As you know, unlike the “old” There, we no long process credit cards ourselves, but instead use PayPal as our payment processor. We do this because by accepting, or “vaulting”, credit cards, we need to be what’s known as “PCI Compliant“.
Not only did this take considerable manpower, it was also expensive, as we had to pay external organizations to “verify” that we were PCI compliant.
Given all the expense and hassle, it made much more sense for us to use a payment processor like PayPal to handle credit cards for us. Among other things, PayPal (at the time) was one of the few processors who handled subscriptions, and is the only processor which handles micropayments.
Though most people can handle PayPal just fine (after all, they do serve millions of customers quite successfully), some people either can’t use PayPal, or, for their own reasons, don’t want to.
Today, we’re happy to announce that we’ll soon be adding Stripe as a payment option for subscriptions and Therebucks purchases.
(We won’t be supporting Stripe for “Real Money Purchases” of developer items. The reason for this is that Stripe doesn’t support “micropayments” – charging a much smaller fee for small purchases than they normally would. We could use Stripe for this, but their fees (which are typical for the industry) would eat up almost all of the purchase price).
We hope you’re as excited about this as we are, and will be letting you know as we get closer to release.