Accepting credit cards online for recurring payments in Europe
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Re: Accepting credit cards online for recurring payments in Europe
#2Author here. Are there any other important payment solutions we should be looking out for (available in Europe, Belgium) that I forgot to mention in the blog?
Re: Accepting credit cards online for recurring payments in Europe
#3Another interesting discussion on this topic: https://news.ycombinator.com/item?id=5091069 (not limited to recurring payments)
Re: Accepting credit cards online for recurring payments in Europe
#4I find it strange that everytime I read something about payments in Europe it's about credit cards. I don't know anybody here in Germany that uses credit cards as their main way for payment, most people I know don't even own a credit card.
If you don't offer direct debit or wire transfer I won't buy anything from you.
Re: Accepting credit cards online for recurring payments in Europe
#5I find it strange that everytime I read something about payments in Europe it's about credit cards. I don't know anybody here in Germany that uses credit cards as their main way for payment, most people I know don't even own a credit card. If you don't offer direct debit or wire transfer I won't buy anything from you.
We are a B2B company so we are not selling to consumers. If that is your primary market, I agree that you might lose a lot of sales with only offering credit cards (anyone has a reference for this?), but I also think paying with credit card is on the rise thanks to companies like Amazon.
Re: Accepting credit cards online for recurring payments in Europe
#6I find it strange that everytime I read something about payments in Europe it's about credit cards. I don't know anybody here in Germany that uses credit cards as their main way for payment, most people I know don't even own a credit card. If you don't offer direct debit or wire transfer I won't buy anything from you.
If you want to sell internationally, credit cards are practically the only way possible. If you ask me, there is no standardized way to allow users to pay via wire transfer (internationally and instantly). Heck, even amazon.com does not support international wire transfer.
I think even consumers are getting used to the fact that ordering online internationally is done mostly via credit cards.
Another question is, how would you handle automatic recurring payments?
Re: Accepting credit cards online for recurring payments in Europe
#7That's a nice post, glad you have got the solution for recurring payments. In India we don't have that open yet.
Re: Accepting credit cards online for recurring payments in Europe
#8I find it strange that everytime I read something about payments in Europe it's about credit cards. I don't know anybody here in Germany that uses credit cards as their main way for payment, most people I know don't even own a credit card. If you don't offer direct debit or wire transfer I won't buy anything from you.
If you want to sell internationally, credit cards are practically the only way possible. If you ask me, there is no standardized way to allow users to pay via wire transfer (internationally and instantly). Heck, even amazon.com does not support international wire transfer. I think even consumers are getting used to the fact that ordering online internationally is done mostly via credit cards. Another question is, how…
The standard way of handling recurring payments is to send recurring invoices and have users pay those. I don't see the issue.
(I agree with you that CC's are the only practical way nonetheless.)
Re: Accepting credit cards online for recurring payments in Europe
#9Earlier quoted context omitted.
If you want to sell internationally, credit cards are practically the only way possible. If you ask me, there is no standardized way to allow users to pay via wire transfer (internationally and instantly). Heck, even amazon.com does not support international wire transfer. I think even consumers are getting used to the fact that ordering online internationally is done mostly via credit cards. Another question is, how…
The standard way of handling recurring payments is to send recurring invoices and have users pay those. I don't see the issue. (I agree with you that CC's are the only practical way nonetheless.)
Yes that's true, and many businesses work that way. It heavily depends on the use case.
That's why I carefully added "internationally and instantly" between brackets here.
Re: Accepting credit cards online for recurring payments in Europe
#10Well my experience with braintree is that if your business model is innovative enough they won´t take the risk to process your payments (told personally by a braintree representative in a phone conversation, after a brief explanation of our business model). At least they are very kind, and they´ll tell you before hand, so you don´t have to waste time with all the legal paraphernalia.
A pity because the API seems really fast to implement and well thought.
Respecting Paymill... well we are not going to put data on the hands of the Samwer brothers right away(just in case...).
edit: typo.