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Stripe Sigma

stripe.com

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11–20 of 123 posts

Re: Stripe Sigma

#11

Post by scrollaway »

Really cool! Signed up for the beta, excited to try it.

Although at first glance, it looks quite expensive. Having to pay $10 monthly outright even with no charges feels kinda bad. I'm a huge fan of Amazon's free tiers to experiment with; Stripe's test mode is very nice for the same reason. And on top of this, the pricing being per-charge makes it far more expensive for businesses selling cheaper products ($5 subscriptions vs. $100 subscriptions).

Compare to Baremetrics' pricing plans which scales based on MRR: https://baremetrics.com/pricing -- At $50k MRR with $5 charge avg, Baremetrics costs $100/mo, Sigma costs 2.5x that. For $2.5 avg charge, Sigma costs double, Baremetrics remain the same.

They still sound like very reasonable prices though (and Stripe's fees are unfriendly to lower price points anyway).

Re: Stripe Sigma

#12

Post by ram_rar »

Pardon my ignorance! Coming from background of building data pipelines. It seems to me like SQL on backend data. The UI is uber cool. What makes it different from any rdbms system with UI? am I missing something ?

Re: Stripe Sigma

#13

Post by klinskyc »

As a current ChartMogul customer, 2 questions

1) Is it possible to easy display this data in graphs over time?

2) Can we record non-Stripe billing in it? (some customers will pay by check)

Re: Stripe Sigma

#14

Post by ralmeida »

ram_rar wrote: post #12

Pardon my ignorance! Coming from background of building data pipelines. It seems to me like SQL on backend data. The UI is uber cool. What makes it different from any rdbms system with UI? am I missing something ?

It seems that the difference is that you won't need to set up a DB server, maintain it, and keep feeding transaction data from Stripe into it.

While this may not be terribly complex, it opens up the chance to run SQL on your business data without building or maintaining the pipeline itself for SMBs which may have limited resources.

Re: Stripe Sigma

#16

Post by Swizec »

scrollaway wrote: post #11

Really cool! Signed up for the beta, excited to try it. Although at first glance, it looks quite expensive. Having to pay $10 monthly outright even with no charges feels kinda bad. I'm a huge fan of Amazon's free tiers to experiment with; Stripe's test mode is very nice for the same reason. And on top of this, the pricing being per-charge makes it far more expensive for businesses selling cheaper products ($5 subscri…

$10/month is two coffees. Not even worth thinking about if you find the service at all useful.

Re: Stripe Sigma

#17

Post by sovande »

Oh shiny, but does it blend? I mean, Stripe has a great API, great design and this, but is Stripe a good payment solution? No, it is not, especially for sellers. Fraud and charge backs are worse than with PayPal. Despite its many shortcomings, PayPal has at least a much better fraud protection system. This is what matters or should matter when choosing a payment solution. Shiny stuff is great, but if the engine is made with rubber-bands, you won't get very far.

Re: Stripe Sigma

#18

Post by cphoover »

adamballai wrote: post #9
packetized wrote: post #6

Perhaps a dumb question, but it's not completely obvious from the demo - is there an API for this?

Not a dumb question at all! We do not currently have an API for Sigma. Although, its a great idea and good feedback for the Sigma team. Hope you find good use of its current incarnation. Thanks!

+1 for this. It would be cool to be able to save the queries and get them from an API request to feed into some other BI tool... it would almost act as a saved rdbms "views"

Re: Stripe Sigma

#19

Post by scrollaway »

toomuchtodo wrote: post #7
laurencei wrote: post #3

> We’ve already written the queries for the most useful reports for different types of businesses: From computing MRR to ARPU to analyzing the payment methods your customers prefer... This would have to be worrying for companies like Baremetrics, ChartMogul etc. Obviously it is not 100% the same - but the ability to quickly get MRR, ARR etc would solve many peoples main pain.

No one ever learns about the perils of building on someone else's platform. See: twitter 3rd party devs, Buffer, Facebook app devs, etc Stripe isn't a payment processor; they are your financial back office as a platform.

> Stripe isn't a payment processor; they are your financial back office as a platform.

Well, they're getting there; Metrics were the #1 missing piece from Stripe, so it's good to see this. Dealing with EU VAT is still a massive pain though.

Re: Stripe Sigma

#20

Post by adamballai »

ram_rar wrote: post #12

Pardon my ignorance! Coming from background of building data pipelines. It seems to me like SQL on backend data. The UI is uber cool. What makes it different from any rdbms system with UI? am I missing something ?

Great question. Sigma is more than an rdbms, relational database. Sigma is an application where you can save and share reports with your team without the need to setup a dedicated ETL pipeline and engineering teams. We curate the quality of the data for you so you don't have to yourself. Hope that helps!
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