financial institution should be? Oh, I don't know, like NOT being able to lock up someone's funds indefinitely for arbitrary reasons?

    Anyone using Paypal is sitting on a ticking time-bomb of account-lockout.
  • 2 Hide
    beardguy , August 23, 2012 6:45 PM
    Paypal sucks. Nothing but problems with this terrible service every time use it, which thankfully is rare.
  • 0 Hide
    teh_chem , August 23, 2012 7:04 PM
    punahou1Is there a typo in this article? I am a "merchant" and Paypal takes approximately 2.9% from my revenue each time a customer submits a payment to me through Paypal...

    No--at least, I don't think so. I think what it's saying is that for these B&M merchants that currently accept Discover Card payments, there would be no additional fee for them to also support Paypal transactions as well. I assume this to mean that whatever the per-transaction fee that is assessed for DC payments, the same would be true for paypal payments.
  • 0 Hide
    freggo , August 23, 2012 7:17 PM
    I have a Paypal account just for the rare cases where a client insists. Don't even advertise it.
    They 'support' is non existing and if you get ripped of by a customer Paypal will do absolutely NADA to look into the situation.

    So guess what, Paypal acceptance for my business ranks right up there with the Discover card. They are a perfect match :-)
  • 0 Hide
    Kryan , August 23, 2012 7:39 PM
    in Germany I've had nothing but easy sailing with Paypal...in fact, I prefer it over other payment methods.
    Maybe I've just been lucky?
  • 0 Hide
    sonofliberty08 , August 23, 2012 8:20 PM
    Kryanin Germany I've had nothing but easy sailing with Paypal...in fact, I prefer it over other payment methods.Maybe I've just been lucky?

    maybe PayPal is not that good, but same here i hv no other option better than it to chose, waiting for google checkout to go global, i use moneybooker sometimes
  • -1 Hide
    rocknrollz , August 23, 2012 8:26 PM
    Wow, I have to think sometimes that the people who comment on these are just life haters? Nothing satisfies you. Paypal was the biggest and still is the #1 way to pay online.

    Day after day I come to read comments on news, and 9/10 people are just haters toward it. I mean really, if you really hate eveything go live in a cave.
  • 2 Hide
    teh_chem , August 23, 2012 8:48 PM
    RockNRollzWow, I have to think sometimes that the people who comment on these are just life haters? Nothing satisfies you. Paypal was the biggest and still is the #1 way to pay online. Day after day I come to read comments on news, and 9/10 people are just haters toward it. I mean really, if you really hate eveything go live in a cave.

    Paypal is inherently biased toward the buyers. Anytime there's a dispute, they tend to side with the buyers almost universally, leaving the sellers on the line. Moreover, Paypal can, at will, freeze a user's account (and any funds in their account at the time) with zero obligation to explain in detail to the account holder why. Beyond just a "suspicious activity" general response. Even more, they can hold those funds for months upon months if they so choose, or even keep those funds permanently if they even suspect you're conducting fraudulent activities (which you may not even be doing). And not being an official financial institution like banks and credit lenders, Paypal is not subject to the laws that true financial institutions are--so that can essentially get away with virtually anything with zero oversight.

    Paypal has an inherent interest in siding with the buyer. Because for resolutions where the buyer is sided with, the seller is still responsible to pay to paypal all of the associated transaction fees (even though the sale is reversed), and is left to reimburse the buyer for whatever the sale was for. So paypal still gets paid, and there's very little latitude for the seller to appeal (or even investigate) the process.

    If you've ever been on the receiving end of an account locked for no legit reason, been subject to their arbitrary 21-day fund freeze if you're not a frequent enough seller, or been on the receiving end of a dispute resolution in favor of a lying buyer who said that their sealed shipment box didn't contain the item promised (which was my situation), you'd understand why so many people hate paypal. Because it's an awful, dishonest company.

    For example, in a case where you shipped an item to a buyer, the buyer might file a dispute saying that the shipping box arrived to them sealed, but with nothing in it (where the buyer is lying). You, as the seller, can have a record and receipt and invoice that you got when you paid for the shipping showing the parcel's exact weight--say 5lbs, and give it to paypal, expecting the situation to be resolved in your favor. However, Paypal will STILL not consider that sufficient info to prove that you shipped the buyer the item, even though an "empty" box that the buyer claimed they got would not even weight one pound, and even though the shipped weight of the supposed item matches what the weight of the item should be. That's how terrible paypal is to deal with.
  • 0 Hide
    anony2004 , August 23, 2012 9:09 PM
    gm0n3yTwo comments here:1) Do people actually use Discover? I don't know a single person that uses them.2) Paypal is evil and will never get any business from me.


    True that :D 
  • 0 Hide
    suture , August 23, 2012 10:06 PM
    RockNRollzWow, I have to think sometimes that the people who comment on these are just life haters? Nothing satisfies you. Paypal was the biggest and still is the #1 way to pay online. Day after day I come to read comments on news, and 9/10 people are just haters toward it. I mean really, if you really hate eveything go live in a cave.


    On a news site, 97% (wild random number) of the users that bother to comment are all haters.
    They hate the news content or just the other users that show merciless criticism.

    That said, i dont really like paypal, hope it haves a slow death.
    And please ignore us or you will have a bad time :) 
  • 0 Hide
    eddieroolz , August 24, 2012 12:18 AM
    PayPal is pretty darn good. I've used it consistently for the last 7 years.
  • 1 Hide
    ysam , August 24, 2012 2:48 AM
    about 113 million users, and what? around how many percent haters? This means that million users are satisfied with their services :) 
  • -1 Hide
    psychotek71 , August 24, 2012 3:10 AM
    i won't ever use paypal my friend showed me how
    easy it was to hack in to an account with the name is admin and password was pass
    so goaway pay pal

  • 2 Hide
    vette98guy , August 24, 2012 3:33 AM
    113 Million Users? Does that include the 50 million accounts that are for sale on some internet Websites? Also, does it include the 20 million accounts that are frozen? What about the 30 million accounts that are dormant? I think 113 million account is a little exaggerated. I have multiple accounts (4) does that make me 4 users ?
    I can't wait for Google Auctions with my Google wallet.
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