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Recurring payments have massive lock-in - typically there is no way to switch payment providers without requiring the user re-enter their payment details. You'
by pifm_guy 4y ago
Recurring payments have massive lock-in - typically there is no way to switch payment providers without requiring the user re-enter their payment details.
You'll typically lose ~half the user's each time you do that...
- 101008 4y agoStartup idea: wrapper around payments providers.
- enraged_camel 4y agoAnd then the wrapper company gets massive and starts wrongfully suspending customers...
- ant6n 4y agoWe just need a payment-wrapper-wrapper company! (We have to go deeper!)
- Brian_K_White 4y agoWhy the wrapper needs to be some open source software not owned or depending on anyone.
- baggy_trough 4y agoThere used to be one (Spreedly) but then it went out of business or changed models so I had to convert everyone anyway!
- deleted 4y ago[deleted]
- toomanydoubts 4y agoNew challenge unlocked: design your application in an wrapper agnostic way to avoid getting locked out when the wrapper service bans you.
- cpach 4y agoBetter than losing all users though…?
- revicon 4y agoWe use VGS to tokenize credit cards. Makes it much easier to switch payment provers.