Noca - Payments Simplified

god damnit no. the issue is NOT rates, the issue is NOT security, the issue is NOT how "nice" the company is, the issue IS international support.<p>Paypal are "winning" and will forever "win" because they support <i>EVERYONE</i>. Finding a person who can't use Paypal (who is over the age of 18 and isn't a previously terminated customer) is very hard because it supports (almost) <i>EVERYONE</i> yet these "new" "paypal killers" don't and they won't gain any traction because of this.<p>and even then there are still bigger issues, but the biggest issue is international support.

&#62; For Secure Check(tm), the merchant needs to have a business checking account in a bank in the United States. And consumers can only pay with a checking or savings bank account with a bank in the United States. Currently for VISA/Mastercard Consumers can pay with Visa/Mastercard issued by a bank in United States. We are however opening up to accepting International cards/Checks soon.<p>So basically, no, this isn't a real competitor to PayPal at all.

I know PJ, who runs Noca. He's been working on it for several years (it used to be called Paybl). Unfortunately it suffers from the same problems as every other payment system in California that is regulated by the Money Transmission Act, which is to say it's basically illegal as of July 1. Then again, maybe he's changed the business model in some way I'm not aware of.<p>See...<p><a href="http://www.quora.com/Aaron-Greenspan/In-Fifty-Days-Payments-Innovation-Will-Stop-In-Silicon-Valley" rel="nofollow">http://www.quora.com/Aaron-Greenspan/In-Fifty-Days-Payments-...</a><p><a href="http://www.thinkcomputer.com/corporate/whitepapers/heldhostage.pdf" rel="nofollow">http://www.thinkcomputer.com/corporate/whitepapers/heldhosta...</a><p>This isn't the first time I've seen a "finally, a real PayPal competitor!" post on Hacker News. I don't think people get it. There isn't going to be one any time soon. PayPal raised a hundred million dollars. It has licenses in 45-ish states and Washington, D.C. that cost about ten million dollars alone. It supports multiple currencies. The dot com boom (and the comparative lack of regulation at the time) is just about the only thing that allowed PayPal to exist. Venture capitalists (and banks) know better now, and they're not enthusiastic about investing in red tape just so Jamie Dimon and friends can make more of it.

This is a useful payment offering. However, I'd still offer Google Checkout, Paypal, and Amazon to customers in most contexts, since they're more willing to do a transaction at all -- even if you pay a higher rate, it's better to have the transaction happen. Maybe offer this in addition, but I always feel better when I see multiple payment options.<p>Stripe (<a href="http://techcrunch.com/2011/03/28/stealth-payment-startup-stripe-paypal/" rel="nofollow">http://techcrunch.com/2011/03/28/stealth-payment-startup-str...</a>) is a great option, when they launch.<p>Square is 2.75% and no fees for card present; 3.5% and $0.15 for card not present.<p>ACH (checks) can be $0.25-0.50 flat-rate.

At a 3.49% credit card rate, I'm not sure how much of a real competitor it is. No fixed fee helps for smaller sized transactions though.

The first paragraph of the "About" page is garbled - doesn't inspire confidence, which is paramount for services like this.

What about WePay!? 3.5% flat fee. Supports international payments. Dead simple API. No merchant account required! Plus, it's only 50¢ for e-checks vs Noca's 1.49%. <a href="https://www.wepay.com" rel="nofollow">https://www.wepay.com</a>

Looks much improved since the last time I looked at it. Last time, it looked awesome except that customers had to provide bank account information to pay with it, which will instantly drive away a huge number of customers. Now it looks like they accept credit cards, too, which makes it a viable contender.<p>In particular, they now have everything they need for the "lightweight payment system market". They still can't address the surprisingly large "I want to pay but I don't have any kind of credit card at all" market, though.

A flat 3.49% (not even including the 20% discount at volume) for credit cards is substantially better than PayPal and Amazon for micro-transactions.<p>Is there some kind of hidden fee or limitation I'm missing?

I'm waiting for someone to disrupt the "Card Present" side of the industry. I work for a large Point of Sale software provider and the choices and for Payment Gateways are awful. We need things like Noca and Braintree for transactions in the real-world. Our NextGen product is going to be HTML5 web-based client, but we can't find good Payment Gateway partners with a Restful API. If your out there and and working on this, please let me know. Our customers process billions in transactions.

Pretty spammy submission. The previous title was "Real competitor to PayPal is here - Noca.com" and it links to a "Fees" page that provides little support (for starters, PayPal is generally less expensive).<p>The new title "Noca - Payments Simplified" is not much better considering the link is still to the fees page and Noca does not seem simple at all (ex: the signup page is painful).<p>Finally, the service doesn't appear to be new.

This looks like a good service, but I still really haven't found anything that is even close to as easy and simple as Stripe.

Competition is always welcomed in this market. Don't know how much users are going to use checks instead of a card, and the example only seems good in prices comparing agains authorize and paypal for small transactions, not big ones.

I keep on hearing Foo: Payments Simplified, and yet payments are still complex. Is it perhaps that a lot of what people consider accidental complexity in payments is necessary complexity?

@pjg: Do you accept customers having a TPPA (Third Party Payment Aggregation) business model? What are the requirements in order to be accepted as customer?

About -&#62; press leads to a 404.<p>The video player popup moves with mouse on Firefox 6.<p>Is there a direct link to the demo video? I couldn't get it to play on the site.

Anyone used this?

impt question: international customers?

THIS NOT SUPPORT MECHRANTS OUTSIDE UNITED STATES ;-( like amazon and authorize.net<p>PayPal Win;-)

What about Amazon Payments? Is that a good Paypal alternative?

Yay !! for micro payments.<p>3.49 is too much for large transactions.

PayPal does a number of things (stored value system, aggregation, virtual terminal, etc). I'm not sure how Noca is a competitor at all. Also, this page has a number of inaccuracies. For example, chargebacks don't exist for checks, Authorize.net as a standalone doesn't enable payments at all (it is a gateway, you also need a merchant account, which you could get cheaper than at Noca), etc. It does NOT take months to sign up with Authorize.net, you can get setup in an hour.<p>Noca is relevant if it is somehow 3.49% for all transactions though... It would make it a cheap option for transactions &#60;$10 or so.

Can I make deposits to a client account using this? Instead of debiting from the accounts of my users I want to deposit in them (presumably using their account and routing numbers.