Switching from PayPal to Stripe: Impact on decline rates

Recently at Spreedly we had the opportunity to “drink our own champagne” (or eat our own dog food). As our customer’s know, we help merchants and marketplaces minimize PCI compliance scope via secure credit card collection, tokenization and then routing that card for a transaction against your preferred financial partner. This could be a payment gateway or a third party API. Storing cards in Spreedly means you can reuse a card against a different gateway provider. This ability to […]

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The end of social commerce 1.0?

Intent: “A determination to perform a particular act or to act in a particular manner for a specific reason; an aim or design; a resolution to use a certain means to reach an end.” I recently saw the news about CosmicCart being acquired by PopSugar  (full disclosure, CosmicCart is a Spreedly customer). That came on the heels of PayPal acquiring Modest last August. Consolidation appears underway in the social commerce technology space. In addition, there’s been stories […]

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Marketplaces and Platforms: The Rise of Payment Methods

Not too long ago it was accurate to see separate challenges facing U.S. marketplaces versus those in the rest of the world. In the U.S., a marketplace targeting an installed merchant base had the daunting task of supporting a very large number of payment gateways, but the compensating benefit of nearly universal penetration of credit and debit cards greatly simplifying what payment methods they needed to support. In Europe and the rest of the world the […]

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Parclick, Spreedly and Parking Apps

We see a lot of innovative startups in Spain interested in our platform. We also see one of the most difficult payment landscapes for startups to get started. Recently we’ve worked with CatalunyaCaixa to reduce the challenge of working with Spreedly and Redsys and today we share multiple customers. We hope other Spanish banks will soon follow their lead. One of our newer customers is Parclick. Parclick was born in 2011 right after one of the […]

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Payment Gateway Index for January

Hi everyone, We’ve added January data for our Payment Gateway Index. A couple of interesting observations: Conekta, a payment gateway startup from Mexico, shows up for the first time. We wondered if processing speeds would be better compared to December (where gateways are under full holiday season load), but surprisingly we didn’t see much change across most of the gateways we track. Oddly though, despite the increased December volumes, a number of the larger gateways […]

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Did Balanced just (inadvertently?) kick off a price war with Stripe?

Edit: As of May 2015 Balanced Payments is no longer an ongoing entity.  Balanced Payments recently made public its volume pricing schedule.  This open display of pricing transparency may simply be a blip on the radar in the competitive world of online payment gateways, or it could signal the end of a very short period where pricing wasn’t the dominant factor behind a processor decision.  Whatever the impact, the move by Balanced was an interesting one […]

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Payment Gateway Index December

We just updated the payment gateway index with December data from Spreedly and Shopify. That’s our 4th month of data and there are some interesting trends evolving. We created the payment gateway index because failed transactions vary so dramatically on a gateway by gateway basis. Yet no data was out there to help merchants with their decisions. We explain our thinking in more depth here if you’re interested. The data we share is solely from […]

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