Why we ditched PayPal for Stripe
gc-taylor.com
Why we ditched PayPal for Stripe
1–10 of 120 posts
Re: Why we ditched PayPal for Stripe
#2I don't really consider Stripe a replacement for PayPal. You don't accept PayPal because it can process credit cards, you accept PayPal because millions of people want to pay with it. Don't get me wrong, I hate PayPal just as much as the next guy, but unfortunately it isn't a viable option to stop using it in favor of simply accepting credit cards right now (though Stripe is an awesome product!).
Re: Why we ditched PayPal for Stripe
#3More positive news about Stripe since the last time they were posted on HN. http://news.ycombinator.com/item?id=3053883. I will give them a try on the next e-commerce project I work on.
Re: Why we ditched PayPal for Stripe
#4I don't really consider Stripe a replacement for PayPal. You don't accept PayPal because it can process credit cards, you accept PayPal because millions of people want to pay with it. Don't get me wrong, I hate PayPal just as much as the next guy, but unfortunately it isn't a viable option to stop using it in favor of simply accepting credit cards right now (though Stripe is an awesome product!).
From the consumer's perspective: I don't want to give some random website my credit card info, but I'm OK with them going through PayPal for the checkout step.
Re: Why we ditched PayPal for Stripe
#5WePay doesn't require you to redirect them to their site.
Re: Why we ditched PayPal for Stripe
#6I don't really consider Stripe a replacement for PayPal. You don't accept PayPal because it can process credit cards, you accept PayPal because millions of people want to pay with it. Don't get me wrong, I hate PayPal just as much as the next guy, but unfortunately it isn't a viable option to stop using it in favor of simply accepting credit cards right now (though Stripe is an awesome product!).
Very true. Here's another example:
My wife sells knitting related things (patterns, books, yarn) on ravelry.com. They collect the payment for her and transfer the money to her paypal account. I suspect it will be a while before stripe can do such a thing.
Re: Why we ditched PayPal for Stripe
#7WePay doesn't require you to redirect them to their site. https://www.wepay.com/developer/tutorial/iframe
Perhaps "redirect" wasn't the best word to use. WePay does interrupt the flow of your site with their own system, however:
"The iframe checkout lets you embed an iframe on your own site that will contain the WePay checkout system."
With Stripe, we have 100% control over presentational stuff during checkout.
Re: Why we ditched PayPal for Stripe
#8I don't really consider Stripe a replacement for PayPal. You don't accept PayPal because it can process credit cards, you accept PayPal because millions of people want to pay with it. Don't get me wrong, I hate PayPal just as much as the next guy, but unfortunately it isn't a viable option to stop using it in favor of simply accepting credit cards right now (though Stripe is an awesome product!).
Very true. Here's another example: My wife sells knitting related things (patterns, books, yarn) on ravelry.com. They collect the payment for her and transfer the money to her paypal account. I suspect it will be a while before stripe can do such a thing.
If ravelry.com used WePay, each time someone bought one of her amazing works of art, the money would be deposited directly into a FDIC insured account that your wife controls.
From there, your wife could transfer the money directly into her own regular bank account.
If ravelry.com goes out of business before they transfer the money to her paypal account, there is no chance that they can take any of her money with them. (While highly illegal, I've seen this happen elsewhere with a similar setup.)
Re: Why we ditched PayPal for Stripe
#9Earlier quoted context omitted.
Very true. Here's another example: My wife sells knitting related things (patterns, books, yarn) on ravelry.com. They collect the payment for her and transfer the money to her paypal account. I suspect it will be a while before stripe can do such a thing.
If ravelry.com used WePay, each time someone bought one of her amazing works of art, the money would be deposited directly into a FDIC insured account that your wife controls. From there, your wife could transfer the money directly into her own regular bank account. If ravelry.com goes out of business before they transfer the money to her paypal account, there is no chance that they can take any of her money with the…
*ravelry, not raverly
Re: Why we ditched PayPal for Stripe
#10I don't really consider Stripe a replacement for PayPal. You don't accept PayPal because it can process credit cards, you accept PayPal because millions of people want to pay with it. Don't get me wrong, I hate PayPal just as much as the next guy, but unfortunately it isn't a viable option to stop using it in favor of simply accepting credit cards right now (though Stripe is an awesome product!).
I definitely understand the privacy concerns, and myself use PayPal for a lot of things. However, I think the need for it depends a lot on your audience, and the nature and reputation of your site.
We are fortunate enough (being new and in closed beta) in that our audience knows who we are and that we're not a random sketch site. Down the road, we probably will have to support PayPal again (though very differently), but for now our current state (closed beta) and our business model allow Stripe and traditional payment gateway-only checkout.
With that said, I will put a huge "YMMV" here! This is obviously not OK for every site, and the privacy concerns are very valid.