I remember reading about a potential deal with Starbucks. The difference I would see between Paypal and "iBucks" would be that perhaps you use your iPhone/iPod Touch in brick and mortar establishments, instead of paypals majority online service.
Yay! Additional fees and Draconian restrictions FTW! Seriously...PayPal is the worst part of the eBay experience. Apple would be wise to avoid this the same way they avoid logical and consistent App Store approval guidelines.
This will all end in tears. How will Apple satiate my ebay lust? So many developers of Apple programs currently use paypal with their premium accounts as the means of payment. When I buy things from Bricklink, it's with paypal, if I buy some random part from Dell's site, that's also paypal. In order for this to work they'll have to beat paypal in just about every avenue, or else it'll die quickly. Humbug.
@Kaiser-Machead: i disagree. as long as apple has any base (iTunes) they can focus on just expanding the accepting vendors, etc. even if they grow at a snail's pace this idea can work. only one thing i can think of to avoid is trying to build a huge infrastructure without the need and then needing to prop it up.
Why did the following pop into my head?:
"You have an internet payment system business... and I have an internet payment system business. And this is iTunes. My iTunes reaches acrooooooooooooooss the room, and drinks your business. I DRINK YOUR BUSINESS. *SLUUURP* I DRINK IT UP!"
They seem to be filled with conflicting idea's/rules. You can buy stuff directly from amazon thru their app. But they cannot sell kindle books on the iphone because they want every app maker to use the apple payment system. This seems along the lines of the google voice debacle.
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Items purchased iBucks must be first approved for same by Apple. Apple can revoke their approval at any time and forcibly retrieve any items purchased. Any refunds for purchases of removed items must go through the manufacturer. Apple does not issue refunds but does take 30% of total sales.
Apple... pay different
Funniest thing, this would work on the strength of the brand. Most people I work with associate PayPal with scams or porn (not sure what the connection was/is). These are the folks that will pony up the cash for Disney Dollars... er... iDollars.
@En0s0ne... Now with auto-tune commenting: PayPal and porn?
I've never once associated porn and PayPal... I actually like using PayPal because it's just easier to make transactions and I can use whatever I have in the account from eBay.
It might work the name is more "trusted" than pay pal but as ebay bought them and it is the main method of payment there the only other real competition would be google check out. They are okay but I tried to use them for POS payments at my business and it just couldn't work efficiently. If Apple can make an online - user friendly system (they do that well) that can do POS, shopping cart, and recurring auto charges at a competitive price point I would be all over it.
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Why did the following pop into my head?:
"You have an internet payment system business... and I have an internet payment system business. And this is iTunes. My iTunes reaches acrooooooooooooooss the room, and drinks your business. I DRINK YOUR BUSINESS. *SLUUURP* I DRINK IT UP!"
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Apple... pay different
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I've never once associated porn and PayPal... I actually like using PayPal because it's just easier to make transactions and I can use whatever I have in the account from eBay.
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Clever Bastard.
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