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Ask HN: Is it still safe to use Stripe?
11–20 of 24 posts
Re: Ask HN: Is it still safe to use Stripe?
#12I use to love working with Stripe, but it turned from being an asset to a liability. Far too risky to have my payments infra stuck behind a company that will arbitrarily cut you off with no support, or worse, actively use "terms" and "our policy" to not support you I moved all my clients off Stripe as a precautionary measure, and now in the process of moving our last Stripe account with 100+ Stripe Connect accounts a…
I identified businesses complaining on their Reddit and Discord over the years as precaution. Mostly dropshippers, malware markets, selling brand name clothes without approval. Never mind the guy with a $100,000 fine from MasterCard. All prohibited. If you're a prohib, don't use Stripe. They're an aggregator, so anyone poisoning the pool (their merchant account) with risk will be banned.
You want a merchant account from a bank + what ever processor they offer.
Re: Ask HN: Is it still safe to use Stripe?
#13Just a single user, but I've found stripe to be stable and boring. Just how I like it!
Re: Ask HN: Is it still safe to use Stripe?
#14I’m a one man dev shop but in an app I’m developing I decided to implement payments with two (or more!) processors with the ability to set a weight for each. It hasn’t launched yet but the current plan is to have about 90% or so of transactions flow through Stripe with the other 10% being a “hot backup”, more or less. If anything happens, I can just flip over to the other processor. I decided to actually have the sec…
Some gateways offer a more decoupled concept-- you can have one API account, but set it up to route the transactions to different processor accounts based either on predefined rules or an API field during the individual transaction. The nice thing about this is that you can still use the gateway's client-side stuff (i. e. the "embedded form" that reduces your PCI compliance scope) and a single API for all transactions.
I'd think that would mitigate most of the risk, because then the gateway usually is a relatively neutral middleman-- the processors are more in contact with the actual money and more likely to be the true source of arbitrary and weird behaviour, so I can concur it makes sense to be less dependent on them.
Re: Ask HN: Is it still safe to use Stripe?
#15I use to love working with Stripe, but it turned from being an asset to a liability. Far too risky to have my payments infra stuck behind a company that will arbitrarily cut you off with no support, or worse, actively use "terms" and "our policy" to not support you I moved all my clients off Stripe as a precautionary measure, and now in the process of moving our last Stripe account with 100+ Stripe Connect accounts a…
Where did you go?
Re: Ask HN: Is it still safe to use Stripe?
#16Why would raising another round or going public cause concern?
I am guessing this might cause increases in fees
Re: Ask HN: Is it still safe to use Stripe?
#17Why would raising another round or going public cause concern?
New money comes with new strings attached. The more the founders are diluted, the less they have a say in things.
Re: Ask HN: Is it still safe to use Stripe?
#18I’m a one man dev shop but in an app I’m developing I decided to implement payments with two (or more!) processors with the ability to set a weight for each. It hasn’t launched yet but the current plan is to have about 90% or so of transactions flow through Stripe with the other 10% being a “hot backup”, more or less. If anything happens, I can just flip over to the other processor. I decided to actually have the sec…
Some gateways offer a more decoupled concept-- you can have one API account, but set it up to route the transactions to different processor accounts based either on predefined rules or an API field during the individual transaction. The nice thing about this is that you can still use the gateway's client-side stuff (i. e. the "embedded form" that reduces your PCI compliance scope) and a single API for all transaction…
Yeah, I decided to more or less implement this myself so I could use Stripe as the main provider still.
Re: Ask HN: Is it still safe to use Stripe?
#19Why would raising another round or going public cause concern?
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Re: Ask HN: Is it still safe to use Stripe?
#20> What does this mean for Stripe customers now and 12 months from now? It means that it will become just like PayPal. I would not sit on one payment gateway in the long run.
Ding ding ding. Stripe becomes PayPal. New stripe is born, cycle repeats.
As companies age and become more mature, they tend to become more risk-averse. They also become slower moving. The exact opposite of a startup. And why startups can and have beat incumbents.