Switching From PayPal to Stripe: Impact on Credit Card Decline Rates

Recently at Spreedly we had the opportunity to “drink our own champagne” (or eat our own dog food) as we switched from PayPal to Stripe and measured the impact on our credit card decline rates. As our customer’s know, we help online 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 […]

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Buy Buttons

Buy Buttons are the ability to do one click payments starting at one location/app but typically fulfilled/completed behind the scenes at a different location. We’ve blogged about what’s driving their rising popularity in the past. Here’s a good article on ReadWrite about buy buttons and Pinterest with some comments from Spreedly:    

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Killing redirect payment pages for meta search sites

We’ve all experienced what it’s like to get re-directed from one site to another to make a payment. In many parts of the world this is still the default payment process offered by payment gateways. Benefits include the fact that none of the processing occurs on the merchant site thus reducing the risk around storing and transacting credit cards, but the downsides are also obvious: you send away a prospective customer at the most critical […]

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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 is down on your busiest day? Just keep processing…..

Here’s a great story from a Spreedly customer. Show Grounds is focused in on the equestrian market. One of the things they do is help Equestrian centers more effectively bill their customers. They awoke early Sunday morning, often the busiest day for equestrian centers, to discover one of their largest customers couldn’t accept payments. Their payment gateway was down and not responding. Enter Spreedly + a 10 minute sign up for Stripe and a six […]

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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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