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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

#41

Post by dboreham »

analog31 wrote: post #13

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)…

Wouldn't small time eBay sellers just use whatever payment processor eBay integrates with? (there's no need for them to host any part of the payment process since the transaction is conducted entirely on eBay). Reasons to not use the default processor would be : transaction cost.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#42

Post by dboreham »

roordan wrote: post #39
analog31 wrote: post #13

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)…

I think the idea is that eBay doesn't want to have users sign up with Paypal anymore. Instead only ever interact with eBay, with Adyen just being the pipes for eBay.

The idea is that they want their god-given chunk of that sweet transaction margin, not hand some proportion of it over to PayPal.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#43

Post by lachyg »

buildbuildbuild wrote: post #40

Potentially a great move for eBay to reign in processing fees and to consolidate the dispute resolution process within their own platform. A large pain point for many eBay users has been Paypal's opaque dispute process. (I admit to bias: I lost ~$5,000 in Paypal balance while in college due to Paypal siding with a dishonest international buyer) For those of you contemplating Adyen vs. Stripe: Adyen is much more "bare…

(I work at Stripe.)

Glad to hear on the developer friendliness! If there are ways we can continue to improve on that front, please shoot me a note: lachy@stripe.com

I'm curious though what you mean when you say Adyen is much more "bare metal" than Stripe. We don't typically talk too much publicly about our underlying infrastructure (our goal is to abstract away that [hopefully] unnecessary complexity), but we do strive to be as close to the bare metal as possible. (We're directly connected to all of the major card brands, and have "acquiring licenses" in numerous markets.)

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#44

Post by roordan »

dboreham wrote: post #42
roordan wrote: post #39

Earlier quoted context omitted.

I think the idea is that eBay doesn't want to have users sign up with Paypal anymore. Instead only ever interact with eBay, with Adyen just being the pipes for eBay.

The idea is that they want their god-given chunk of that sweet transaction margin, not hand some proportion of it over to PayPal.

Ha! Nothing like improving the bottom line.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#45

Post by jaredtking »

toomuchtodo wrote: post #6
toptal wrote: post #5

Earlier 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?

My company, Invoiced, supports routing payments across different processors/merchant accounts. There are many interesting use cases for it within the billing space beyond just cutting transaction costs.

One common use case we see is trust accounting for lawyers. The gist of it is that trust and operating funds are stored in separate bank accounts, depending on the context of the bill. It’s a legal requirement that can result in disbarment if not followed properly.

Another scenario we run into is with insurance billing where policy payments need to go to different bank accounts or even be handled by a different processor, depending on the policy.

I know of other software systems that can do payment routing as well.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#46

Post by 2xlbuds »

dboreham wrote: post #38
Someone1234 wrote: post #3

If 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.

Yes. The Masters of the Universe decided that there was "value to be unlocked" by spinning off PayPal. Or at least...someone's spreadsheet said there was value to be unlocked..

Carl Icahn to be exact

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#47

Post by master-litty »

lachyg wrote: post #43
buildbuildbuild wrote: post #40

Potentially a great move for eBay to reign in processing fees and to consolidate the dispute resolution process within their own platform. A large pain point for many eBay users has been Paypal's opaque dispute process. (I admit to bias: I lost ~$5,000 in Paypal balance while in college due to Paypal siding with a dishonest international buyer) For those of you contemplating Adyen vs. Stripe: Adyen is much more "bare…

(I work at Stripe.) Glad to hear on the developer friendliness! If there are ways we can continue to improve on that front, please shoot me a note: lachy@stripe.com I'm curious though what you mean when you say Adyen is much more "bare metal" than Stripe. We don't typically talk too much publicly about our underlying infrastructure (our goal is to abstract away that [hopefully] unnecessary complexity), but we do stri…

I interpreted that as a positive nod towards Stripe. In other words, Adyen and Stripe provide equivalent functionality but Adyen requires more work to adopt.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#48

Post by koolba »

dcosson wrote: post #32
analog31 wrote: post #13

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)…

Not sure I follow - you mentioned not handling browser compatibility which implies you're not directly writing the html/css for the site. If you're using shopify or hosted wordpress or something, I would think most of those providers would handle the Stripe integration for you? You also mention a passive web page, if you're talking about a static site (as in a jekyll or hugo site hosted on S3), you may be right. I do…

You don’t need any of that. For a small shop an email from the payment processor with the customer’s name, address, and order details is all you need.

No lambda, backend, or database necessary.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#49

Post by jonknee »

dboreham wrote: post #38
Someone1234 wrote: post #3

If 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.

Yes. The Masters of the Universe decided that there was "value to be unlocked" by spinning off PayPal. Or at least...someone's spreadsheet said there was value to be unlocked..

And there actually was... PayPal itself is still (after this news) worth more than both eBay and PayPal were as a single company. Add both together and it was an obvious win.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#50

Post by roordan »

thebiglebrewski wrote: post #4

Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.

Generally, Adyen is cheaper than Stripe but Stripe is easier to integrate. When considering moving from Stripe to Adyen, It comes down to a equation of dev cost/resources to integrate to Adyen compared to the amount of reduced fees/increase auth rates.

The more volume you process, the more a switch makes sense. and this difference of mentality is reflected by the fact Adyen has minimum monthly invoices when Stripe does not.

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