Ask HN: How do you process payments?

Post by nickphx » Wed, Jan 29, 2020, 5:03 AM UTC

esdott wrote: post #20

I am also interested in this question but would also love to know the average percentage people are paying. It’s always been interesting to me how stripe (and the like) are basically a premium over less polished tools like Authorize.net but are able to charge as much as a percentage point more for basically the same thing. I’ve built payment integrations my entire 20 year career and have always appreciated how ease o…

Post by scottmotte » Wed, Jan 29, 2020, 5:06 AM UTC

perennate wrote: post #28

esdott wrote: post #20

I am also interested in this question but would also love to know the average percentage people are paying. It’s always been interesting to me how stripe (and the like) are basically a premium over less polished tools like Authorize.net but are able to charge as much as a percentage point more for basically the same thing. I’ve built payment integrations my entire 20 year career and have always appreciated how ease o…

Is Authorize.net not also 2.9% + 30 cents? ( https://www.authorize.net/sign-up/pricing/ )

Post by thinkmassive » Wed, Jan 29, 2020, 5:19 AM UTC

qwerty456127 wrote: post #15

sillysaurusx wrote: post #10

Earlier quoted context omitted.

How many payments have you processed? I thought Bitcoin died as a payment medium. People have figured out that the overhead is only about $0.50 if you're willing to wait, but most consumer apps don't make it easy to default to the lower fee. (I haven't looked into this for some time, so that last paragraph is a bit dated.)

It is worth mentioning that today "you're willing to wait" actually means just some minutes. I've actually started using BitCoin to pay for things recently and I was surprised to find out how easy and quick this actually is. This really is a no-bullshit electronic cash. No registration, no verification, no borders, quick and easy. I hope more goods and services are going to be offered for cryptocurrencies in future.

Post by wtracy » Wed, Jan 29, 2020, 5:26 AM UTC

hex1848 wrote: post #11

Authorize.Net is what we've used for online payments and our internal subscription processing for over a decade. API is easy to use. Never really had any downtime. Rates are competitive. No one has come along and given us much of a reason to change.

Post by conductr » Wed, Jan 29, 2020, 5:30 AM UTC

wheelerwj wrote: post #40

hex1848 wrote: post #11

Authorize.Net is what we've used for online payments and our internal subscription processing for over a decade. API is easy to use. Never really had any downtime. Rates are competitive. No one has come along and given us much of a reason to change.

Authorize.net is OLLLLLLLLD school. Its the primary merchant service that is recommended/resold by banks. I ended up choosing stripe but only because Stripe has better branding and was 'cooler' to use.