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EBay to Ditch PayPal for Dutch Payment Processor Adyen

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Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#21
post #15

Wonder why they didn’t go with Stripe, but with an European competitor? This is great for the European tech scene.

Maybe for tax reasons ... https://en.wikipedia.org/wiki/Dutch_Sandwich ... just because Ayden is based in Holland doesn't mean they bill there. For example Skype bills via Luxembourg.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#22
post #7

Earlier quoted context omitted.

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…

Stripe supports interchange plus when a business would prefer that solution. For the majority of businesses that we work with, they prefer the simplicity of the rates published on our site.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#23
post #7

Earlier quoted context omitted.

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…

Note that EU customers of Stripe get a drastically nicer 1.4% + 20p charge.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#24

I've never heard of Adyen here in Australia before this. I assume they are far more Europe/US oriented? I assume they will be rolling out the new integration world wide, so that it will become more ubiquitous? I believe Paypal has a local office in Aus, so I presume Adyen will be setting up local offices in most countries? (I also noticed on the video that it is pronounced "Adi-an" where I first thought "Ad-yen" whic…

I was pronouncing it Ay-den before reading this...

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#28

Here's what puzzles me. I have looked into Stripe, and just browsed the Adyen webpage. Both of those services seem to require you to maintain your own "active" server that can run server side code. PayPal seems to be unique in being able to take payments from a passive web page, because the customer conducts their transaction at PP's website. This is why I continue to use PP for my tiny little business (without eBay)…

How's visa checkout? War under the impression that it was a direct PayPal competitor.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#29

Earlier quoted context omitted.

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…

Note that EU customers of Stripe get a drastically nicer 1.4% + 20p charge.

It's not about a better deal from Stripe, it's Europeans have to pay less in general.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#30

I've never heard of Adyen here in Australia before this. I assume they are far more Europe/US oriented? I assume they will be rolling out the new integration world wide, so that it will become more ubiquitous? I believe Paypal has a local office in Aus, so I presume Adyen will be setting up local offices in most countries? (I also noticed on the video that it is pronounced "Adi-an" where I first thought "Ad-yen" whic…

I doubt Adyen is well known among North Americans either (the first market being rolled out for ebay). Ayden is used by Uber and Netflix and some other big names but that's mostly hidden in the background as they are integrated directly into the platforms. Unlike Paypal which has an obvious branded layer for all transactional layers.

I'm curious what the integration with Ebay will look like. Will users be redirected to their Ayden accounts ala Paypal or will it be branded via Ebay?

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