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Payyr app – Direct Debit for friends
- cblanc 13y agoCongrats on the new product. Looks great! Will it continue to be free beyond the experimental phase?
- BrokenPipe 13y agoAnd will it support Bitcoin ?
- hackerboos 13y agoWhat's the difference between this and Barclay's PingIt?
- 3stripe 13y agoOne is built by a corrupt megabank, the other by a London startup. Easy choice for me.
- cblanc 13y agoPayyr uses direct debit. However I'm not aware of any advantages of direct debit over bank transfers when paying friends & family I guess Pingit has an advantage in that transfers take place within the same day. Direct debit takes about a week
- hackerboos 13y agoPingIt it uses Direct Debit if you don't use a Barclay's account.
- nqureshi 13y agoThis is pull-based. Pingit allows A to pay B, but B does have to chase A for the payment. Whereas Payyr allows B to 'pull' payments from A after a DD is set up.
- lifeisstillgood 13y agoMy first thought was "That's a brilliant reworking of the idea of a Direct Debit" Then the programmer in me started thinking - this is an O(n2) solution surely? In order to collect from friend A he has to setup and approve a DD to me and then to bob, dick and Jane. I guess they are just having someone join once with a direct debit to GoCardless, then they debit and reroute as needed. The problem with that is they are on the hook for refunds - and it's impossible to prove me and my mate have not colluded. Which I guess is why there will be a transfer limit around 10-50 quid? But the higher you make it the more useful it is but the more risky it becomes. I hope you guys make it work - do let us know more details / paste the link I am too lazy to find
- ape4 13y agoNo contract, really?