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It's wild to me that "one-click buy" has somehow become a product category. If an online retailer already has your payment info and shipping details, it is triv

by cmckn 5y ago

It's wild to me that "one-click buy" has somehow become a product category. If an online retailer already has your payment info and shipping details, it is trivial to offer a one-click experience, is it not? Couldn't PayPal offer this and leverage all their existing integrations? Why haven't they?

rco8786 5y ago
Yea I'm right there with you. This is a feature parading as an industry.
paxys 5y ago
> If an online retailer already has your payment info and shipping details This is specifically for the case where the retailer does not want to store these details. Heck they can even get away with not building a user account system at all. Just a store listings page and a few lines of code imported from Stripe.
- cmckn 5y ago
  Totally fair, but this doesn't clarify why a company like Fast needed to exist. It seems the existing payment processors are able to add this feature rather easily, and I don't see how a new player would be able to get over the integration hurdle to supplant PayPay/Stripe/AmazonPay/etc.
stu2b50 5y ago
It was patent-locked until a few years ago thanks to Amazon, but beyond that, handling payment information is a pretty hairy process. Credit card numbers are considered to be PCI and the network subject you to annoying audits and processes to be able to store it. So, for one thing, it's not possible for retailers because very few (probably none) store payment credentials anymore. Too expensive - that's what payment processors are for. For payment processors themselves, clearly they can, it's the subject of the parent post, but there are regulatory hurdles.
abdulmuhaimin 5y ago
if by payment info includes credit card detail, then no, most of them that use Stripe(including my employer) does not have them, and its not trivial to do so. There are very strict regulation you have to adhered to if you want to store such details, and I assume a lot of people/company using Stripe are not eager to do such extensive work when Stripe can do it for you.
2143 5y ago
> If an online retailer already has your payment info and shipping details, it is trivial to offer a one-click experience, is it not? I'll add that some countries now have rules that prohibit retailers from storing the payments information of customers. I don't know the details, but India now has such rules in place. For retailers to store customer information (for recurring payments and whatnot) — from what I understand — they cannot directly store the card details but instead have to generate a token or something and use that. In India, big companies (like Amazon, Netflix etc) seems to have complied, but many smaller ones haven't.

by cmckn 5y ago

rco8786 5y ago

Yea I'm right there with you. This is a feature parading as an industry.

paxys 5y ago

> If an online retailer already has your payment info and shipping details This is specifically for the case where the retailer does not want to store these details. Heck they can even get away with not building a user account system at all. Just a store listings page and a few lines of code imported from Stripe.

cmckn 5y ago
Totally fair, but this doesn't clarify why a company like Fast needed to exist. It seems the existing payment processors are able to add this feature rather easily, and I don't see how a new player would be able to get over the integration hurdle to supplant PayPay/Stripe/AmazonPay/etc.

stu2b50 5y ago

It was patent-locked until a few years ago thanks to Amazon, but beyond that, handling payment information is a pretty hairy process. Credit card numbers are considered to be PCI and the network subject you to annoying audits and processes to be able to store it. So, for one thing, it's not possible for retailers because very few (probably none) store payment credentials anymore. Too expensive - that's what payment processors are for. For payment processors themselves, clearly they can, it's the subject of the parent post, but there are regulatory hurdles.

abdulmuhaimin 5y ago

if by payment info includes credit card detail, then no, most of them that use Stripe(including my employer) does not have them, and its not trivial to do so. There are very strict regulation you have to adhered to if you want to store such details, and I assume a lot of people/company using Stripe are not eager to do such extensive work when Stripe can do it for you.

2143 5y ago

> If an online retailer already has your payment info and shipping details, it is trivial to offer a one-click experience, is it not? I'll add that some countries now have rules that prohibit retailers from storing the payments information of customers. I don't know the details, but India now has such rules in place. For retailers to store customer information (for recurring payments and whatnot) — from what I understand — they cannot directly store the card details but instead have to generate a token or something and use that. In India, big companies (like Amazon, Netflix etc) seems to have complied, but many smaller ones haven't.