Payments 2.0
Follow
Find tag "WePay"
11.0K views | +3 today
Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
Your new post is loading...
Your new post is loading...
Scooped by Therese Torris
Scoop.it!

Finextra news: WePay raises $40m

Finextra news: WePay raises $40m | Payments 2.0 | Scoop.it
Finextra: E-commerce payment processor WePay has raised $40 million in a Series D funding round led by FTV Capital and joined by Japan's Rakuten.
Therese Torris's insight:

Funding Received so far: $74.2 Million in 6 Rounds from 13 Investors

https://www.crunchbase.com/organization/wepay

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

How Online Payment Upstart WePay Aims to Undercut PayPal

How Online Payment Upstart WePay Aims to Undercut PayPal | Payments 2.0 | Scoop.it

 

Therese's summary: This RWW article is quite uncritically retelling Wepay's strategy to undercut PayPal through greater ease-of-use and partly lower fees (for direct bank transfers). How the start-up WePay will make itself known (with "only" $20M funding) and distribute its solutions in the current ultra-competitive US market remains unclear. To learn a bit about WePay check:

http://www.crunchbase.com/company/wepay

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

7 Great Alternatives to PayPal - TheStreet.com

7 Great Alternatives to PayPal - TheStreet.com | Payments 2.0 | Scoop.it

"PayPal ... is often the go-to method of cash-free person-to-person (P2P) payments. There's just one problem: A lot of people really hate it."

 

Comment: Good review of alternative payment systems, mobile and non mobile, detailing pluses and minuses of Serve, Zashpay, WePay, Square, Dwolla and Clover.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

WePay Named among Forbes' Top Five Financial Technology Companies of 2012

WePay Named among Forbes' Top Five Financial Technology Companies of 2012 | Payments 2.0 | Scoop.it

Forbes: ... many entrepreneurs, particularly those in Silicon Valley, are frustrated by some of PayPal’s habit of “freezing” companies.  WePay has done a good job playing to that discontent with some creative marketing like their infamous ice block weighing 600 lbs.  Their product is strong but I have most admired the courage with which they have taken on PayPal. If you’ve worked with an online payments provider before, and tried to incorporate one into your site, you know the regulatory and technical challenges in that space are massive.

Therese Torris's insight:

Forbes' commentary is very shallow. PayPal does not "freeze companies" on a whim and certainly would prefer not having to do so. However, fraud is pervasive and fighting fraud is all but easy. New payment systems that pretend to "simplify" payments often backtrack when fraud hits them for real.   

more...
Martin (Marty) Smith's curator insight, December 22, 2012 2:02 AM

Crowdfunding is growing up FAST.

Scooped by Therese Torris
Scoop.it!

WePay updates payments platform, adds ultra-easy invoicing

WePay updates payments platform, adds ultra-easy invoicing | Payments 2.0 | Scoop.it
Online-payments processor WePay has added a new feature to enable its users to quickly and easily create invoices to bill clients.
more...
No comment yet.