Ask HN Europe: anybody using Mangopay?
I'm in the market for a payment provider, and somebody just sent me a link to mangopay.com .
They look somewhat suspect to me, especially the fact that they have unusually low transaction fees of 1.8% / 0.18€ and no chargeback fees.
I've also never heard of them or any of their references. Is anybody here using them or have experience dealing with them?
5 comments
[ 2.7 ms ] story [ 17.8 ms ] threadMy impression is that the mangopay itself is also more geared towards group-buy etc ventures.
If they do not provide a credit card vault that you can take to another payment company as needed then It's a high-risk option. Just like any other payments company without a vault. Vault is not an issue if the customers making one-time purchases and there's no recurring subscription.
If your biz is with recurring billing then you don't want to run parallel payment systems or ask users to resubscribe whenever there's a need to move somewhere else.
I'm in EU as well and things do not look good for small startups with a need for recurring "mutable" payments. The only reliable option is braintreepayments but 100eur minimum is high and there's an uncertainty with the pricing because of the rumors on Paypal/eBay takeover.
I'm waiting for Stripe to expand to all EU countries. PayMill is very similar to Stripe but their biggest problem for me is not having the vault -- I would not be able to transfer my subscriptions to a new provider if needed (AFAIK, please prove me wrong).
[1] http://www.mangopay.com/about-us/
Have you seen any other reputable provider that does not levy chargeback fees?
That's something banks charge from the merchant [1] so it doesn't make sense for the provider to take that risk. Provider does add a bit of extra to cover their side of the work, no idea how much.
[1] https://support.braintreepayments.com/customer/portal/articl...