January 24, 2008
New online payment system
Using an online payment system can have a nasty kick when you check out exactly how much it is going to cost you, it may be ok if you only use it once, but if you are running a business or working freelance and being paid via one of these services, then you really do feel the pinch as the fees add up.
But as luck would have it, former employees of Visa have created Noca, which is promising to cut the prices paid by people and businesses that have many small payments going in and out of their accounts.
This type of payment system will no doubt become a sort of online credit card type thing.
Source [Techcrunch]
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