I read PayPal is now being investigated for it’s free Venmo ‘peer to peer’ service. Probably spurred by competitive companies and possibly fines coming, which could result in forcing PayPal to introduce fees for this service. Reasoning could be unfair practise compared to the competition while Feds are looking into it.
As I mentioned in earlier articles, PayPal is notorious for locking online venture accounts which could hold up to millions of member’s money while the excuse is to take a few months to ‘review’ an account they verified in the beginning. ‘If’ they had to suddenly unlock all those hundreds of accounts and payout that wicked amount of combined money … I figure that would put a good dent in their stash of cash and profits.
So … to that end, paying out a possible hefty fine looks good on them.
Being in Canada, my young fella mentioned the other day that ApplePay will soon be coming and it’s big in the US now. Expecting to grow to 50% of the market as a ‘payment processor’, it will be stiff competition for PayPal and other similar outfits.
Doing some research, ApplePay is already here in a limited version using American Express but visa, mastercard and ‘interac’ are slow to come onboard. TD Bank accidently leaked some info on that so I expect ApplePay will have the Canadian Banks come onboard some time in the future.
For iPhone users who load the ApplePay app … it will be as simple as pointing the phone at an outlet payment scanner and done. Wallet in a phone. Although it’s easier for me just to whip out my small, thin debit card … I guess it’s the novelty of it all with the iPhone generation.
Perhaps script makers for online programs will be adding their version for accepting ApplePay. If the demand is there … they will make it happen as an option to sell their scripts.
Meanwhile … I should but I don’t really want to pay;
In the HYIP world, Amazing5 had an awesome run of about 6 months that put me well into profit where I funded early. The program is now history and I suspect the Admin will return again sometime in the future with another program and plans.
It is rare those type ventures last that long online while I keep my profit margin in the black when making additional invests in case of sudden issues that can arise.