Page 1 of 2 12 LastLast
Results 1 to 10 of 12
Like Tree1Likes

Thread: PayPal Competitor- American Express 'Serve'.

  1. #1
    rome9t9's Avatar
    rome9t9 is offline No Longer Loves SEO
    Join Date
    Mar 2009
    Location
    If I tell you, I would have to kill you.
    Posts
    614
    Blog Entries
    4
    Thanks
    168
    Thanked 105 Times in 77 Posts

    PayPal Competitor- American Express 'Serve'.

    American Express has announced a new service called 'Serve' that will be a competitor to PayPal.

    Source(TechCrunch): After Visa, American Express Takes On PayPal With Digital Payments Platform


    Excerpts from source:

    The platform is available immediately to anyone in the U.S. and is expected to launch into other international markets over the coming year.
    can be funded from a bank account, debit, credit or charge card, or by receiving money from another Serve account.
    American Express has released mobile applications for iOS and Android. Serve accounts can also be accessed through Facebook.
    in the first six months Serve will charge no fees to open an account. After that period, it will cost 2.9% + 30c/per load to put money into Serve accounts
    What do you guys think??
    bogart likes this.

  2. #2
    javanx3d's Avatar
    javanx3d is offline Net Builder
    Join Date
    May 2009
    Location
    Germany
    Posts
    916
    Blog Entries
    1
    Thanks
    237
    Thanked 237 Times in 164 Posts
    Prob the first of many to enter the [person->person] market similar to PayPal xfers....I'm sure they'll add another .3 charge or three

  3. #3
    bogart's Avatar
    bogart is offline Super Moderator
    Join Date
    May 2009
    Location
    New York
    Posts
    3,772
    Thanks
    1,886
    Thanked 776 Times in 609 Posts
    Serve is only available to U.S. consumers at this time.

    The ability to create sub-accounts is an interesting feature and looks like this is a feature that allows you to make ATM cash withdrawals for $2.

  4. #4
    Coastercraze's Avatar
    Coastercraze is offline Net Builder Legend
    Join Date
    Jan 2009
    Location
    Under powerlines
    Posts
    499
    Blog Entries
    3
    Thanks
    94
    Thanked 59 Times in 48 Posts
    Sounds good, though I do wonder if Amex will charge a fee just to have a Serve account. If I recall their credit card charges a fee just to have it could be wrong though...
    Webmaster Forums
    Host Mist | Shared | Reseller | VPS | Dedicated
    Arcade Master - Rule the arcade!

  5. #5
    rome9t9's Avatar
    rome9t9 is offline No Longer Loves SEO
    Join Date
    Mar 2009
    Location
    If I tell you, I would have to kill you.
    Posts
    614
    Blog Entries
    4
    Thanks
    168
    Thanked 105 Times in 77 Posts
    I hope it replicates all good things which PayPal #1 and then goes one(or two steps ahead. Charing for opening accounts, if they do, will not be received well outside US. Posing a hurdle at the door makes it tough for customers to enter.

  6. #6
    5starpix's Avatar
    5starpix is offline Senior Net Builder
    Join Date
    Dec 2008
    Location
    Montreal, Quebec
    Posts
    1,710
    Blog Entries
    9
    Thanks
    158
    Thanked 227 Times in 164 Posts
    This looks good, especially the sub-account creation. We can only wait and see how it turns out for the rest of the world. Becoming the most used payment platform is a little far-fetched for Serve IMO, but we never know.

  7. #7
    iowadawg's Avatar
    iowadawg is online now Free Cell Champion
    Join Date
    May 2010
    Location
    Not in Texas
    Posts
    2,071
    Blog Entries
    4
    Thanks
    166
    Thanked 360 Times in 309 Posts
    I will just add AMEX to the long list of paypal killers that will not kill paypal.

  8. #8
    TopDogger's Avatar
    TopDogger is offline Über Hund
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,050
    Thanks
    345
    Thanked 909 Times in 694 Posts
    It sounds like they will initially be competitive with PayPal. However, EVERYTHING that American Express does is more costly than alternatives. For their credit cards They charge a merchant a higher percentage per transaction than any other credit card and they still cling to the outdated concept of charging an annual fee to card holders. Based upon their history, I am skeptical about this service remaining competitively priced. This will go on my "we will see" list.

    I also do not see anything that will kill PayPal.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  9. #9
    anorak is offline Unknown Net Builder
    Join Date
    Jul 2012
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I have been using PayPal for what, 5 years already!
    For those years and the years to come, I just think
    that PayPal is the best online payment service. Well
    that's just my opinion.

  10. #10
    iowadawg's Avatar
    iowadawg is online now Free Cell Champion
    Join Date
    May 2010
    Location
    Not in Texas
    Posts
    2,071
    Blog Entries
    4
    Thanks
    166
    Thanked 360 Times in 309 Posts
    So as of today, I have yet to see a commercial on tv touting this service from AMEX.
    Online? Nothing again!

    Am thinking, the market for this is current and future AMEX card holders.

Page 1 of 2 12 LastLast

Similar Threads

  1. [WTH] SEO expert to beat my competitor
    By SonnyCooL in forum Services
    Replies: 4
    Last Post: 24 January, 2012, 04:28 AM
  2. Anybody use Submit Express?
    By Shotgun in forum Promoting
    Replies: 5
    Last Post: 28 June, 2010, 17:28 PM
  3. How do I serve external JS from my site?
    By Kovich in forum Managing
    Replies: 1
    Last Post: 16 December, 2009, 01:41 AM
  4. Replies: 5
    Last Post: 22 November, 2009, 05:53 AM
  5. Continental Express anyone?
    By m42 in forum General Chat
    Replies: 0
    Last Post: 11 August, 2009, 01:17 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •