Short conversational transcript (YouTube) where Pete Ericson explains advantages of using Stripe over PayPal for website payment processing. Key claims: Stripe provides on-site payments, easier customer billing management (update card on-site), faster/simple onboarding, and may be cheaper; PayPal is portrayed as clunky and slower to resolve account issues.
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Now payment services. We are currently and have been with PayPal for ages. I saw somewhere when I was looking through your site, I think was in the developer section about if I use Stripe, I believe it's called, I can have the actual payment occurring on the website instead of being sent to PayPal.
Yeah, Stripe. So Stripes, a PayPal competitor. In fact, they're, they're crushing PayPal now. And they're used by, in this way. Yeah, most, they're used, really used by most serious ventures. They, they're the next generation of payment gateway. They allow us to do things like you, like PayPal doesn't do this. Like, let's say I log in, I pay for subscription. Oh, but I gotta update my credit card. Well, I can go to my account page on, on your site and just update the credit card information there and it gets updated through Stripe. PayPal. You gotta go to PayPal and navigate through their 26 pages of confusing layout to figure out where to change things. And it's free and it's actually, I think it might be actually slightly cheaper than PayPal.
Well, just to give you an. I mean, you guys probably heard a lot of horror stories, but we, for tax purposes, change from a corporation to an llc. And so I had to get a new tax ID and all. And I have been working for months with PayPal and I still haven't got that resolved with them. And so I was looking that, thinking, you know, if I just sign up with Stripe, basically I can just ignore all of these current problems.
You got it. Absolutely. I, I remember when I first signed up with Stripe, it took me five minutes. All I wanted is my bank and bank routing number. And once I hooked that into Stripe, that was it. They don't care. They take, they just take the money and process it.
