• Ubiquitous (in the US)
• Accepted by most merchants
• Issued by most banks
• Anti-fraud systems
• Chargeback process
• You have an option if you want money back
@jtdowney 4
• Lower fees
• Privacy
• Pseudonymity
• Security
• Ubiquitous (outside the US)
• Not tied to credit
@jtdowney 6
Bitcoin
• Typically lower fees (adjustable)
• Some association with criminal activities
• Offers pseudonymity
• Lackluster sales performance
• No chargebacks
@jtdowney 7
Direct Debit• Much lower fees
• Drawn directly from your bank account
• Not tied to credit
• Expected way to pay
@jtdowney 8
Direct Debit• Automated Clearing House [ACH] (US)
• Elektronisches Lastschriftverfahren [ELV] (Germany)
• Single European Payments Area [SEPA]
• iDEAL - Netherlands
• "Direct Debit" in other places (UK, etc)
@jtdowney 9
Digital Wallets• Security by abstraction
• Often built on existing Credit Card or Direct Debit rails
• Familiarity
• Often see increase in conversion
• Lower the purchase barrier
@jtdowney 10
Digital Wallets• PayPal
• Alipay (huge in China)
• Apple Pay
• Google Wallet
• Pay with Amazon
• <Social Network> Pay
@jtdowney 11
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