Good luck with integration.
Gov.uk has replaced Stripe with Dutch provider Adyen
151–160 of 253 posts
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#152It hurts a little that stripe is an American company since it was founded by two Irish brothers. It could have been an EU company to begin with
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#153Earlier quoted context omitted.
You are also being subsidised by debit card users.
How many people are actually buying things on a Debit card? I imagine not a lot
I can’t remember the last time I paid using anything else in the UK. Occasionally a credit card if I need additional protection
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#154It hurts a little that stripe is an American company since it was founded by two Irish brothers. It could have been an EU company to begin with
People don't make a company. Stripe exists as is because it's not a EU company.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#155It hurts a little that stripe is an American company since it was founded by two Irish brothers. It could have been an EU company to begin with
People don't make a company. Stripe exists as is because it's not a EU company.
Why though? Because they raised a lot of capital in the US? Or because they had access to better talent in the US?
As I see, there are many payment providers in the EU, just not API first as Stripe ever was.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#156Earlier quoted context omitted.
Payment processing costs are a scam. They're 10x as expensive as they need to be to fund rewards programs and fund the financial system. EU max credit card transaction fees are 0.3%, in the US they can be up to 4%. It just doesn't cost 4% of a transaction to handle the exchange of funds. Just wealth transfer to finance people and the upper class who take advantage of credit card perks.
The only good use case for a credit card is if you are buying something from someone you do not trust. I have a CC and it use it a few times a year. But using them to pay for groceries or ordering something from Amazon is just moronic. The way I see it: you are either rich and don't care or you are poor and need to spend money that is not in your account (no judging I grew up poor and had to hide from debt collectors…
Note that this is highly location dependent. In most of Europe, credit cards are basically all that exists (that is, even "debit cards" are just credit cards with a balance); and regardless of the type of card, because all payments are either chip & pin, biometric based, or verified with some additional 2FA, it's extremely hard to dispute a charge, whether a charge to a credit or debit card.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#157Earlier quoted context omitted.
Interchange average in the UK was about 0.2% last time I looked (which was a few years ago), it't not much anyway. Also the government doesn't really do card transactions. I imagine this is for fairly rare things like renewing your passport, booking a driving test or buying a title copy. Oh and visa fees maybe? Small beer anyway, it's not like people are paying taxes via card.
Why do you think that? People definitely pay taxes by card. But regardless this contract is _not_ for HMRC payments, its for gov.uk pay which is basically a centralised service that other services can use.
GOV.UK pay has done £9.2B in payments in the last decade, with an average of £67
https://www.payments.service.gov.uk/performance/
A very crude calculation for £1B a year in payments (thats probably too low) would mean a payment to Ayden (contract is upto £25M over 3 years) of 0.8%
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#158Earlier quoted context omitted.
There’s a huge difference for small business owners. Stripe has a Get started button. You click it, fill out a form, get your site approved in maybe a day, and start making money. Adyen has a Talk to our team button. You close the tab and never think about it again until you’re making serious money. --- Edit: that is, of course, by design. Adyen doesn’t want small businesses. From the sibling comment: > only able to…
Adyen has resellers. Mollie is one example, they do have. Get Started and no lower limit. These smaller parties rely on the bank license of Adyen
Lightspeed is powered by Adyen and serves smaller businesses.
https://www.adyen.com/knowledge-hub/lightspeed-integrated-pa...
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#159Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#160So maybe it'll stop taking three requests, 1-2 months, and a certified letter every year to receive your tax refund? HMRCs digital services in general are pretty good, but refunds not so much.
My self assessment refund came through within days of submitting my assessment.
2-3 years ago they changed something and I know tens of people (and I don't know that many people) say that now filling in bank details in the SA itself has become a no-op, and that they (and I) now had to explicitly request a withdrawal of the balance. Often 2-3 times.
And it's not been a matter of waiting. The money just sits there for the better part of a year before people have noticed.