Paypal has been the main go-to form of payment since the beginning. However, for years there have been requests on the Etsy forum begging for other payment methods. So now we are going to be offered the option of accepting credit cards. YAY!!
But some people may be thinking: I like Paypal, why should I bother with the hassle of having to wait for my money like Etsy is suggesting.
Well it all boils down to this; our customers want the option. And before you say I have no clue want I am talking about, check out this quote from Dana Stalder, Former Senior VP at Paypal from 2003-2008.
"We had lots of hard data on this during my time at PayPal (2004-2008). The short answer is that the overwhelming majority of consumers prefer using their bank cards (debit or credit) and a minority (<10%) prefer using PayPal." (Taken from "Online-Shopping:When purchasing online, do consumers prefer using PayPal vs. a credit card?")
Wow, that is staggering. That means that 90% of buyers would prefer the option of using their card rather than Paypal. So how many customers could we be losing by not offering this payment choice?