Ask HN: Best payment processor for marketplace webapp

9 points·brittohalloran··6 comments

Has anyone had good success with a payment processor for a marketplace type app? Many users paying many other users, I take a percentage cut.

Paypal's Adaptive Payments API will work, but many people hate Paypal so this may discourage some transactions. Kickstarter uses Amazon, which actually looks promising, but I have no experience with it.

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An old acquaintance of mine runs a startup called BancBox (http://www.bancbox.com/), which I believe can do this.

I haven't used it personally so I can't vouch for its quality.

Whoa pretty cool. They're designed exactly for this.

Balanced Payments (https://balancedpayments.com/) is pretty awesome! They saved us when PayPal shut us down! They do everything you need.

The drop-off rate is going to be much higher for Amazon than Paypal. Amazon payments requires you to have an Amazon account and signin to it to make a payment, with Paypal you can just pay by credit card.

If you're VC funded I'd go direct to a friendly merchant account provider (you'll need to put down a substantial deposit as you're in a high-risk business which is why this is only really an option if you're funded), otherwise I'd just go with Paypal (which is what most smaller marketplaces use).

Have you tried using Stripe? (http://www.stripe.com)

I use 2checkout.com shoping cart, but didn't try the API, you can give it a try

You can also check this blog post

http://karim-ouda.blogspot.com/2012/06/how-to-accept-payment...

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