Stripe in Japan • Hacker News Board

Re: Stripe in Japan

#21

Post by troels » Tue, Oct 04, 2016, 6:01 AM UTC

kyriakos wrote: post #2

When is the rest of EU coming up? Same regulations everywhere I can't understand the hold up.

There's not though. Each EU member state is a sovereign country and they each have their own laws regarding things like trans border payments. There's not even a single currency.

Re: Stripe in Japan

#22

Post by Symbiote » Tue, Oct 04, 2016, 6:11 AM UTC

rememberlenny wrote: post #3

kyriakos wrote: post #2

When is the rest of EU coming up? Same regulations everywhere I can't understand the hold up.

Might be an off thought, but maybe a disproportionate fraud comes from the area

The wealthier EU countries are active or in beta. They're all cheaper than the US (1.4% rather than 2.9% fees), fraud is lower in the EU.

Re: Stripe in Japan

#23

Post by Symbiote » Tue, Oct 04, 2016, 6:20 AM UTC

troels wrote: post #21

kyriakos wrote: post #2

When is the rest of EU coming up? Same regulations everywhere I can't understand the hold up.

There's not though. Each EU member state is a sovereign country and they each have their own laws regarding things like trans border payments. There's not even a single currency.

Estonia, Greece and Cyprus use the Euro, but unlike the other EU Euro countries aren't available on Stripe.

I haven't worked in finance, but as I understand it, the regulations are supposed to allow cross border businesses to operate. That's why the City of London banks area worried about leaving the EU and losing that right. The Eurozone especially has regulations to remove barriers to cross border payments.

https://www.paymill.com/ says it works for all of the EU except Cyprus. Perhaps an oversight?

This might be of interest: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

Re: Stripe in Japan

#24

Post by kyrra » Tue, Oct 04, 2016, 6:22 AM UTC

1_listerine_pls wrote: post #9

neximo64 wrote: post #4

When will it be 2 day settlement in the EU like it is in the US. I don't get how competitors can do it and yet stripe still holds off.

what's a settlement? the vendor receiving the payment?

Yes.

In credit card world it goes auth, capture, settlement. Auth happens within those few seconds when you slide your card. Capture tends to happen at the end of the business day when the "final" total is known and charged against your card. Settlement is when everything has cleared and merchants get their money.

Re: Stripe in Japan

#25

Post by _urga » Tue, Oct 04, 2016, 6:24 AM UTC

Well done on the Japan launch.

Any plans to add South Africa soon?

It would be great to have Stripe on African soil.

Re: Stripe in Japan

#26

Post by magicbuzz » Tue, Oct 04, 2016, 6:25 AM UTC

I like the Mt Fuji graphic.

Re: Stripe in Japan

#27

Post by jwr » Tue, Oct 04, 2016, 6:25 AM UTC

kyriakos wrote: post #2

When is the rest of EU coming up? Same regulations everywhere I can't understand the hold up.

Braintree doesn't ignore the EU like Stripe. Use Braintree.

Re: Stripe in Japan

#28

Post by vuyani » Tue, Oct 04, 2016, 6:39 AM UTC

_urga wrote: post #25

Well done on the Japan launch. Any plans to add South Africa soon? It would be great to have Stripe on African soil.

YES PLEASE! ive beeeen waiting for stripe to come to South Africa, alot of other developers i know too are terribly frustrated of the unstable payment gateways we have down here. Stripe would be a much needed breath of fresh air.

Re: Stripe in Japan

#29

Post by redcap » Tue, Oct 04, 2016, 6:42 AM UTC

simonk wrote: post #14

euske wrote: post #12

> ANA (the largest airline in Japan) Just nitpicking here but for marketing-wise, I think this is a rather unwise wording. ANA is one of the two biggest airline companies in Japan, but they only became so in 2014, and it's fairly questionable if they can stay that way forever. The two companies are fiercely competing. By stating one of them "the largest" you're giving people an impression that you are being too pushy…

ANA is the largest airline in Japan though.

I've always thought of it as playing second fiddle to JAL. That's changed after JAL had to go through a lot of restructuring, but it's mostly been these two companies. There could be some numbers out there stating that ANA is the largest, but I'd guess there wouldn't be much of a margin.

Re: Stripe in Japan

#30

Post by iand675 » Tue, Oct 04, 2016, 6:44 AM UTC

jfim wrote: post #11

Isn't Japan mostly cash-based? Seems like an interesting location to expand to.

Cash-based for consumer payments (especially in the countryside). Business-level payments and cities have much more extensive credit card support, and it's only continuing to become a more common payment method.