Since the development of that option, the market has changed in the heat of technological progress, to the point that eBay left the U.S. platform to fall into the arms of Adyen, a Dutch company that today represents the main alternative to PayPal.
The news emerged at the beginning of 2018 and gave clues as to how the environment in e-commerce is changing. Adyen’s own CEO, Pieter van der Does, explained in an interview that “the project is going well.” It is expected that by 2021 most payments will have moved from PayPal’s platform to Adyen’s, although eBay will continue to work with its own subsidiary, albeit to a lesser extent.
Just this December, Adyen announced an international mobile app payments agreement with McDonald’s. And a few months ago it announced its collaboration with one of its potential competitors, Alipay, a subsidiary of the Asian e-commerce giant Alibaba.
Opening an online store may seem simple, but at the end of the day we must be very clear about the ease of payment that your customers will have on it. We can set up the storefront to attract thousands of customers, offer the best products and perform marketing from another planet, but if we are not able to make our visitors use a convenient, fast and cheap payment gateway, our conversion can go to waste.
However, although our priority is the customer, we must also look at the costs to our company of using one or another payment gateway, with its commissions, its adaptability to the international market, the cost of fraudulent charges and other unexpected expenses. In this article, we will share everything we know about Shopify payment gateways.
Broadly speaking, the choice of a payment gateway in Shopify is to choose your default option, Shopify Payments, or make use of third-party gateways. As you can imagine, an integrated payment solution provides several benefits that we’ll discuss shortly.
Adyen in Spanish
While the news emerged at the beginning of 2018, it was enough to give clues as to how the environment in e-commerce is changing. Adyen’s own CEO, Pieter van der Does, explained in an interview that “the project is going well.” It is expected that by 2021 most payments will have moved from PayPal’s platform to Adyen’s, although eBay will continue to work with its own subsidiary, but to a lesser extent.
The sign is that just this month Adyen also announced an international mobile app payments deal with McDonald’s and a partnership with one of Alipay’s potential competitors.
Currently, when you make a purchase on Ebay, when it’s time to pay you have to use PayPal. In other words, Ebay does not process the payments, but delegates PayPal to do it. When the announced change takes place, you will no longer have to “exit” Ebay to pay, since it will implement a native payment method.
Therefore, although Ebay has not yet explained the details of its upcoming payment system, it is expected to be similar to what we can see in other Adyen clients. There will be no need to have an account elsewhere, as there will be new payment methods such as credit and debit card payments.
Once the change is made, PayPal will still be able to be used as a secondary payment method. This means that it will have less visibility in the payment process, but you will be able to choose it as an option to do it exactly as you have been doing it until now.
PayPal was initially founded as Confinity by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery in 1998, before the bursting of the dotcom bubble in the United States. Confinity merged with X.com, an online banking company founded by Elon Musk, and from the merger of the two companies in 2001 PayPal was born.