I was really surprised to see that Stripe is only available for gold memberships and higher. I would think that by allowing all sellers to be able to use Stripe, just like Paypal, that this could bump up sales for many sellers (even if just a little), benefiting not only the sellers but the Bonanza site itself. The way it is right now, If I want Stripe I have to pay for it in a sense by purchasing a gold membership or higher.
Does anyone know if by Bonanza allowing sellers to use Stripe on the Bonanza site, does this cause more work for Bonanza on their end. I’m just trying to figure out why this would only be available for gold memberships and beyond.
I wonder if a shopper on Bonanza is more likely to buy something using a way to directly check out with their credit card as opposed to if a seller only offers Paypal.
I don’t know.
After we were no longer able to offer a customer a way to chekcout directly using their credit card, did you all see a decline in sales by any chance…a big decline or a little decline or what have you? Wondering if maybe this would be worth it if it makes a big enough difference.
I have sold on Etsy in the past and cannot remember if direct checkout on there was used more than say, paypal, for example.
Sorry, I’m just trying to figure this out and not sure why we’d have to have a gold membership and higher in order to make Stripe available for customers.
Thanks,
Sharon
[URL removed] I’ve given some thought to the next higher membership after gold. This was prior to Stripe coming along, too, except that the only way I would buy it is if it was the same price each month as if I was paying for yearly all at one time. The monthly price by itself is too high, yearly I think is reasonable. I’ll never be able to get it for the better price though because I cannot afford to pay for it when the cost is due all at once. I wish there were some more options….like paying for 6 months instead of having to pay for a full year.
Hmmm, Bonanza, do you think you could give some wiggle room on gold and higher so that sellers do not have to pay for a full year in advance in order to get a better monthly price?
Editing to [URL removed]
See Bonanza’s latest blog on Stripe. There we can make comments/ask questions in order to get a better understanding.
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EmpressDepot Reputation: 6829 See EmpressDepot's booth |
I hope the introduction of Stripe payment processing for Gold Members is a first step towards making direct checkout by credit and debit card for buyers available to all sellers at an affordable rate. Where this has been available on other sites we sell on, including our own web site, this has quickly led to a switch from buyers paying solely by Paypal to using a credit card processor like Stripe. Younger buyers in particular prefer to pay this way, far fewer of them have a Paypal account or wish to transact through it. The results have been transformational – from all payments through Paypal to 80-95% percent of payments being made through Stripe or other credit card processor. Moreover, this has typically been marked with a significant surge in sales growth, suggesting that prior to the change there is a good degree of suppressed demand because buyers found their preferred means of paying was unavailable to them. This might well account for some share of the abandoned cart phenomenon. But great first move on introducing Stripe. Looking forward to its later expanded availability on Bonanza at a more affordable rate relative to sales volume & fees.
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ThePostcardDepot Reputation: 28 See ThePostcardDepot's booth |
5 Comments
We introduced stripe as another option, to buyers on our website earlier this week (thanks to Empress Depot). The addition has been welcome already just in the past few days, for our buyers on the website. Really glad that Bonanza stepped up to the plate on this one. One thing we noticed in the last 48 hours is the use of Wallets such as
Amex Express Checkout
Apple Pay
Google Pay
Microsoft Pay
Masterpass by Mastercard
Visa Checkout
With these payout features working well on our website, I can just imagine how well they will work for Bonanza and the Gold members. Just saying
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Solace_Garden Reputation: 64 See Solace_Garden's booth |
2 Comments
I understand why the need for being a gold member. Bonanza is likely taking a risk because Stripe’s marketplace policies can hold marketplaces liable for high risk transactions. Usually you won’t be high risk if you pay monthly.
It would be really nice if Bonanza would setup the ability to pay through Apple Pay on Stripe. They would have to manually insert the code for us though since we are unable to do it even on webstores.
[URL removed]
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gravityvideo Reputation: 88 See gravityvideo's booth |
9 Comments
Stripe being offered here is news to me (but I wont get a membership just to be able to use it). Wonder how long this has been around and why Bonz never announces enhanced features that were not around when we first started up here.
Until recently, I never even knew that we could list items with 12 pics as I have been rolling with the 6 pictures max all along. Why as sellers are we being kept in the dark about new things that benefit sales? Where are you able to find out about new changes that I am not privy to? Is this too a membership secret benefit?
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Atomicdiner Reputation: 1902 See Atomicdiner's booth |
7 Comments
Good morning visitors of my page! I did not believe in therapy for a long time, but my psychologist has been nothing but professional, patient and very kind while I start my journey with him. Messaging is very needful as is the video conferencing and my smart therapist been very accommodative to my health issues and time restrictions because of them. I am searching forward to online therapy [URL removed] with my best psychologist and achieving further not so simple goals.
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MattCrooks Reputation: 12 |
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