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Samwers Clone Stripe

paymill.de

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Re: Samwers Clone Stripe

#141

Post by donald_draper »

daemon13 wrote: post #134
wulczer wrote: post #77

Earlier quoted context omitted.

Ouch, that's a big minus from the point of view of an European company - not having to look for another app to generate invoices or futz around with generating your own was nice. The specific issue with Recurly that we had is that they silently changed their platform to perform VIES validation on all VAT numbers. While this makes sense for transactions with entities from outside of the merchant's country, validating…

Did I understand you correctly that: 1. Recurly is right to add VIES validation for out of country transactions. 2. They shall not implement this feature for in country transactions. ???

Those are special cases for Germany and Spain (I implemented that stuff for a german webshop that has to make the same exception). I'd guess it's the same for Spain.

German customers who buy in a german webshop have to pay VAT and then claim it back later in their tax return, because the german tax authorities don't allow that exemption beforehand.

Re: Samwers Clone Stripe

#142

Post by s04p »

I'm not a big fan of the Samwers, and try to avoid using any of their services. And this time I might end up using their service. I simply have no option. This is not only proof of their lightening fast execution, but also how all others fail.

German/European startups: fail. None of them were interested to get into this space. They all want to become the next payment / mobile solution and all had no interest about serving the biggest platform- web.

Stripe: fail. I know how startups work. I know that expanding is not easy. But they have raised $20 Million. You could pay a local team of 10 a year, and would have not even spent 5% of your funding. There is just no excuse. German developers wanted stripe BADLY.

German / European banks: total fail. They completely lack of any vision, and are busy enough staying alive.

Re: Samwers Clone Stripe

#143

Post by naz »

kanamekun wrote: post #139
naz wrote: post #129

Earlier quoted context omitted.

> the credit card is authed right away... but not charged until the project is funded AND the deadline is reached (up to 60 days). Do you have a reference for this? I'm under the impression they only charge the cards once the funding goal is reached. Amex in particular only allows pre-authorizations to last up to a week.

1. If the project has met or exceeded its funding goal, all backers’ credit cards are instantly charged and funds go directly to the project creator. 2. If the project has not met its funding goal, all pledges are immediately canceled. And that’s it. Amazon Payments is the only processor that currently supports these requirements, and currently Amazon Payments does not support non-US recipients — meaning that you nee…

That doesn't say that they pre-authorize the amount. The requirement they're probably referring to is the ability to send funds directly to the project creator.

Re: Samwers Clone Stripe

#144

Post by Luc »

rmoriz wrote: post #140
Luc wrote: post #121

Earlier quoted context omitted.

> There is no validation except some nummerical tests. You can enter the number of some charity or your landlord when doing an order at e.g. Amazon. That is... simply not true. Or perhaps I am misunderstanding what you are saying. There isn't a bank in the EU that will allow you to make a transfer from an account that's not yours (authenticated by whatever means - card readers, digipass, RSA keychain gadgets that dis…

direct debit ("Lastschrift") is kind of a reverse transaction. You tell your $own bank to collect the money from an account of your customer at $other bank

Oh right, I see, my mistake. I didn't know Amazon used this. In Belgium it's only used (afaik) by 'trusted' institutions, like utility companies. And as a customer you still need to authorize them the first time.

Re: Samwers Clone Stripe

#145

Post by pgeorgi »

rmoriz wrote: post #16
aristidb wrote: post #2

That's a bit bizarre, because one would expect a German clone to support the payment variants that are far more popular than credit cards in Germany. EDIT: The biggest payment variant I was thinking of is direct debit (German: Lastschrift), which is highly convenient. However, wiring the money before getting the goods is also surprisingly popular here. Many people just don't have credit cards. (I do, but I also use s…

because nothing works like a credit card. e.g. the popular direct debit payments can be charged back very easily + you just have to search for an valid account number (= fraud). The only payment method that works with recurring and more or less "final/instant" transactions is credit card. So there is no alternative for SaaS or in-app-payments to credit cards (or some direct debit risk mitigation business like paypal)

Charge back from credit cards works just fine, too. And using it with either banking system gets you in rather serious trouble if you're found to abuse the charge back mechanism.

Safe payment methods are advance payment (since there's no reason to allow someone to charge back an order they've explicitely placed at their bank) and cash on delivery (though that's expensive). Which is why some large merchants (eg. Neckermann) restrict payment options to these two for the first transaction.

Re: Samwers Clone Stripe

#146

Post by jonny_eh »

naz wrote: post #143
kanamekun wrote: post #139

Earlier quoted context omitted.

1. If the project has met or exceeded its funding goal, all backers’ credit cards are instantly charged and funds go directly to the project creator. 2. If the project has not met its funding goal, all pledges are immediately canceled. And that’s it. Amazon Payments is the only processor that currently supports these requirements, and currently Amazon Payments does not support non-US recipients — meaning that you nee…

That doesn't say that they pre-authorize the amount. The requirement they're probably referring to is the ability to send funds directly to the project creator.

They definitely authorize credit cards when you pledge. It's happened to me when I pledged.

Re: Samwers Clone Stripe

#147

Post by wulczer »

daemon13 wrote: post #134
wulczer wrote: post #77

Earlier quoted context omitted.

Ouch, that's a big minus from the point of view of an European company - not having to look for another app to generate invoices or futz around with generating your own was nice. The specific issue with Recurly that we had is that they silently changed their platform to perform VIES validation on all VAT numbers. While this makes sense for transactions with entities from outside of the merchant's country, validating…

Did I understand you correctly that: 1. Recurly is right to add VIES validation for out of country transactions. 2. They shall not implement this feature for in country transactions. ???

That's right if you use "should" instead of "shall".

Re: Samwers Clone Stripe

#148

Post by biafra »

aquaphile wrote: post #65

There are _so_ many payment startups, so Paymill is the least of Stripe's worries. Just an ad-hoc list that have been recently funded: Approve.io Ogone Zuora Recurly Stripe gocardless.com (Royal Bank of Scotland) blinkpay/blinksale (no funding) Buck (fka Billing Revolution) Gumroad Dwolla Braintree ZenCash WePay Bango Clover PayOne (fka PaymentOne) Isis (verizon, At&t, etc.) Fee Fighters' Samurai Bump Pay BeamIt LEaf…

BTW: Payleven is also a Samwer (Rocket Internet) incubated company. Payleven is obviously a Square clone.

Re: Samwers Clone Stripe

#149

Post by vitno »

Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

I was actually talking to the Stripe president about this. He was talking about the difficulties in expanding to new monetary markets and how they have to partner with banks and such. However, They are expanding to Canada, UK, & Germany very soon.

Re: Samwers Clone Stripe

#150

Post by g8oz »

newlogg wrote: post #123

The Samwer's are effectively a tax on innovation. They contribute nothing new, only cut into the potential profitability of web innovators

They are delivering value to people around the world. Those people now don't have to wait on the expansion plans of companies which don't have globalization built into their DNA. Also they are a live example of what relentless execution looks like.
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