181–190 of 253 posts
I would prefer they take this money and either build a payment processor or use an existing UK company. The UK government is addicted to offshoring all contracts it can, and then is surprised when the cheapest possible quote actually ends up ballooning over the agreed amount.
> Adyen will take over GOV.UK Pay card payments for local authorities, police forces and armed forces units from Stripe, as well as pay by bank services, under a three-year contract worth up to £25.3 million. I would prefer they take this money and either build a payment processor or use an existing UK company. The UK government is addicted to offshoring all contracts it can, and then is surprised when the cheapest p…
Risk, time, complexity, mismatched skill-sets... "getting a new thing built" didn't work so well with (for example) Fujitsu and the Post Office, or the billions spent to little or no avail on NHS digitalisation. Seems to be a case of "damned if you do, damned if you don't".
> use an existing UK company
Are there established UK-based payment processors with equivalent abilities?
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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
Mollie also doesn't want small businesses, unfortunately. (We were rejected as too small.)
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Sadly pretty normal for European companies. The penalties they face for signing up a bad customer are so much harsher they won't risk letting just anyone sign up without actual KYC not just checkbox KYC. This is the same reason Hetzner turns away 50% of its customers.
I used to work at Stripe and they subject to the same penalties as Ayden. There is a misconception that Stripe is an American only company, they have dual HQ model in Ireland and San Francisco. Since they are an Irish founded company and they have an EU entity “Stripe Technology Europe”. They can be kicked out of entire countries and regions if they didn’t have an extensive KYC systems and be fined just the same. Sin…
Well, it does makes sense. I’d be more interested in the rejection rate for businesses that are allowed but are just starting up.
> Adyen will take over GOV.UK Pay card payments for local authorities, police forces and armed forces units from Stripe, as well as pay by bank services, under a three-year contract worth up to £25.3 million. I would prefer they take this money and either build a payment processor or use an existing UK company. The UK government is addicted to offshoring all contracts it can, and then is surprised when the cheapest p…
It 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
It 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
Earlier quoted context omitted.
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...
It 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
But it is Irish. Its HQ is in Dublin.
Earlier 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