EBay to Ditch PayPal for Dutch Payment Processor Adyen
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Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#2(Autoplay video)
I wonder when eBay will change their rules that currently state that you must offer Paypal and cannot mention other payment options (including cash) in a listing.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#3If anyone else, like me, thought eBay owned PayPal:
> On October 3, 2002, PayPal became a wholly owned subsidiary of eBay. On September 30, 2014, eBay Inc. announced the divestiture of PayPal as an independent company, which was completed on July 20, 2015.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#4Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#5Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.
Adyen will be better if you have more consumer cards vs. business cards being charged. Nearly 100% chance of this, otherwise Stripe may win.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#6Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.
Adyen will be better if you have more consumer cards vs. business cards being charged. Nearly 100% chance of this, otherwise Stripe may win.
Is there middleware that can route transactions based on criteria to various payment processors?
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#7Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#8Earlier quoted context omitted.
Adyen will be better if you have more consumer cards vs. business cards being charged. Nearly 100% chance of this, otherwise Stripe may win.
Is there middleware that can route transactions based on criteria to various payment processors?
There definitely is not. Good idea though, however the margins would be razor thin. Possibly too thin.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#9Earlier quoted context omitted.
Adyen will be better if you have more consumer cards vs. business cards being charged. Nearly 100% chance of this, otherwise Stripe may win.
Can you explain why this is?
They built an incredible amount of infrastructure to support it, better than anyone due to the fact they were all ex payment execs. Business cards are nuanced and they didn't focus on it, though they're about 1:1 with Stripe.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#10Earlier quoted context omitted.
Adyen will be better if you have more consumer cards vs. business cards being charged. Nearly 100% chance of this, otherwise Stripe may win.
Can you explain why this is?
Adyen is an "interchange-plus" payment processor, which means they pass on the interchange fee charged to them by the payment processing networks, plus a fixed markup.
Stripe is a flat-rate payment processor: 2.9% + $0.30 on everything.
Interchange fees range from 0.05% to 3.2%, more or less. Most consumer cards are going to be significantly cheaper than 2.9% to process. Many people use "check cards" from their bank which are in that 0.05% category, for example. American Express and the top tier Visa and MasterCard rewards/business cards are the ones where interchange can exceed 2.9%.
There are many "interchange-plus" merchant account providers now. I get better rates than Adyen is advertising on their website right now.