Is there really no "good-guy" alternative to PayPal? Since PayPal froze my account several years ago and robbed me of 2K, I have been in search of a better alternative. First came WePay, I tried using it, but it was awkward and slow, it took weeks to transfer a simple $500 in the U.S. between verified accounts, and customer service wasn't all that helpful. Then came along Dwolla, I haven't had any large transactions here yet, but it's been slow as well, and unwilling to work with me and my buddy with whom we share a referral credit -- not a very good beginning to start a relationship with a customer. And now this article. Le sigh.
The problem is, payment processing is hard. Fraud is a real problem, that costs real money and takes a massive amount of effort to prevent. You can limit your exposure (eg Stripe) by placing limitations on your solution (limit by country, by transaction types, etc), but there is no fix for it.
Big banks don't do much better than Paypal in regards to fraud prevention, the major difference is that they are regulated more tightly so they can't just freeze your money without recourse.
Zipmark is a possible alternative. They're also tackling ACH payments but in a fairly unique way. Haven't used them though so can't vouch one way or the other.
