Thank you - I think your salary estimates are way too low. 59 kEUR ~ in tech role is too small in Amsterdam example as SW you get around 100 kEUR salary
Very detailed and thorough analysis. However, I am wondering if the growth slowdown in NA is primarily related to EBay, why wouldn't the Adyen management call it out as such? thanks
Hi Govro... enjoyed your thorough write-up for Adyen. Gave me great and quick insight into a business I didn't know much about before. A few follow-on questions I'd really appreciate your insights on:
1. What market share do you estimate Adyen has (versus the new players like Stripe, and then overall if you include the legacy providers)? Since growth is so key to their thesis I'm trying to understand how much runway they have left.
2. It seems like Stripe is their main competitor and then you mentioned the flexible payments software being implemented by the likes of Uber to switch between providers depending on the type (and size) of transaction. Do you know where Adyen is more or less competitive in terms of transaction type? So are they better priced on the smaller transactions (like Uber rides and presumably Amazon purchases) or the larger transactions (like Nike purchases for example)? And is this competitiveness purely because of their pricing strategy or does it have to do with their software setup relative to competitors like Stripe?
3. What makes Adyen (and Stripe) able to take market share from the legacy providers... is it the fact that their software can't be replicated because of the legacy systems and this gives them a cost / service advantage? Or is it because they're integrating both the gateway and acquirer functions in one package and selling them collectively at lower prices whereas the legacy providers play in one or the other segment?
Thank you - I think your salary estimates are way too low. 59 kEUR ~ in tech role is too small in Amsterdam example as SW you get around 100 kEUR salary
Very detailed and thorough analysis. However, I am wondering if the growth slowdown in NA is primarily related to EBay, why wouldn't the Adyen management call it out as such? thanks
Hi Govro... enjoyed your thorough write-up for Adyen. Gave me great and quick insight into a business I didn't know much about before. A few follow-on questions I'd really appreciate your insights on:
1. What market share do you estimate Adyen has (versus the new players like Stripe, and then overall if you include the legacy providers)? Since growth is so key to their thesis I'm trying to understand how much runway they have left.
2. It seems like Stripe is their main competitor and then you mentioned the flexible payments software being implemented by the likes of Uber to switch between providers depending on the type (and size) of transaction. Do you know where Adyen is more or less competitive in terms of transaction type? So are they better priced on the smaller transactions (like Uber rides and presumably Amazon purchases) or the larger transactions (like Nike purchases for example)? And is this competitiveness purely because of their pricing strategy or does it have to do with their software setup relative to competitors like Stripe?
3. What makes Adyen (and Stripe) able to take market share from the legacy providers... is it the fact that their software can't be replicated because of the legacy systems and this gives them a cost / service advantage? Or is it because they're integrating both the gateway and acquirer functions in one package and selling them collectively at lower prices whereas the legacy providers play in one or the other segment?
Thank again.
Hey Govro thanks again, good read! You have probably already read this one but wanted to share just in case. If you have any other opinions then keen to hear https://www.techfund.one/p/problems-for-adyen-and-paypal-in