http://techcrunch.com/2012/03/16/here-today-china-tomorrow-paypal-optimistic-it-will-get-a-domestic-payment-license/
I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a no chargeback merchant account
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
Quote
The company says it is “cautiously optimistic” that it will become the first non-Chinese company to get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
I'm not sure how this will work. Currently, Chinas largest paypal-like company Alipay offers a no chargeback merchant account
Why would merchants want to use a chargebackable (is that even a word?) company that charges crazy %%%%%%
Most likely so that they can accept payments from Americans and Europeans...
They can already do that
Quote
get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
