Re:I was going to register PayPalSucks.com...
by FooBarWidget on Saturday February 13, 2010 @10:20AM
(#1123073)
Paypal sucks, but unfortunately Paypal is also the best. All of the alternatives suffer from one or more or all of these problems:
* Only support for USA.
* Supports countries outside USA too, but not enough.
* Does not support enough payment methods. Supporting only credit cards is not acceptable, plenty of people don't have credit cards.
* Not convenient enough or too confusing for customers. For example, requiring registration is a big no-no. People don't want to register, they just want to buy my product. Even credit card validation - where the customer has to wait a few days for the credit card to be verified - is too much of a hassle.
* Too expensive for the customer. If you're selling $10 gadgets then the $20 international wire transfer fees will scare away all your customers.
* Too expensive for the merchant. I'm not willing to pay $100 per month for a merchant account if I don't know up front how much I'll sell. I'd prefer if they take a small percentage of revenue instead so that I at least can't lose any money.
* Only support for USA.
* Supports countries outside USA too, but not enough.
* Does not support enough payment methods. Supporting only credit cards is not acceptable, plenty of people don't have credit cards.
* Not convenient enough or too confusing for customers. For example, requiring registration is a big no-no. People don't want to register, they just want to buy my product. Even credit card validation - where the customer has to wait a few days for the credit card to be verified - is too much of a hassle.
* Too expensive for the customer. If you're selling $10 gadgets then the $20 international wire transfer fees will scare away all your customers.
* Too expensive for the merchant. I'm not willing to pay $100 per month for a merchant account if I don't know up front how much I'll sell. I'd prefer if they take a small percentage of revenue instead so that I at least can't lose any money.