3 ms·

I just wish Amazon would not talk about 200m accounts worldwide and then offering payments only for US customers.

by Smrchy 13y ago

pallandt 13y ago
I'm Europe-based, I feel your pain. Every time I read about some new potentially awesome payment service, but only for the US-audience it consistently manages to make me grumpy all day thinking about all the lost business possibilities.
- pc86 13y ago
  Presumably they'd lose a lot more business possibilities going to Europe (or more likely, a single European country) before the US.
  - jasonwocky 13y ago
    I think he meant his or her lost business opportunities.
    - pallandt 13y ago
      Yes, that's what I meant.
  - hrktb 13y ago
    Random numbers are not that meaningful but the US has 300 million habitants, the EU 500 million. Comparing GDP the EU states grouped together are a bit less than a tenth bigger than the US. I think there can plenty of reasons to start a business in the US first (looser regulations and local talent are what comesto my first to mind) but would you lose business starting in a bigger market ?
    - jlarocco 13y ago
      The EU has more people, but they're spread through 28 countries, each of which probably has different laws regulating financial transactions and payment processing, making it a lot more work.
      - davidw 13y ago
        Different laws, and different languages!
      - hrktb 13y ago
        From the little I know US has 51 states with each their little twist on different subjects like taxation or company laws. EU has a set of global rules, no trade barriers between the countries, and financial transactions and payment also should belong to a unified space thanks to the SEPA. Doing payment cross europe may have it's difficulties I don't know, but on the paper that's not so different from the US, and as a customer I don't feel friction dealing with other countries merchants. For the language question, if you're building a payment processor, localization of your interface won't be your biggest problem. BtoB documentation and support is OK in english, customer facing interface should be localized, but even supporting the main 3 or 4 languages should let you access most of the market.
- peterwiese 13y ago
  just wait for the samwer brothers. it'll be cloned in a matter of weeks.

I just wish Amazon would not talk about 200m accounts worldwide and then offering payments only for US customers.

by Smrchy 13y ago

I just wish Amazon would not talk about 200m accounts worldwide and then offering payments only for US customers.

I'm Europe-based, I feel your pain. Every time I read about some new potentially awesome payment service, but only for the US-audience it consistently manages to make me grumpy all day thinking about all the lost business possibilities.

pc86 13y ago
Presumably they'd lose a lot more business possibilities going to Europe (or more likely, a single European country) before the US.
- jasonwocky 13y ago
  I think he meant his or her lost business opportunities.
  - pallandt 13y ago
    Yes, that's what I meant.
- hrktb 13y ago
  Random numbers are not that meaningful but the US has 300 million habitants, the EU 500 million. Comparing GDP the EU states grouped together are a bit less than a tenth bigger than the US. I think there can plenty of reasons to start a business in the US first (looser regulations and local talent are what comesto my first to mind) but would you lose business starting in a bigger market ?
  - jlarocco 13y ago
    The EU has more people, but they're spread through 28 countries, each of which probably has different laws regulating financial transactions and payment processing, making it a lot more work.
    - davidw 13y ago
      Different laws, and different languages!
    - hrktb 13y ago
      From the little I know US has 51 states with each their little twist on different subjects like taxation or company laws. EU has a set of global rules, no trade barriers between the countries, and financial transactions and payment also should belong to a unified space thanks to the SEPA. Doing payment cross europe may have it's difficulties I don't know, but on the paper that's not so different from the US, and as a customer I don't feel friction dealing with other countries merchants. For the language question, if you're building a payment processor, localization of your interface won't be your biggest problem. BtoB documentation and support is OK in english, customer facing interface should be localized, but even supporting the main 3 or 4 languages should let you access most of the market.
peterwiese 13y ago
just wait for the samwer brothers. it'll be cloned in a matter of weeks.