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

[pbreit]

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.

[kloncks]

I agree completely.

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

[krrishd]

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....

[kloncks]

Not planning on ditching. I would love to hear more about what you're building -- [email protected] :)

[gailees]

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.

[magerleagues]

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

[kloncks]

Love it! Really appreciate the support.

[dwaltrip]

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

[milkmanjr]

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

[kloncks]

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

[deweller]

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