Results 1 to 10 of 12

Thread: PayPal Competitor- American Express 'Serve'.

Hybrid View

  1. #1
    Join Date
    Mar 2009
    If I tell you, I would have to kill you.

    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??

  2. #2
    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
    Join Date
    May 2009
    New York
    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
    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
    Join Date
    Mar 2009
    If I tell you, I would have to kill you.
    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
    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
    I will just add AMEX to the long list of paypal killers that will not kill paypal.

  8. #8
    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.

  9. #9
    Your information is very nice and thanks a lot for share so much.

  10. Is their service for global customer like paypal? If yes, I think this is very good info, especially for online business.

Similar Threads

  1. [WTH] SEO expert to beat my competitor
    By SonnyCooL in forum Services
    Replies: 4
    Last Post: 24 January, 2012, 05:28 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, 02:41 AM
  4. Replies: 5
    Last Post: 22 November, 2009, 06:53 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


Posting Permissions

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