I thought it was one of these dead in the egg micropayment project back in the day. Also as Paypal was always put in first position in payment choices made me think LP was inferior. Don’t underestimate UX!

Anyway it is quite polished and friction-less (just tested after my previous question). I didn’t see how big is the cut, though.

Even though I gave thru SEPA or PayPal by the past, the process was still slow enough to discourage me. Well, we could also see it like a kind of gatekeeper for impulsive payments. :)