.

Stripe is developed by a few guys in Ireland, and PayPal wanted to buy them. They do have a simple working product, but they are fairly small. Stripe is backed up financially by Elon Musk, who founded x.com which later aqcuired PayPal

Quote from: PaulieWalnuts on October 12, 2013, 14:16

I guess the question I'm trying to answer is would I end up gaining or losing buyers if I went credit card only with Stripe.

Can't answer that one. I've never heard or Stripe nor used any site which does.
I will say that I have aborted buying when they use something I haven't heard of.

From the buyer side you will not see the name Stripe, it's just a normal secure credit card gateway.  Authorize net would be definitely more popular but you have to pay big fees for that.

Quote from: PaulieWalnuts on October 11, 2013, 20:39

What if a site only offered credit card payment and not Paypal? Would that stop you from buying there?

I have a Paypal debit card (mastercard) so I just use that if they don't take paypal.

Good point!

Quote from: PaulieWalnuts on October 12, 2013, 14:16

Quote from: asmai on October 12, 2013, 08:45

Quote from: PaulieWalnuts on October 11, 2013, 20:39

What if a site only offered credit card payment and not Paypal? Would that stop you from buying there?

If you are wondering for your own site, i would say this is not the right forum to ask. Most of us here are contributors who have a Paypal account and get paid through Paypal so we dont have a problem paying with it. I pay with PP only for small amount and only when i have some balance available from my payments from agencies (not that often because i withdraw my money almost right away normally). I know my friends and family and many people who dont have a Paypal account and they would run away in a heartbeat seeing the Paypal  logo. The problem with Paypal is that they really want to make it hard for people who dont have an account to  pay by credit cards with them, the option of paying with a CC is hidden so well on their page, at some point they even want you to open a guest account with them to be able to pay with CC. Also, if you have a PP account (they know  through your email address) and dont want to pay with it (because you dont have enough balance for example)  it would be problem sometimes as they want to force you to pay with it and dont give you the CC option. 
FYI, from the sales on my site during the last 6 months with Paypal setup: 100% of payment over 30$ are paid with CC, below 30$ about 60% paid with PP, 40% with CC and i just switched to Stripe a week ago after one test purchase where i see PP requires you to open a guest account and show you no option of CC before you do that (they removed it now but i have no trust they wouldnt do it again).

Yes, exactly. Good info thanks. I have Paypal on my site now and am considering switching to Stripe.

My stats show a lot of abandoned carts. I'm sure some of it is people messing around but some of it seems legit. I did a test purchase and I can see how the Paypal process could be confusing.

I tested Stripe and it's user friendly, simple and almost foolproof for buyers.

I guess the question I'm trying to answer is would I end up gaining or losing buyers if I went credit card only with Stripe.

How'd you get your stats? Is there a way to tell what percentage of Paypal transactions were from credit cards?

When you get a payment in your paypal account there is an info about the buyer. Buyer using credit card is "Unregistered", buyer using Paypal will either be "verified" or "non-verified".
Before switching to Stripe i checked the Photoshelter forum and people have  good thing to say about Stripe.  many of them have problems with buyers who felt like they had to open an account with Paypal in order to buy and they dont like that.
It would be best ofcourse if we can have both paypal and stripe but right now maybe we have to experiment to see what is best for our type of clientele, you can always switch back easily. I have just started so i will see and will look at it again in about 6 months or so.

Great info. Just checked my last 10 orders and 5 were unregistered.

Looking at your poll and your own transactions you are about to cut your business with 50-60 percent.

I dont think its smart to abandon PayPal. Its extremely popular in the USA and you can get a lot of overseas buyers if you use PayPal, I know for example in Germany PayPal is popular because Germans do not like to use credit cards, they want to make bank payments, which is easy with PayPal.

https://www.paypal.com/webapps/mpp/ent-online-attract-shoppers

Yes Paypal is great if you are located in North America or parts of Europe but they have no legal presence in Asia and they stole hundreds of dollars from my account and I was unable to get jurisdiction over them legally to try and get my money from them - I see paypal and I run in the opposite direction - they are beyond disgraceful in how they treat people in certain parts of the world. I have never hated a company more than I do paypal because they manipulate unequal situations -  I could get my money from them if I travelled to California and took legal action but obviously not an option when we are talking about less than a thousand US dollars - and they are well aware of that.

I favour the Payoneer route myself - and if it is a large purchase and I dont have a big enough balance then I transfer money into the account -but I feel safer using them online than credit cards. And I view Payoneer as evil. Honestly I do.

In my one month experiment of switching just to credit cards my sales dropped 75%. So, Paypal it is.

I think a lot of people use Paypal as their hidden or play money so that may have been one reason for the drop.

Thanks, Paulie, it's good to know.