Ribbon Is Building P2P Payments For Consumers, No App Or Account Required

http://techcrunch.com/2013/11/20/ribbon-is-building-a-peer-to-peer-payments-for-consumers-no-app-or-account-required/

by danielbru • 13 years ago

36 13 13 years ago

deweller• 13 years ago

Not to be confused with Ripple (https://ripple.com/) which is a credit-based P2P payments protocol.

krrishd• 13 years ago

I kinda wish the focus was still on the merchant accounts, I'm building a whole eCommerce app with the Ribbon service and AngularJS, but I'm worried that it will be rendered useless if the merchant service is ditched....

kloncks5• 13 years ago

Not planning on ditching. I would love to hear more about what you're building -- hany@ribbon.co :)

dwaltrip• 13 years ago

How are they doing p2p USD payments? Is it bank account directly to bank account?

milkmanjr• 13 years ago

They may be taking the Square approach which is "refunding" debit cards with the amount of the transaction.

kloncks5• 13 years ago

We're doing cards (both debits and credits) and we'll also do direct bank to bank.

pbreit• 13 years ago

Good luck, I guess. P2P payments are a lousy business because cash, checks and splitting tactics work fine and no one wants to pay a fee for settling up with a friend.

kloncks5• 13 years ago

I agree completely.

That's why our P2P payments are 100% free for debit cards and bank transfer!

ceejayoz• 13 years ago

Out of curiosity, what's the revenue model then?

magerleagues• 13 years ago

I have high hopes for these guys. Really smart team and they are motivated to solve this problem better than anyone I've met.

kloncks5• 13 years ago

Love it! Really appreciate the support.

gailees• 13 years ago

I guess Venmo getting acquired by Paypal is going to leave a huge gap in the market. These guys are executing on all cylinders to fill it.

Ribbon Is Building P2P Payments For Consumers, No App Or Account Required

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