I think it's just a matter of time before people switch from using PayPal.
Unfortunately people want PayPal for whatever reason. Everything about PayPal from the merchant side sucks (bad API, bad recurring billing features, slow, no refund of fees for refunds from May, 6 months for someone to do a chargeback!, etc etc)
Beyond that, a big reason to use PayPal is that simply, a lot of people don't have a (internationally accepted) card they can use. PayPal is a useful middleman for those people if they support a payment method they do have.
Another thing I use PayPal for is any kind of subscription, because I know I can cancel it from the PayPal side without having to worry about jumping through hoops.
If merchants would display a "Processed by Stripe" early on, I'd let up a bit.
The friction in the PayPal UI of making you log in to PayPal to make the payment is a pretty big trust signal IMO.
With PayPal as long as I only enter my password on paypal dot com I know I'm safe.
Another draw of Paypal I remember 5-10 years ago was being able to use money obtained on consumer-to-consumer markets. If you were to use any other p2p service (be it venmo, cashapp, etc) you would be required to have a bank and your money almost certainly will end up hitting your bank account. With Paypal, you can receive money from people then turn around and use that "paypal balance" for many real online storefronts without it showing up in your bank (or without having a bank account at all). Note - this may no longer be true as I believe Paypal has changed how it verifies accounts.
Maybe Stripe should create a paypal-like service for consumers where you can they can pay via "stripe balance" and use a single saved card everywhere.
And your shipping address. That's the killer app for me.
One email/password combo is all it takes to get whatever random thing I'm looking at into my office. It's a real convenience.
Do u mean Euro Paypal accounts cant be just frozen unilaterally etc ?
It is country dependant. The UK is majority credit card.
Further being famously bad at developing software anyone would want to use doesn't necessarily mean that someone is incompetent in all aspects but it would decrease my trust in paypal just a little.
Plus the act of re-entering the credit card number and/or not being able to use a recurring PayPal balance to pay off something might be a non-starter for some.
If I remember right, the older checkouts were hosted on vendor's website -- and you would not know if the cc info really goes to stripe only, or if vendor grabs a copy as well.
They're similar services when you break them down, but Paypal is almost more like a social network for users, with accounts people may re-use dozens or hundreds of times over a year to pay for things. Many end users probably have no clue what Stripe is and just see a generic Web 3.0-looking credit card form (probably ignoring reassurances about how the merchant website doesn't actually receive the card data; that stuff goes over many people's heads, or they just don't even notice it).
If the cost of discount is less than the cost of supporting paypay it might be worthwhile.
Or if you pay more to use paypal for example raise prices slowly while offering a discount for using stripe.
I run a B2B SaaS and have so far had exactly zero requests for PayPal. I keep wondering if I'm missing out.
As an individual consumer, I'm much more fickle since I'm usually buying commodities and convenience matters.
My biggest fear of paying via Stripe is not having the ability to cancel payments on my own or to cut random company access to my credit card without having to talk to my CC company or bank.
PayPal gives me a bit more piece of mind because I know I can log in and find subscriptions and cancel them right from the back end and payments will be stopped. With Stripe, I can't do this. Not to mention Stripe dashboard is a UX nightmare from the consumer perspective. I don't think any consumer would log in to Stripe to manage their payments (assuming they could) as things stand right now. I think this is a missing feature that Stripe has to integrate in order to finally let PayPal die. That and time.
As a consumer, I want to be able to go to Stripe, easily log in, see all of my subscriptions / payments and be able to stop them with a click of a button. As long as this is missing, I would rather use PayPal's shitty UI and hidden subscription management area.