31–40 of 45 posts
Because nobody else has a "buy now" button that is so simple to be plopped onto a static site and doesn't have a monthly fee. Stripe requires a back end and a fee. Shopify has a monthly fee. If you're doing low volume, that fee adds up.
there are a few "buy me a coffee" websites that basically act as a middle man for stripe that take 2-3% fee.
Paypal provides an effective dispute resolution process and enables customers to pay for stuff by explicitly authorizing a payment and without giving away their payment info to unknown third-parties.
I once saw a pdf which listed all the third parties that PayPal shares its information with. It was more than 30 pages.
It's immatetial how much data paypal shares around. What's important is that I can share my CC with paypal and use paypal to buy stuff from any store that accepts it, and the risk of my CC data ending up in the private stash of any random CC fraudster is so low that such a thing is practically unthinkable.
Earlier quoted context omitted.
>> Paypal provides an effective dispute resolution process and enables customers to pay for stuff by explicitly authorizing a payment and without giving away their payment info to unknown third-parties. > I once saw a pdf which listed all the third parties that PayPal shares its information with. It was more than 30 pages. What kind of info do they share with those third parties? I think the GP's point stands, since…
Offtopic: PayPal shares more than we think it does. I've had issues where certain merchants asked me to confirm identity by sending copy of utility bill for address I had on PayPal account. I thought my address is private so sent a bill for my siblings house where I also paid the bills for internet, but they reported that address is not same with PayPal, so I argued a bit but eventually had to send one for correct ad…
The fee is paid by businesses, not the end-user customers who use PayPal. Thus it doesn't even enter the equation when users choose PayPal. I personally like PayPal because then I only have to update my card info in one place as opposed to 50 different websites. Also when some random website gets hacked, I can be sure that my card info isn't getting leaked. In addition, some sites only accept cards that have been iss…
guess, to whom the business is passing these 5%?