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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

#121

Post by phsource »

superplussed wrote: post #117
parito wrote: post #95

One of the bigger drawbacks of Adyen vs Stripe, although we wanted to work with them a lot, is, they require a crazy reserve (in the millions) if your model is subscription based. The logic behind it from them is, that they must be able to refund all your customers in case you go bankrupt, and you have subscribers left hanging without full-filled service they paid in advance for. Although I get the logic behind it, n…

Are you saying that to process recurring fees on Stripe (as so many startups do) that you need this reserve?

Definitely not, from experience. I think the opening poster means that Adyen needs such a large reserve, since I definitely know subscriptions-based startups that don't have any reserve with Stripe

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#122

Post by superplussed »

phsource wrote: post #121
superplussed wrote: post #117

Earlier quoted context omitted.

Are you saying that to process recurring fees on Stripe (as so many startups do) that you need this reserve?

Definitely not, from experience. I think the opening poster means that Adyen needs such a large reserve, since I definitely know subscriptions-based startups that don't have any reserve with Stripe

phew :)

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#123

Post by parito »

superplussed wrote: post #122
phsource wrote: post #121

Earlier quoted context omitted.

Definitely not, from experience. I think the opening poster means that Adyen needs such a large reserve, since I definitely know subscriptions-based startups that don't have any reserve with Stripe

phew :)

yes, I meant adyen, not stripe, sorry for confusion

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#124

Post by cyberferret »

whazor wrote: post #115
cyberferret wrote: post #14

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 have heard of it as it's a Dutch company and I am Dutch. They are doing really well in the sense of having many payment methods, as in Europe every country prefers a different method. The CEO has a lot of experience in payment integrations and financial transactions, even before starting Adyen. Furthermore, in the Netherlands they are also rolling out payment machines that are cheap and support many payment options…

Cool. As a native Dutch, perhaps you can shed some light. I saw on the video that the pronunciation of the name is more like "Ardee-yun". Is that correct? Also, is it a Dutch word? If so, I'm interested in learning what it means (if anything).

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#125

Post by pulse7 »

adventured wrote: post #63
NicoJuicy wrote: post #27

Earlier quoted context omitted.

Stripe "is"/"was" also European :)

Stripe has never been European, it was always headquartered and operated out of the US. It'd be like claiming that SpaceX is South African. https://www.startupgrind.com/blog/the-collison-brothers-and-...

And that Amazon is Portuguese...

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#126

Post by _susanoo »

cyberferret wrote: post #124
whazor wrote: post #115

Earlier quoted context omitted.

I have heard of it as it's a Dutch company and I am Dutch. They are doing really well in the sense of having many payment methods, as in Europe every country prefers a different method. The CEO has a lot of experience in payment integrations and financial transactions, even before starting Adyen. Furthermore, in the Netherlands they are also rolling out payment machines that are cheap and support many payment options…

Cool. As a native Dutch, perhaps you can shed some light. I saw on the video that the pronunciation of the name is more like "Ardee-yun". Is that correct? Also, is it a Dutch word? If so, I'm interested in learning what it means (if anything).

Adyen doesn't mean anything in Dutch. We, or atleast I as a native Dutch person, pronounce it AD (as in Latin ad) - YEN (as in the Japanese currency).

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#127

Post by Alexandervn »

cyberferret wrote: post #124
whazor wrote: post #115

Earlier quoted context omitted.

I have heard of it as it's a Dutch company and I am Dutch. They are doing really well in the sense of having many payment methods, as in Europe every country prefers a different method. The CEO has a lot of experience in payment integrations and financial transactions, even before starting Adyen. Furthermore, in the Netherlands they are also rolling out payment machines that are cheap and support many payment options…

Cool. As a native Dutch, perhaps you can shed some light. I saw on the video that the pronunciation of the name is more like "Ardee-yun". Is that correct? Also, is it a Dutch word? If so, I'm interested in learning what it means (if anything).

From their about page, it's 'Surinamese for “Start over again”'. It seems to be pronounced as "Ah-dee-yen".

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#129

Post by vectorEQ »

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 agree it's actually kind of bad that payment providers don't provide this page. todays technology could even render it on the webpage of the customer shop without redirecting fully to another page (scrpt scr=paymentproviderscript.bla? or so?). If people have to maintain and host their own script it makes them horrible prone to attack. In which case i'd rather have a payment provider who needs to secure it than every customer of the payment provider (reduces attack surface). i think paypal does good by providing this passive system and other providers should follow it, and perhaps if it's not to their liking innovate in this line instead of dumping their issues to the customer shop.

Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen

#130

Post by jobigoud »

reacharavindh wrote: post #116
donatj wrote: post #88

Earlier quoted context omitted.

This. Entirely. I used to work for a small ecommerce webdev shop. I’ve worked on sooo many shitty insecure shopping carts over the years I simply know not to trust basically any small website asking for my card. Completely unencrypted, storing CVVs, sending CC details as GET parameters, I’ve seen it all. It’s painfully common! If a company is not a huge name, and is handling your credit card info themselves, they are…

This. I wish there was a fundamentally different way of handling payments. Something like a one time hash you give the vendor that serves like a digital check(cheque). This way, if they lose the hash they lost their money instead of the customer's. Handing a merchant credit card details "feels" like handing them a blank Check and trusting them to not take more than they should because of the risk of them losing the d…

There are also banks that provide virtual credit cards that can only be used by one merchant and where you specify the max amount and expiration date.
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