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avoid hot-linking to MoR image in README.md #1
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nelsonic committed Jan 1, 2023
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Expand Up @@ -21,24 +21,20 @@ Many App/Websites cover their costs through advertising.
This is effectively selling [out] the "users" data,
which we are not fans of ...

[![you-are-the-product](https://user-images.githubusercontent.com/194400/210129020-c3fe00a5-5721-448b-a919-7b9c89ba2fae.png "You Are the Product!")](https://slate.com/technology/2018/04/are-you-really-facebooks-product-the-history-of-a-dangerous-idea.html)

> "_When something online is free,
> you're not the customer,
> you're the product._"
> ~ [Jonathan Zittrain](https://blogs.harvard.edu/futureoftheinternet/2012/03/21/meme-patrol-when-something-online-is-free-youre-not-the-customer-youre-the-product/)
We prefer to charge a affordable fee -
We prefer to charge an affordable fee -
enough to cover all our costs
and build-out our
and continue building our
[roadmap](https://github.com/dwyl/product-roadmap) -
and _fiercely_ guard the privacy
of the `people` using the App.

Some Apps are sold via **one time purchase**
others are **subscription-based** (recurring payments).
Regardless of the type of payment,
they share one thing in common:
**payment processing gateways
are used to collect funds**.

# What 💭

Expand All @@ -48,6 +44,13 @@ of payment processing
_and_ to showcase payment processing
in a standalone web app.

Some Apps are sold via **one time purchase**
others are **subscription-based** (recurring payments).
Regardless of the type of payment,
they share one thing in common:
**payment processing gateways
are used to collect funds**.

But what _is_ "payment processing"...?


Expand All @@ -58,7 +61,7 @@ But what _is_ "payment processing"...?
A **payment processor** functions as an intermediary
between the customer's bank (or digital wallet)
and the merchant
(which consists of the merchant and their bank).
(and their bank).
It is the entity responsible for communicating
between both parties in the transaction.

Expand Down Expand Up @@ -94,7 +97,8 @@ being mentioned as a "payment processor",
it's because it offers both `payment gateway`
and `payment processor`
bundled together
alongside a myriad of other features such as fraud prevention.
alongside a myriad of other features
such as fraud prevention.

## Which Payment Processing Provider?

Expand All @@ -103,16 +107,23 @@ the most recognizable are:
[`PayPal`](https://developer.paypal.com/api/rest/),
[`Stripe`](https://stripe.com)
or
[`Square`](https://squareup.com/us/en/).
[`Square`](https://developer.squareup.com/us/en).

We have used each of these in the past
and they are fairly straightforward to integrate.



## `PayPal` - the _Original_ Payment Processor

Over `PayPal`
Started in 1998,
`PayPal` is one of the _original_
and most successful
general purpose online payment processors.

If you've done much online shopping,
you have probably came across a payment interface
that allows you to purchase the item through `Paypal`:
you have probably seen a payment interface
allowing purchases through `Paypal`:

![paypal](https://user-images.githubusercontent.com/17494745/208951049-421e123a-e082-433e-8b08-60c7da8c8a57.png)

Expand All @@ -128,42 +139,97 @@ This uses the
to setup a payment gateway and processor
for users to pay with Paypal on your site.

Now want to add
The history/evolution of `PayPal` is a fascinating success story,
[wikipedia.org/wiki/PayPal#Early_history](https://en.wikipedia.org/wiki/PayPal).
We are only concerned about the _present_;
`PayPal` has over **`400 million` actively using their platform**
and can be used in more than 200 countries/regions.
A _significant_ proportion of `people` buying things online
_already_ use and _trust_ `PayPal`.
We want to offer the ability to checkout with a `PayPal`
account as one of the lowest friction payment methods.


