EBay to Ditch PayPal for Dutch Payment Processor Adyen
151–160 of 205 posts
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#152Does anyone here use Adyen? We use Stripe but are starting to consider options that may increase conversions.
I implemented it for a company I was consulting for. I liked it. Their integration was not as terrible as many here make it seem. What I liked is that it allowed us to offer every payment option under the sun, including "native" options for the European market my customer is operating in (i.e. "iDEAL" for the Netherlands, "Sofort-Überweisung" for Germany, etc).
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#153Earlier quoted context omitted.
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.
Yeah, but that's like buying a gift card for every merchant. That's a huge inconvenience. I can't buy one for every small website I want to buy stuff from..
It's 2018 we should be generating these on the fly from my encrypted 2FA phone app instantly.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#154Earlier 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…
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Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#155Earlier quoted context omitted.
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…
Isn't 3DSecure like this? If properly implemented (a giant if, there), the query to the payment provider would happen using client-side Javascript, so your credit card data doesn't touch the shop's server. Then a 3DSecure window from your bank pops up so you can confirm the payment. The alternative, telling the user to manually go to their bank and generate a token for amount X, would lead to so many people not bothe…
The problem with 3dsecure is that it's still driven by the merchant. If you see it, you can be pretty sure they're doing something right, but if you don't see it then you've just given them your payment details and have no recourse.
Many just don't turn it on because it's another step and they don't have issues with fraud, as well.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#156Earlier quoted context omitted.
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...
Não entendi essa...
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#157Earlier quoted context omitted.
Yeah, but that's like buying a gift card for every merchant. That's a huge inconvenience. I can't buy one for every small website I want to buy stuff from..
It's 2018 we should be generating these on the fly from my encrypted 2FA phone app instantly.
This is a reality in many places already. On the internet I never input any real card details, I go to the app, generate a virtual card with X amount available or for one buy only or for a single merchant for Y amount of time and use the generated card details instead.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#158Earlier quoted context omitted.
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.
Going to a well known third party is a guarantee that my payment data isn't sitting in a poorly secured vendor database. That's more important to me than a seamless transaction. PayPal is most useful when you don't fully trust the site you are buying from to have their shit together.
That's not how Stipe and similar services work. They exist to prevent your scenario. They actually work very similar to Paypal except that you don't have to be redirected to the Paypal site to enter your credentials. Instead you get a small "secured by Stripe" widget that takes the credentials (directly to Stripes PCI compliant servers so that yours don't have to be).
As a reply you'll get some kind of token that you can use to actually charge the credit card (or SEPA, or whatever else).
It's a secure way of handling payment without the "we're now redirecting you to some payment site" which BY THE WAY Paypal themselves offer in the form of their Braintree payment services.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#159Earlier quoted context omitted.
Going to a well known third party is a guarantee that my payment data isn't sitting in a poorly secured vendor database. That's more important to me than a seamless transaction. PayPal is most useful when you don't fully trust the site you are buying from to have their shit together.
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…
But these problems don't exist if you use a service like Stripe. You never ever store any confidential customer information on your own servers.
Re: EBay to Ditch PayPal for Dutch Payment Processor Adyen
#160Earlier quoted context omitted.
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…
> I wish there was a fundamentally different way of handling payments Seconded. At the risk of simply rephrasing everything you just said: It's a pity the banks and credit card companies just refuse to innovate. When I buy something from an online vendor, they should never get my full card details. PayPal ameliorates things (you can generally trust PayPal), but really there should be no need for PayPal. The banks/cre…
> (you can generally trust PayPal)
I agree, but I also have a counterexample:
"Oh, you bought SOFTWARE?? All those pretty marketing pages about our amazing safety and protection system do not apply to virtual products. We agree this vendor totally screwed you over, but it's not our problem."
(this was a few years ago, may have changed)
edit: It eroded my trust in the company completely. I don't really have an opinion of their technology.