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PayPal Adding One Million New Accounts Each Month

3 points by Cmccann7 16y ago

terrellm 16y ago
PayPal’s merchant services business has grown by over 40 percent year over year The reason Paypal is growing so fast is their rates are extremely competitive if you play by their game. I really feel for the guys like Braintree who are trying to do it right but just can't compete with Paypal's rates, particularly with Paypal offering the same qual and non-qual rates. I've used Paypal Merchant Services for several years and each year grow more fed up with the practices. Just a few include charging .5% extra if you do not include Paypal Express button in your checkout, keeping the 30-cent transaction fee on refunds, increasing the chargeback fee from $10 to $20, and not letting you export subscription cc info if you want to move your subscriptions to another provider.
- honopu 16y ago
  You sound like you work for Braintree, especially due to the fact they harp on not being able to export data from other merchant accounts/gateways. Just saying.
  - terrellm 16y ago
    Sorry if I came across as if I worked for them. Feel free to click my profile link and check out my businesses - I use my real name and have nothing to hide. I sell software to cattle ranchers and horse owners. The reason I mentioned Braintree was I've seen their ads on The Deck and came across them being used by several popular Rails SAAS companies. Maybe I've drank their kool-aid. Feel free to substitute any small payment processor (non Paypal/Google Checkout/AuthorizeNet).
- andrewsminth 16y ago
  I think Pay Pal has been grown more because it is more convenient for all people because it has low fees.Http://www.fdiseagle.com
travisro 16y ago
I can only imagine this number increasing with their new Adaptive Accounts API. It will allow developers to create PayPal accounts for users/online customers as part of the shopping experience. So rather than sending people away to create a PayPal account, you can keep them in your app, send the info to PayPal and (only at the very end) redirect to PayPal to verify and setup sensitive info. You can read more here: https://www.x.com/community/ppx/adaptive_accounts https://www.x.com/community/ppx/adaptive_accounts
owkaye 16y ago
The credit card companies dropped the ball years ago by not letting their card holders accept payments from other card holders in a hassle-free manner. If they had done this PayPal would not exist, and the world of credit card holders would be able to transact business directly with each other, rather than going through a "middleman" -- and theoretically anyways, everyone's rates would be lower, too.

3 points by Cmccann7 16y ago

PayPal’s merchant services business has grown by over 40 percent year over year The reason Paypal is growing so fast is their rates are extremely competitive if you play by their game. I really feel for the guys like Braintree who are trying to do it right but just can't compete with Paypal's rates, particularly with Paypal offering the same qual and non-qual rates. I've used Paypal Merchant Services for several years and each year grow more fed up with the practices. Just a few include charging .5% extra if you do not include Paypal Express button in your checkout, keeping the 30-cent transaction fee on refunds, increasing the chargeback fee from $10 to $20, and not letting you export subscription cc info if you want to move your subscriptions to another provider.

honopu 16y ago
You sound like you work for Braintree, especially due to the fact they harp on not being able to export data from other merchant accounts/gateways. Just saying.
- terrellm 16y ago
  Sorry if I came across as if I worked for them. Feel free to click my profile link and check out my businesses - I use my real name and have nothing to hide. I sell software to cattle ranchers and horse owners. The reason I mentioned Braintree was I've seen their ads on The Deck and came across them being used by several popular Rails SAAS companies. Maybe I've drank their kool-aid. Feel free to substitute any small payment processor (non Paypal/Google Checkout/AuthorizeNet).
andrewsminth 16y ago
I think Pay Pal has been grown more because it is more convenient for all people because it has low fees.Http://www.fdiseagle.com

travisro 16y ago

I can only imagine this number increasing with their new Adaptive Accounts API. It will allow developers to create PayPal accounts for users/online customers as part of the shopping experience. So rather than sending people away to create a PayPal account, you can keep them in your app, send the info to PayPal and (only at the very end) redirect to PayPal to verify and setup sensitive info. You can read more here: https://www.x.com/community/ppx/adaptive_accounts https://www.x.com/community/ppx/adaptive_accounts

owkaye 16y ago

The credit card companies dropped the ball years ago by not letting their card holders accept payments from other card holders in a hassle-free manner. If they had done this PayPal would not exist, and the world of credit card holders would be able to transact business directly with each other, rather than going through a "middleman" -- and theoretically anyways, everyone's rates would be lower, too.