61–70 of 205 posts
I'm all for a competitor in this space. PayPal is very cocky and stagnant.
It has reached the point that i think twice about doing business if the store only offer Paypal.
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.
Wonder why they didn’t go with Stripe, but with an European competitor? This is great for the European tech scene.
Stripe "is"/"was" also European :)
It'd be like claiming that SpaceX is South African.
https://www.startupgrind.com/blog/the-collison-brothers-and-...
I'm all for a competitor in this space. PayPal is very cocky and stagnant.
Heh, I felt PayPal has been playing catch up for years now. Cocky maybe, certainly not stagnant.
Hmm. Maybe I'm misinformed? What kind of innovative things have they done recently? As a PayPal merchant, the UI is still a clunky mix of old and new, and weird session errors and logging in twice, etc. We just barely got past SHA1 certs.
Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.
Adyen had a better story for omni-channel commerce with card present, but they made us integrate with COM. COM! Apparently they have card present readers coming out that allow you to send some JSON.
In the end after hundreds of hours invested in it, we ditched Adyen. We did have it running in production, BTW. Their pricing was not any cheaper than we got from stripe with interchange plus.
(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.
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…
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.
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…
Basically, great work.
But for larger companies ready for deeper optimizations, especially on the pricing side, "bare metal" merchant services will always have their allure.
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)…