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This is flawed from the start. 1. Many people will only use a CC online for the additional protection it allows. 2. Many people put all their spending on CC f
by smiler 15y ago
This is flawed from the start.
1. Many people will only use a CC online for the additional protection it allows.
2. Many people put all their spending on CC for the various point / bonus schemes they have
3. This limits you to UK people only. Surely the purpose for most people creating a web app is to reach a global audience
- timthorn 15y agoTrue, there are limits - but that doesn't mean it's flawed. 1. DD also provides protection. Admittedly not at the same level, but the banks do guarantee the scheme against misuse. 2. Very true - but if only DD is offered as an ongoing payment mechanism then many people will use it. 3. The UK is a perfectly valid market to target - and hosted DD provision is an excellent innovation to offer.
- MattRob 15y agoAs a heads up I'm from GC but as quick responses: 1) It's little known but the protection under DD are arguably stronger than those under cc (http://www.bacs.co.uk/bacs/businesses/directdebit/collecting/pages/customersrights.aspx http://www.bacs.co.uk/bacs/businesses/directdebit/collecting...); but your point still holds for as long as this remains little known ;) 2) Fair point, although this varies a lot by country (consider CC usage in Germany) and is not the case for B2B transactions 3) No it doesn't. There's a pan-European ACH network (SEPA DD), also if you look at PayPal they offer Bank transfer in US & Europe using ACH in a similar way