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Ask HN: What are some low cost payment processing alternatives to Stripe?

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Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#101

Post by gndk »

rmdes wrote: post #6

Mollie - https://www.mollie.com/

We currently use them as our main PSP. It's ok.

Unfortunately they seem to have stopped working on their main payment product for years and it stagnated.

I asked a sales rep years ago if they have plans to integrate Amazon Pay. He said yes. It is still not available. They have Apple Pay, but not Google Pay. After PayPal, these wallets are the most important payment methods in e-commerce here, yet they don't seem to know this and/or refuse to add them for whatever reason.

Instead they now offer loans that are repaid with a percentage of sales. The conditions are horrible. Probably related to selling a good amount of shares to Blackstone PE in 2021.

So the enshittification has started. I guess they are working towards an IPO, so price hikes will probably come, too. Hope they prove me wrong and turn it around.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#103

Post by rahkiin »

trimethylpurine wrote: post #100
rahkiin wrote: post #7

Earlier quoted context omitted.

Outside of the US this is not true at all. There are plenty of ways to transfer money without touching the CC networks but instead use interbank communications. iDeal, Klarna, SEPA: all fixed pricing instead of percentage based fees. It depends on where you want to provide your services.

I'm always surprised by the diminutive and inaccurate view of the US that I see on HN. This is, of course, EXACTLY the same in the US and elsewhere. The OP was asking specifically about CC processing.

OP said _payment processing_, and then parent said

> they are all essentially the same when it comes to functionality and pricing because they are the middlemen between you and visa/mastercard/... and not much else

Which is false, as there are many payment providers using fixed cost models and not touching the CC networks. And in a lot of countries this is the main method of online payments instead of credit cards.

I would not say it is exactly the same as in the US.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#104

Post by trimethylpurine »

rahkiin wrote: post #103
trimethylpurine wrote: post #100

Earlier quoted context omitted.

I'm always surprised by the diminutive and inaccurate view of the US that I see on HN. This is, of course, EXACTLY the same in the US and elsewhere. The OP was asking specifically about CC processing.

OP said _payment processing_, and then parent said > they are all essentially the same when it comes to functionality and pricing because they are the middlemen between you and visa/mastercard/... and not much else Which is false, as there are many payment providers using fixed cost models and not touching the CC networks. And in a lot of countries this is the main method of online payments instead of credit cards. I…

I'd be interested to see some stats on that. I wouldn't think that alternative to CC is the primary form of online transactions in any country, unless you're excluding debit cards from that category. At least not yet. And, just like everywhere else, there are countless payment methods that are not run through Visa/Mastercard in the US. Zelle, ACH, Direct transfer, etc.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#105

Post by aPoCoMiLogin »

https://recurly.com/ maybe, I can't find this in their pricing page, but from what I know it looks like this: revenue fee 0.500% transaction fee $0.08 and selected plan (there is free one); with your volume that would be around $3.2k a month in fees.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#106

Post by aPoCoMiLogin »

aPoCoMiLogin wrote: post #105

https://recurly.com/ maybe, I can't find this in their pricing page, but from what I know it looks like this: revenue fee 0.500% transaction fee $0.08 and selected plan (there is free one); with your volume that would be around $3.2k a month in fees.

also you need to include the payment gateway, like authorize.net ($25 month, $0.1 trancastion) or something else

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#107

Post by jorams »

trimethylpurine wrote: post #104
rahkiin wrote: post #103

Earlier quoted context omitted.

OP said _payment processing_, and then parent said > they are all essentially the same when it comes to functionality and pricing because they are the middlemen between you and visa/mastercard/... and not much else Which is false, as there are many payment providers using fixed cost models and not touching the CC networks. And in a lot of countries this is the main method of online payments instead of credit cards. I…

I'd be interested to see some stats on that. I wouldn't think that alternative to CC is the primary form of online transactions in any country, unless you're excluding debit cards from that category. At least not yet. And, just like everywhere else, there are countless payment methods that are not run through Visa/Mastercard in the US. Zelle, ACH, Direct transfer, etc.

Here[1]'s an infographic for a report on the Dutch market for Q1 of this year. See the bottom right. iDEAL is by far the biggest payment method.

[1]: https://www.thuiswinkel.org/media/oyhhmgvy/infographic_thuis...

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#109

Post by stephenr »

gndk wrote: post #101
rmdes wrote: post #6

Mollie - https://www.mollie.com/

We currently use them as our main PSP. It's ok. Unfortunately they seem to have stopped working on their main payment product for years and it stagnated. I asked a sales rep years ago if they have plans to integrate Amazon Pay. He said yes. It is still not available. They have Apple Pay, but not Google Pay. After PayPal, these wallets are the most important payment methods in e-commerce here, yet they don't seem to k…

Does any gateway provide Amazon Pay besides going straight to Amazon?

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#110

Post by trimethylpurine »

jorams wrote: post #107
trimethylpurine wrote: post #104

Earlier quoted context omitted.

I'd be interested to see some stats on that. I wouldn't think that alternative to CC is the primary form of online transactions in any country, unless you're excluding debit cards from that category. At least not yet. And, just like everywhere else, there are countless payment methods that are not run through Visa/Mastercard in the US. Zelle, ACH, Direct transfer, etc.

Here[1]'s an infographic for a report on the Dutch market for Q1 of this year. See the bottom right. iDEAL is by far the biggest payment method. [1]: https://www.thuiswinkel.org/media/oyhhmgvy/infographic_thuis...

The Ideal platform is essentially an agreement between banks to process payments from a trusted, third party processor, who collects fees from the seller.

What I just described is also what Visa and Mastercard are.

While the graphic might be nice marketing for Ideal, I wouldn't categorize it as separate from debit/credit card.

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