Is Noca The Next PayPal?

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/09/AR2009020900028.html


Anyone who has ever made a purchase from Ebay is aware of PayPal. PayPal allows for a secure transfer of funds in exchange for a good. This is extrememly important for internet purchases, given that purchases are made through a virtual store. PayPal charges vendors a substantial fee for its service. This fee has led many to potentailly embrace Noca. Noca is similiar to PayPal, in that it maintains the integrity of an online purchase. The benefit is to the seller, who only has to pay a fraction of the transaction costs. It will be interesting to see how Noca grows in the next year. If more vendors begin to offer Noca instead or PayPal, buyers will be forced to switch.