Comment 2TTA Re: Neither Apple, nor Google, nor MCX have much experience as payment service providers.

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Neither Apple, nor Google, nor MCX have much experience as payment service providers. (Score: 1)

by kwerle@pipedot.org on 2014-10-30 20:47 (#2TT9)

... I dunno about that. Certainly Apple and Google have a lot of experience transacting with customers, taking their money and getting them something in return. Hardware, software, media (songs, movies, etc).

OK - that's not exactly the same thing, but it's a lot of closely related stuff.

In addition to that, Apple has let you buy stuff in their stores by just scanning it with your iphone. So they are acting as their own payment service provider.

Re: Neither Apple, nor Google, nor MCX have much experience as payment service providers. (Score: 1)

by tanuki64@pipedot.org on 2014-10-30 20:57 (#2TTA)

Maybe. But I really think this is not the same. In their own shops they have at least on one site total control. As payment service provider they are only middleman between unreliable customer and unreliable vendors. Maybe I overestimate the problems, this certainly is not my area of expertise. Nevertheless, before I would use one of those services, I'd wait a year or two and watch the news. I trust neither Apple, nor Google. For different reasons. MCX? Never heard of them before... so they are somewhat of a blank slate to me.

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