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Ask HN: How do you process payments?

news.ycombinator.com

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Re: Ask HN: How do you process payments?

#151

Post by wakatime »

raphaelj wrote: post #122
wakatime wrote: post #43

We[1] use Stripe[2], Braintree[3], Coinbase Commerce[4], and GitHub Marketplace[5]. We built our own quote logic including prorating, etc. then apply that as recurring subscription using Braintree if customer wants to pay with PayPal, or Stripe if customer wants to pay with credit/debit card. Breakdown by processor: 73% Stripe 26% Braintree/PayPal 0.7% GitHub Marketplace 0.3% Coinbase Commerce [1]: https://wakatime.c…

Is there any use policy restriction on Stripe, Molly and/or Braintree that would prevent one to dynamically select one or another payment provider depending on the quoted fee for a given customer (card type, country, currency...)?

Not sure, but I know other companies use multiple payment providers too usually for redundancy. We would use Stripe for everything, except Stripe doesn't have the ability to accept BTC or PayPal.

For the same reasons as rwieruch's comment above, some international customers prefer PayPal: https://news.ycombinator.com/item?id=22178646

Re: Ask HN: How do you process payments?

#152

Post by companyhen »

echelon wrote: post #19
qwerty456127 wrote: post #15

Earlier quoted context omitted.

It is worth mentioning that today "you're willing to wait" actually means just some minutes. I've actually started using BitCoin to pay for things recently and I was surprised to find out how easy and quick this actually is. This really is a no-bullshit electronic cash. No registration, no verification, no borders, quick and easy. I hope more goods and services are going to be offered for cryptocurrencies in future.

How do you deal with the price volatility?

I use CryptoWoo plugin for BTC payments and I use KyberSwap WooCommerce plugin for erc20 payments, you can select if you want to convert to DAI at checkout. BTC I just take the risk and believe it will keep appreciating in value over time.

We've processed over $200k in orders with over $100k being in BTC and ETH payments since 2017. Crypto merchandise website.

Re: Ask HN: How do you process payments?

#153

Post by rogue780 »

kf wrote: post #50

The FDA/DEA have waged war on the kratom industry in extralegal fashion; I've had my personal bank accounts and credit cards shut down without explanation via https://en.wikipedia.org/wiki/Operation_Choke_Point . With Operation Chokepoint over, the DEA/FDA still have colluded to prevent the kratom industry from processing credit cards. For my website www.getkratom.com, we take checks, echecks, and cryptocurrency. Sal…

I used to get kratom from you a while ago. Unfortuantely, kratom itself started affecting me negatively and I couldn't keep using it

Re: Ask HN: How do you process payments?

#154

Post by shadowprofile77 »

bestnameever wrote: post #109
ianhawes wrote: post #49

Earlier quoted context omitted.

+1 for EBANX! Though after talking with them and talking with Stripe I’m not sure we lose out on as many credit cards as Ebanx made it seem like we would when processing with Stripe in LATAM.

Do you do any processing in Mexico? If so - how do you deal with facturas?

Second this question. Live and work in Mexico.

Re: Ask HN: How do you process payments?

#155

Post by iso947 »

cies wrote: post #106
iso947 wrote: post #101

Earlier quoted context omitted.

PayPal isn’t a bank and is known for that behaviour. I understand Wells Fargo is a bank.

> PayPal isn’t a bank They are: https://www.quora.com/How-can-PayPal-function-without-a-bank... In the EU you either work with a bank or you need to be a bank to do what Paypal does. In the US not (yet).

In the US, are PayPal registered as a bank in the same way Wells Fargo are?

Re: Ask HN: How do you process payments?

#156

Post by chrisgoman »

fastest963 wrote: post #135
judge2020 wrote: post #62

Earlier quoted context omitted.

>ACH soon What is your approach to bank account verification? Plaid/Yodlee, a more traditional "deposit x money, ask for verification", or both?

We plan to do the traditional 2 small deposit verification. After discussing we decided not to force our customers to give up their bank logins to Plaid just for a quicker verification.

the guys at teller.io seems to be doing it the OAuth way so technically not storing it like the scraping guys. However, it may be limited to the banks that they can connect to due to the requirement for a "real API"

Re: Ask HN: How do you process payments?

#157

Post by skrish »

Old_Thrashbarg wrote: post #24

We use Chargebee backed by Stripe. We've been quite happy with Chargebee overall and would recommend them. The only downside is their customer support is very bizarre sometimes and a bit frustrating. For example, they limit API access to my own (events) data to the last N months. I contacted and asked them to remove the restriction, and they said that wasn't possible because the data was "archived". I pointed out tha…

Founder of Chargebee here. Thanks for the feedback and this broken experience doesn't make sense. Will check with the team. We will take it up to fix it. Sorry!

Re: Ask HN: How do you process payments?

#158

Post by Old_Thrashbarg »

skrish wrote: post #157
Old_Thrashbarg wrote: post #24

We use Chargebee backed by Stripe. We've been quite happy with Chargebee overall and would recommend them. The only downside is their customer support is very bizarre sometimes and a bit frustrating. For example, they limit API access to my own (events) data to the last N months. I contacted and asked them to remove the restriction, and they said that wasn't possible because the data was "archived". I pointed out tha…

Founder of Chargebee here. Thanks for the feedback and this broken experience doesn't make sense. Will check with the team. We will take it up to fix it. Sorry!

Sounds good! Chargebee and Heroku are the 2 paid services that have saved us the most time. I'm a champion of your service.

While I have your attention, some unsolicited feedback: Chargebee's core is great (and that's what we care most about), but a lot of the UX is kind of whacky and the new redesign of the Customer Portal and Signout flow was also a bit whacky and we won't be upgrading.

Last thing, small pet-peeve of mine: password rotation is annoying and is an outdated practice. Both Microsoft[1] and the FTC[2] are encouraging people to stop using it. It ends up wasting my time because I can never remember what I've incremented the last digit to (I now track it in a file). I've given your support that feedback, but doubt anything will happen unless you give the order.

[1] https://arstechnica.com/information-technology/2019/06/micro...

[2] https://www.ftc.gov/news-events/blogs/techftc/2016/03/time-r...

Re: Ask HN: How do you process payments?

#159

Post by kf »

rogue780 wrote: post #153
kf wrote: post #50

The FDA/DEA have waged war on the kratom industry in extralegal fashion; I've had my personal bank accounts and credit cards shut down without explanation via https://en.wikipedia.org/wiki/Operation_Choke_Point . With Operation Chokepoint over, the DEA/FDA still have colluded to prevent the kratom industry from processing credit cards. For my website www.getkratom.com, we take checks, echecks, and cryptocurrency. Sal…

I used to get kratom from you a while ago. Unfortuantely, kratom itself started affecting me negatively and I couldn't keep using it

That seems to be a cycle with our customers, after 6 or 9 months the plant often does the thing people need and they stop when it stops working for them.

Re: Ask HN: How do you process payments?

#160

Post by nick_wikilerts »

dreamer7 wrote: post #14

We use MangoPay. The customer service or tech support isn't as great as Stripe but they have a really intuitive model for marketplaces

Yes, it's a really great service. If you want to see how it can be implemented, please have a look at https://sellcodes.com
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