Only seems to support German bank accounts at the moment (not any European) - though they're not terribly difficult to open.
Samwers Clone Stripe
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Re: Samwers Clone Stripe
#22This is great news. I'll be adding subscription payment options to my UK-based startup in a few months.
I'd love to be able to use Stripe and I hope that the introduction of Paymill brings Stripe support to the UK more swiftly. If not, I can use Paymill.
Re: Samwers Clone Stripe
#23Only seems to support German bank accounts at the moment (not any European) - though they're not terribly difficult to open.
consider alternatives:
+ WireCard.com as gateway/acquirer. Works for all EU countries.
Re: Samwers Clone Stripe
#24Earlier quoted context omitted.
I was initially appalled when I first read about the Samwar clone factory. Now I agree, in cases like this they're filling a gap in the market.
The only gap is, that Recurly and Spreedly were not able to tell the EU founders that their service is available and working perfectly fine with European payment gateways. They all have JS and REST-APIs and a lot more: - http://recurly.com/ - http://spreedly.com/
Yeah, but the problem is you still need a gateway, whereas with Stripe/Paymill, everything is included. Luckily, Braintree now supports EU as well.
Re: Samwers Clone Stripe
#25Looks like they're a PHP shop and only offer PHP client libs yet. Seems they didn't even understand the message Stripe has in kinds of developer focus. Also: Why would I use a payment service of the biggest copy cat company in the country ? To deliver them my revenue numbers on a silver plate so they can decide if they should "enter my market"? They don't even openly publish the upcoming fees and just want you to "ve…
The reason why you might consider it: Payments are still a very annoying topic in Europe. (imho)
I think that's an important point. They are successful because the American-only companies typically take a while to move into foreign markets, if ever.
Re: Samwers Clone Stripe
#26Will never be as good as Stripe. Mostly because Stripe is coded by it's founders, get support questions answered by their founders who will even teach you how to use git. :)
That stuff is great, but doesn't help EU customers if they can't use it. So at present this thing is already better than Stripe, because "90% of success is showing up". The repeated message from EU countries is "get here, we need you", and the repeated answer is "we'd love to, but can't yet". That's handing the business to Samwers on a silver platter.
I'm in South Africa. I can't even begin to imagine how long it'll take Stripe to get here.
(btw, didn't downvote you)
Re: Samwers Clone Stripe
#27Earlier quoted context omitted.
The only gap is, that Recurly and Spreedly were not able to tell the EU founders that their service is available and working perfectly fine with European payment gateways. They all have JS and REST-APIs and a lot more: - http://recurly.com/ - http://spreedly.com/
Yeah, but the problem is you still need a gateway, whereas with Stripe/Paymill, everything is included. Luckily, Braintree now supports EU as well.
You want a local, independent gateway and acquirer anyway (same jurisdiction, language, support…) which both Spreedly.com and Recurly.com support with http://www.WireCard.com/
In bad circumstances you don't want to lose all your payment infrastructure e.g. if paymill or stripe go out of business/have issues. That's why dealing with 2 parties may look odd but in the end it is worth the effort.
If you have problems paying the 50-100$ monthly fee, then your business is the problem. Not your payment partner.
(WireCard is a profitable, public credit-card processing bank, the chances that they go out of business is much lower than VC driven payment startups. See http://www.wirecard.com/investor-relations/ for details. They do CC-payments for Deutsche Telekom and Lufthansa. >11 Billion Euro/year)
Re: Samwers Clone Stripe
#28I 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 others.
We're not talking about products that you need an huge infrastructure in the country. This is mostly about translation, and not explicitly prohibiting things.
The expenses seem miniscule to the possible upside. So why do all those fancy startups hold themselves back?
Re: Samwers Clone Stripe
#29Now that Europe has had this, where's Canada? Am I still stuck with PayPal as my only viable option for payments?
Re: Samwers Clone Stripe
#30I 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…
You are vastly underestimating the effort required in setting up a payment gateway in a country.