It’s crazy. PayPal and Western Union should perish by 2030.
I have a friend who uses them for a subscription business. And he fears the day they freeze him for no reason.
You can get PayPal loans based on a % of active subscriptions value. Like a payday loan. No doubt zero regulation somehow again - they know moving your customers subscriptions to any other method will be extremely painful. They have full power.
Absolutely. Though moving from any credit card processor is a nightmare. Had to do it once and the process is so archaic. Requires a lot of manual intervention from both processors and needs to be properly scheduled with several teams.
I held off integrating PayPal for a few years, but ultimately it was the most requested checkout method. I saw an increase in customers basically the day I added it. Unfortunate reality.
Yep. That’s my friends challenge. Customers are less eager to pay via Bitcoin, or he would swap.
That and easy/simple Bitcoin subscriptions don’t really exist yet. Maybe lightning bolt 12 helps to solve that.
I’ve accepted bitcoin as a payment method since the beginning (just because I’m a fanboy) and I generally see <10 use it per month. I do get particularly excited when someone pays over lightning though!
