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Kickstarter & Amazon Payments Part Ways


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Since this is about Kickstarter, I am posting this article in this section.

 

Fundraising site Kickstarter drops Amazon for payments

 

By Deepa Seetharaman
 

SAN FRANCISCO (Reuters) - Crowdsourced fundraising site Kickstarter has dropped Amazon.com Inc as its global payments processor in favor of Stripe, the fast-growing startup used by Twitter Inc, Facebook Inc and Apple Inc.

 

The switch comes as the Internet retailer begins to move clients from its customizable checkout service to an Amazon-branded one.

 

In a blog post on Tuesday, Kickstarter said it made the switch after Amazon decided to drop its Flexible Payments Service, which allows a company to develop its own checkout process. The new Amazon-branded Login and Pay service does not offer as much flexibility.

 

Amazon's payments division has processed more than $1 billion in Kickstarter pledges and had worked with the site even before its launch in 2009. An Amazon spokesman declined to comment.

 

Some analysts have said Amazon has been held back in payments because merchants are wary of handing over customer data to the company, which is rapidly expanding into new areas and competing with sellers.

 

In early December, Stripe raised $70 million from Sequoia Capital and other investors that valued the startup at $3.5 billion, double from a year earlier.

(Reporting by Deepa Seetharaman; Editing by Richard Chang)

Edited by ub3r_n3rd
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I don't know if I trust Stripe either, but I have a while back lost most of my trust with Amazon

 

I hadn't heard about Stripe until seeing this article. I've been doing business with Amazon for a long time and do stuff through PayPal as well. 

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I've never, ever had a problem with PayPal (currently the one credit card that hasn't been compromised is the one linked to PayPal).  Amazon problems I've had generally are with them being shady with third-party resellers and/or not shipping things in the time frame promised. 

 

I'm not particularly keen to sign up with yet another service, though, so we'll see if this ends my kickstarter spending. 

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I've used amazon for aggessss and never had a problem. I've had issues with items I've received from their third party sellers but amazon was always quick about replacement or refunds. Paypal....basically made me wait til the day of the end of a refund notice before issuing me a refund. The lady never sent the corset I ordered and accused that it was delivered but the tracking even said that it was sent back but PayPal told me to wait for the package. Finally I threw another fit (I hate doing fits) and they issued me a temp charge back while they dealt with the seller. I got the official 'OK' the day when I could no longer get a refund.

 

Don't like PayPal, its like pulling teeth to get money back.

 

Nephew charged about a grand on my mothers debit card, thanks to instant purchase on her kindle. We realized there was a problem when like kindles, ps3, electric guitar and games appeared at our house. Amazon refunded all of it and we didn't have to pay for shipping.

 

 

I think my KS spending is over, which is unfortunate. I really wanted into BB2.

Edited by MissMelons
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I had one problem with PayPal, this was a few years ago. Someone opened a credit card in my name and they called me, got it resolved right away and shut down.

 

No problems with Amazon, ever. *knock on wood*

Edited by ub3r_n3rd
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Fundaful uses Stripe and thats what Blue Dungeon Tiles used.  I didn't have any problems with it.  I honestly prefer Amazon because its easy for me to update my data and I am on amazon a lot.  That said, I'll probably dedicate one of my small limit credit cards to KS purchases going forward.

 

Edit: Dragonforge used them too.

Edited by SamuraiJack
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Thanks for that piece of information. With all the negative aspects that MIGHT be mentioned about Amazon ... but I was buying things from that company before Kickstarter ... and so backing Kickstarter projects using Amazon was very comfortable and as only ONE company got my credit card information (for my normal purchases and for KS alike), I felt that the risk was smaller than it is now - as it seems I have to trust an unknown company with such information. Not sure I will do this.

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I don't know if I trust Stripe either, but I have a while back lost most of my trust with Amazon

 

 

I hadn't heard about Stripe until seeing this article. I've been doing business with Amazon for a long time and do stuff through PayPal as well.

  

I'll wait and see what happens with this Stripe company get feedback from those who are using it often.

Same here. Never heard of Stripe until now.

Will wait for feedback from others before I decide whether to back any future KS's.

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