What low-friction payment process to use for my MVP?
Hey everyone --
First post, to please forgive me if this is the wrong forum to post this.
I'm creating an browser extension that I plan to implement monetization on, and collect a payment, either one-off or an annual subscription on.
I was wondering what people would recommend as a frictionless (as possible) approach to taking payment.
The cost of the extension service will be probably < $10 per transaction.
Obviously there's the 'overhead' of running the user record/autentication etc too that comes with effectively putting up a paywall for your service so the more seamless I can make this the better.
Out of the gate I thought about PayPal or Gumroad.
Does anyone have any recommendations?
Thank you for any tips,
Ryan
With stripe you can use the browser payments api to get a chrome payment prompt or the safari one with apple pay.
Stripe is sounding like the way to go. It has the flexiblity and simplicity on implementation I think I need. Thanks Alepacheco.
I’ve never made a browser extension before. However, this seems like something that GumRoad would be a good fit for.
Yes. Gumroad can be a good fit.
Thank you everyone for the great responses. I never thought I'd end up with so many options (well I know there are, but not a bunch of recommendations -- everyone shared different pespectives).
I guess in order of priority I need:
a) multi-currency support
b) frictionless payment
c) ease of implementation
d) ability to have reoccuring payments
All offer this is varying degrees. If I go the subscription route I anticipate it'll be an annual payment as the per-month fee will be super small.
Stripe is the best solution out there imho... The flexibility they offer is game-changing.
I have used Paddle(https://paddle.com/) in my previous projects. It was very easy to setup.
Thank you. It seems a little opaque with pricing. Do you recall what the fee structure was? I guess it is higher as they handle all billing support?
I think they charge around 5% (need to verify) for every transaction.
Reasons for me to use Paddle:
Stripe is pretty easy to integrate. It offers subscriptions and global acceptance of cards. In my opinion, PayPal seems unprofessional. Not sure about Gumroad as I never used it.
Thank you for the feedback. Never thought of using Stripe for some reason but it does seems clean. Interesting you think PayPal seems unprofessional. I thought it might be a more frictionless experience for people with PayPal (and a pain for people without).
PayPal is just my opinion. Anytime I visit somewhere that has a PayPal checkout I think it must be a side project. However, it could just be me.
Recurly works well for subscriptions - and has the support for other payment models as well.
Recurly looks very nice, especially all the payment types it accepts, but it seems their plan is $99 per month and I think my extension will only be something like from $7/yr -- I've yet to work out the pricing model, but I do like the idea of the notion of it being reoccuring. Recurly has a bundle of cool features but it's going to take quite a users to make it worth the ROI fit I think.