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Ask HN: Best payment processor for marketplace webapp

9 points by brittohalloran ↗ HN
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.

6 comments

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ig1
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).

gyardley
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.

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