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Ask HN: Best payment processor for marketplace webapp
Has anyone had good success with a payment processor for a marketplace type app? Many users paying many other users, I take a percentage cut.
Paypal's Adaptive Payments API will work, but many people hate Paypal so this may discourage some transactions. Kickstarter uses Amazon, which actually looks promising, but I have no experience with it.
- karimo 14y agoI use 2checkout.com shoping cart, but didn't try the API, you can give it a try You can also check this blog post http://karim-ouda.blogspot.com/2012/06/how-to-accept-payments-online-from-your.html http://karim-ouda.blogspot.com/2012/06/how-to-accept-payment...
- ig1 14y agoThe drop-off rate is going to be much higher for Amazon than Paypal. Amazon payments requires you to have an Amazon account and signin to it to make a payment, with Paypal you can just pay by credit card. If you're VC funded I'd go direct to a friendly merchant account provider (you'll need to put down a substantial deposit as you're in a high-risk business which is why this is only really an option if you're funded), otherwise I'd just go with Paypal (which is what most smaller marketplaces use).
- gyardley 14y agoAn old acquaintance of mine runs a startup called BancBox (http://www.bancbox.com/ http://www.bancbox.com/), which I believe can do this. I haven't used it personally so I can't vouch for its quality.
- brittohalloran 14y agoWhoa pretty cool. They're designed exactly for this.
- geoffsanders 14y agoHave you tried using Stripe? (http://www.stripe.com http://www.stripe.com)
- samratjp 14y agoBalanced Payments (https://balancedpayments.com/ https://balancedpayments.com/) is pretty awesome! They saved us when PayPal shut us down! They do everything you need.