## `Apple Pay`

There are **`1.2 Billion` _active_ `iPhone`** users worldwide.
`iPhone` recently surpassed
[**`50%` Smart Phone Market Share**](https://github.com/dwyl/learn-flutter/pull/69#issuecomment-1319811970)
in the **US**
and in some wealthier countries like Norway,
it's as high as
[**`68%`**](https://github.com/dwyl/learn-flutter/pull/69#issuecomment-1319826473).
Many of the `people` using `iPhone`
have a payment card associated with their Apple Account.
[**`Apple Pay`**](https://www.apple.com/apple-pay/)
has **`500 million`** registered users worldwide:
[fortunly.com/apple-pay-statistics](https://fortunly.com/statistics/apple-pay-statistics/)

To use `Apple Pay` _directly_ we would need
to create an account with `Apple`
and use their `SDK`:
[developer.apple.com/apple-pay/implementation/](https://developer.apple.com/apple-pay/implementation/)

`while` we don't expect _many_ of the people using our `App` to pay with `Apple Pay`
(_and we certainly won't encourage them as `Apple` takes a **massive `30%` cut** ..._)

## `Google Pay`

[`Google Pay`](https://pay.google.com/about/business/implementation/),
as a payment method, as well.
You'd have to create an account,
use their **`SDK`**:
originally called `Google Checkout`,
then `Google Wallet`
then rebranded to `Android Pay`
and now back to `Google Pay/Wallet` (...🙄)
is a payment service available
to all `people` with an `Google` account -
including everyone with an `Android` device -
who have added a credit/debit card to their account.
It's difficult to know exactly how many people
have and _use_ `Google Pay`
because `Google` does not make the info `public`
and the _vast_ majority of `people` with an `Android`
device either don't _have_ a Credit Card
(think children and the
[unbanked](https://en.wikipedia.org/wiki/Unbanked)) ...
But the most recent estimates are
**`200 million` people**
in
[**47 countries**](https://support.google.com/googlepay/answer/12429287?hl=en#zippy=%2Cpay-in-store).
see: wikipedia.org/wiki/Google_Pay_(payment_method)


To add `Google Pay`
as a payment method
you have to create an business account
and use their **`SDK`**:
[developers.google.com/pay/api](https://developers.google.com/pay/api)
and integrate it in your website.
and integrate it in your App/Website.

We shouldn't forget iPhone users as well!
We also want (need!) to add an [`Apple Pay`](https://www.apple.com/apple-pay/)
payment method to our application.
Same procedure occurs, we ought to create an account
and use [their SDK](https://developer.apple.com/apple-pay/implementation/)
to integrate it into our application.
## Merchant Account? 🤷‍♀️

On top of this, we need to create our own merchant account
On top of managing accounts with each of the payment providers,
we would need to create our own merchant account
so each one of these services can connect to it
and process the transactions.

This is a heap of effort
and can easily scale to unsustainable levels.
This is where **payment platforms**
like Stripe come into play.
like `Stripe` come into play.

## Payment platforms
## Payment Platforms

Payment platforms **simplify the process of connecting
to multiple third-parties**.
It offers more than a payment service
so that merchants only have to liaise with one company
so that merchants only have to liaise with _one_ company
rather than multiple ones.

This has a great impact on how an application
is *designed* and *implemented*,
and allows to for a better management
and [decoupling](https://en.wikipedia.org/wiki/Single-responsibility_principle)
and
[decoupling](https://en.wikipedia.org/wiki/Single-responsibility_principle)
of responsibilities.

Instead of our own API having to manage different providers,
Expand Down Expand Up @@ -227,7 +293,7 @@ and one of the reasons people
[better tax compliance](https://stripe.com/newsroom/news/taxjar)
but it's not quite there, at the moment of writing.

![mor](https://images.prismic.io/paddle/d6ff57bb-31dd-41ed-86c6-23d73584b617_merchant+of+record.png?auto=format&fit=crop&ixlib=react-9.5.4)
![mor](https://user-images.githubusercontent.com/194400/210158068-92f2ec93-c108-4789-bc03-fd9b34c472bf.png)

So businesses can choose to be their own merchant of record
and setup an infrastructure and processes needed to manage
Expand Down

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