Alternatives to PayPal?

Discussion in 'Ecommerce Forum' started by Talktime, Feb 11, 2021.

  1. Talktime

    Talktime UKBF Newcomer Free Member

    5 0
    Alternatives to PayPal?


    I have an e-commerce website which takes payments using PayPal. My customers are all in the UK.


    I use automated payments on my website.


    PayPal is upping its fees for commercial sellers in April 2021.


    Does anyone have any recommendations for a PayPal alternative that can integrate into my website?


    I am wondering if anyone has experience with Stripe, Authorize,.net or Braintree.
     
    Posted: Feb 11, 2021 By: Talktime Member since: Jul 19, 2016
    #1
  2. wayzgoose

    wayzgoose UKBF Enthusiast Free Member

    917 144
    The trouble is, they're not really alternatives are they? Paypal is Paypal.
     
    Posted: Feb 11, 2021 By: wayzgoose Member since: Oct 9, 2007
    #2
  3. hammer-time

    hammer-time UKBF Newcomer Free Member

    9 2
    What you gonna do, take a cheque in the post!

    The customer always pays, pass it on.
     
    Posted: Feb 11, 2021 By: hammer-time Member since: Feb 11, 2021
    #3
  4. Phil Sproson Photography

    Phil Sproson Photography UKBF Newcomer Full Member

    21 7
    Stripe is great, I use it on all of my websites, lots cheaper than Paypal processing fees, 3 - 4 days for monies to hit your bank account.
     
    Posted: Feb 11, 2021 By: Phil Sproson Photography Member since: Feb 8, 2021
    #4
  5. japancool

    japancool UKBF Big Shot Full Member

    3,798 728
    What are they increasing their fees to?

    Stripe is great. Takes a week for funds to hit your account, but the fee is only 1.4%, and you're not in danger of Stripe suddenly freezing your funds or your customer opening a dispute and instantly blocking off a certain amount of funds.
     
    Posted: Feb 11, 2021 By: japancool Member since: Jul 11, 2013
    #5
  6. Talktime

    Talktime UKBF Newcomer Free Member

    5 0
    3-4 days to hit the account?


    PayPal is immediate, but customers have 90 days to raise a dispute and a clawback.


    I had an account freeze by PayPal in 2018, I had to go to the Financial Conduct Authority because the dispute was not related to my business or my account, but the stop was very damaging to the flow of business.


    Do you have the fee schedule for Strips? And can you link to it?
     
    Posted: Feb 11, 2021 By: Talktime Member since: Jul 19, 2016
    #6
  7. Phil Sproson Photography

    Phil Sproson Photography UKBF Newcomer Full Member

    21 7
    There are subscription solutions with Stripe too... follow the the links... I can see the 'Subscriptions' function in my dashboard, so it is in there for everyone...
    stripe. com/docs/billing/subscriptions/overview (add the https://) to the beginning I am newbie and cannot post live links
     
    Posted: Feb 11, 2021 By: Phil Sproson Photography Member since: Feb 8, 2021
    #7
  8. japancool

    japancool UKBF Big Shot Full Member

    3,798 728
    The fees are 1.4%+20p for European cards, 2.9%+20p for non-European cards.
    https://stripe.com/gb/pricing
     
    Posted: Feb 11, 2021 By: japancool Member since: Jul 11, 2013
    #8
  9. Talktime

    Talktime UKBF Newcomer Free Member

    5 0
    That's better than PayPal, - 2.9% + 30p per transaction.

    That doesn't sound much, but over a 12 month period, its a sizable chunk of my sales.
     
    Posted: Feb 11, 2021 By: Talktime Member since: Jul 19, 2016
    #9
  10. japancool

    japancool UKBF Big Shot Full Member

    3,798 728
    Is Paypal increasing from 2.9%?
     
    Posted: Feb 11, 2021 By: japancool Member since: Jul 11, 2013
    #10
  11. Talktime

    Talktime UKBF Newcomer Free Member

    5 0
    Yes, but they have not specified what the increase will be, and what the fixed transaction fees will be.
     
    Posted: Feb 11, 2021 By: Talktime Member since: Jul 19, 2016
    #11
  12. scstock

    scstock UKBF Regular Free Member

    136 26
    It is a chunk and remember that comes out of your Profit - furthermore it's charged on the VAT inclusive price.

    If you are selling at a 20% margin that means almost 20% of your profit is going to Paypal.
     
    Posted: Feb 11, 2021 By: scstock Member since: Mar 27, 2009
    #12
  13. CianGlic

    CianGlic UKBF Newcomer Free Member

    14 3
    Stripe is great, plus you can choose to automatically donate 0.5-1.5% of your sales to fund sustainable climate technology if that interests you!
     
    Posted: Feb 11, 2021 By: CianGlic Member since: Feb 5, 2021
    #13
  14. Mr D

    Mr D UKBF Legend Free Member

    27,343 3,354
    Multiple other companies you can use.

    However what do your customers want to use? If they want to pay by clicking one button and you require them to enter a load of details - will the customers want the hassle?

    Perhaps offer multiple options for the customers. Just don't be surprised if many of them stick with paypal. Even if they have to move to a different seller to do so.
     
    Posted: Feb 11, 2021 By: Mr D Member since: Feb 12, 2017
    #14
  15. Mr D

    Mr D UKBF Legend Free Member

    27,343 3,354
    And of course increase prices by a few percent to cover the extra cost.

    Be better investing in the likes of Shell etc - get money for the investment as well.
     
    Posted: Feb 11, 2021 By: Mr D Member since: Feb 12, 2017
    #15
  16. HippoHost

    HippoHost UKBF Newcomer Full Member

    7 0
    Definitely recommend Stripe! Very developer-friendly, good interface to I have seen a massive shift to Stripe instead of PayPal the last few years.
     
    Posted: Feb 11, 2021 By: HippoHost Member since: Feb 10, 2021
    #16
  17. CianGlic

    CianGlic UKBF Newcomer Free Member

    14 3
    Yes, because investing in fossil fuels is the answer to that problem...
     
    Posted: Feb 12, 2021 By: CianGlic Member since: Feb 5, 2021
    #17
  18. Mr D

    Mr D UKBF Legend Free Member

    27,343 3,354
    Or more useful, the investing in other sources of power is done by ..... the companies wanting to be around in a few decades.
    They want your money tomorrow not just your money today.
     
    Posted: Feb 12, 2021 By: Mr D Member since: Feb 12, 2017
    #18
  19. japancool

    japancool UKBF Big Shot Full Member

    3,798 728
    Why would I just *give* my money to fund sustainable climate technology rather than investing in it?
     
    Posted: Feb 12, 2021 By: japancool Member since: Jul 11, 2013
    #19
  20. computerbeing

    computerbeing UKBF Contributor Full Member

    30 4
    Depends on your audience, how frequently they make purchases etc. Need to weigh whether a different platform will save you enough to justify changing what your customers are used to.
     
    Posted: Feb 14, 2021 By: computerbeing Member since: Jul 8, 2016
    #20