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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

#51

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.

I remembered that eBay spun off PayPal, but I thought PayPal still owned x.com. But after checking, it looks like Elon Musk held onto that domain before selling his steak in PayPal.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#52

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.

I remembered that eBay spun off PayPal, but I thought PayPal still owned x.com. But after checking, it looks like Elon Musk held onto that domain before selling his steak in PayPal.

Elon bought x.com back from PayPal in July 2017.

https://twitter.com/elonmusk/status/884580654117076992

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#53
post #43

Earlier quoted context omitted.

(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.

I wasn't exactly sure which direction to read it :-) We often get questions around our underlying infrastructure and how we process payments (this is what I work on at Stripe!), so that bias is probably affecting my read...

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#54
post #32

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…

I'm using Google Sites. Previously, I wrote plain HTML, but just the most basic sort, that most browsers will typically format into something readable, even if not beautiful.

You're right, I mean a static site -- one that cannot run a server side script.

At its most basic level, you can pay me by going to PayPal and telling them to send money to my account. PP takes your credit card info. I get an e-mail, and my PP account shows a log of transactions. Then I click on "create shipping label," and it creates a shipping label (USPS or UPS) to the customer's address.

At a slightly higher level, PP will generate a "add to cart" button in the form of HTML that you paste into your web page. But it does the same thing as sending money to my account -- it just looks a bit more professional and maybe less confusing.

This is for a gadget, but for enthusiasts in an area where people are not typically tech savvy, and don't feel put off by a site that doesn't look professionally maintained.

Edit: I should note that despite seeming sketchy, a lot of trust is built into PP's buyer and seller protection policies. If I try to screw around with you in any way, PayPal will happily reverse the transaction.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#55

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.

I'll take a look. Thanks. If nothing else, offering two payment options would be good for the very small fraction of customers who have had a bad experience with PP for whatever reason.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#56
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…

I wonder if it's possible to optimize your payment processing fees by dynamically choosing between flat rate (for premium cards) and interchange plus (for regular cards) payment processors.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#58

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)…

The reason for processing on your own server is so you own the entire checkout experience. If you redirect he user to another site for payment, you run the risk of losing track of that user. Also, the third-party’s branding may clash with your own.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#59

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.

I can't speak for how it is now. However: the implementation for developers was so bad that they offered my company $200k to integrate it into our site and we STILL lost money on the deal.
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