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> Also, credit cards are already very convenient and near universally accepted. It's hard to compete with that. Oh, come on. Maybe it's a US thing, but credit
by krotton 8y ago
> Also, credit cards are already very convenient and near universally accepted. It's hard to compete with that.
Oh, come on. Maybe it's a US thing, but credit card is the last but one (just before a manual transfer) payment method I use (in Europe, Poland most of the time). It requires providing full credentials to every merchant you transact with on-line. It requires taking out your wallet and typing all this data in. Or taking out your wallet and taking photos of both sides in some modern apps, then checking for correctness. I actually use PayPal as my card payment gate to minimize the number of parties that see my complete set of payment authorization data. Credit cards are moderately convenient when used off-line and completely unadapted to being used on-line.
- epanchin 8y agoCredit cards have section 75 protection, PayPal does not. It’s certainly convenient to use, but comparatively unwise. Edit: except for small transactions when 75 doesn’t apply. Also I don’t know if it’s in Poland too, but I’d guess so.
- dwringer 8y agoI interpreted the post to mean Paypal is the poster's preferred choice for using as a credit card processing gateway. Merchants can sign up with Paypal to handle all card transactions, and buyers don't need a Paypal account to use it. From the buyer's perspective, this is just an ordinary credit card transaction, it just shows up as being directed through Paypal as a middleman. The convenience is when buyers do have a Paypal account, then they no longer have to re-enter CC# details even on sites they've never purchased from as long as they support Paypal-processed credit-card payments. FWIW I take the same option, because it does feel nice to buy from a website without typing credit card information into some ad-hoc javascript form they came up with. Note that this is not the same thing as making a payment from a Paypal account.
- rusk 8y agoJust out of curiosity what do you use to capitalises your PayPal account? For me it’s linked directly to my credit card so it’s basically a shell of convenience above that. What do you use when a vendor doesn’t support PayPal? I still encounter these regulalarly
- aerique 8y agoMy order is: • iDeal (convenient Dutch banks' system) • PayPal linked to bank account • I've usually paid at this point • cryptocurrency • credit card because it's such a pain in the ass
- rusk 8y agoCryptocurrency? Ah come on you’re just being facetious now
- mbrock 8y agoWhy? I’ve paid for computer equipment and plane tickets using cryptocurrency several times. Just scan a QR code and press send.