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Stripe Sigma

stripe.com

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21–30 of 123 posts

Re: Stripe Sigma

#21

Post by scrollaway »

Swizec wrote: post #16
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.

In any business, there is a cost incurred in researching and justifying a purchase in the first place. This is a big reason why free tiers and free trials help onboarding.

Re: Stripe Sigma

#22

Post by thibaut_barrere »

scrollaway wrote: post #19
toomuchtodo wrote: post #7

Earlier quoted context omitted.

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.

Anyone at Stripe know if they have at least some plan to handle EU VAT at some point? Currently for that you'll have to use 3rd parties like Octobat or Quaderno. Despite these products are nice, it really feels like something that should be built-in.

Re: Stripe Sigma

#23

Post by Gaelan »

sovande wrote: post #17

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 ma…

References?

Re: Stripe Sigma

#24

Post by exhilaration »

sovande wrote: post #17

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 ma…

Stripe provides fraud protection? I thought they were just a (really awesome, developer-friendly) payment processor and you'd need to put something like Kount in front of them to do your own fraud protection.

Re: Stripe Sigma

#25

Post by mmanfrin »

I get excited whenever Stripe releases a new product because their demo pages are bar-none the best ever made. The attention to design is very, very nice.

Re: Stripe Sigma

#26

Post by jasongill »

Is this going to finally allow us to get the same stats that are shown in the Stripe dashboard (like "gross volume" for the month)? Stripe has had no way to get an aggregate of transactions in a timespan - if you wanted to get the "gross volume" or any other sum or count, you'd have to iterate through every payment. Not very convenient when you have tens of thousands of transactions and want to show an up-to-date revenue number on your company dashboard.

Re: Stripe Sigma

#27

Post by brightball »

sovande wrote: post #17

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 ma…

Fwiw, you can roll your own fraud warning system independent of payment solution:

https://www.maxmind.com/en/minfraud-services

Re: Stripe Sigma

#28

Post by exclusiv »

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.

Time to pivot haha! The competitors could give away their service for free and then setup an ad platform to target Stripe users. That lead gen might even make them more money.

And since they have the financial data, they could proactively recommend the most cost-effective service to switch to. Kind of like a Credit Karma model.

Re: Stripe Sigma

#30

Post by neovintage »

Interesting offering. I wonder who they're targeting with this and the problem they're trying to solve.

* Is the expectation that everyone can write SQL?

* If the customer can write SQL and they're sufficiently large, won't they export the data into their own in-house data architectures to use the tools and processes they already have?

* Is data exporting that hard from stripe that they decided to offer a query tool instead?

I'm thinking they're going after the lower end of the customer base, the customers that may have medium to small transaction volumes. Plus those customers might not yet have any data warehousing to speak of.

If I was BareMetrics, I would be especially concerned because it will be a matter of time before Stripe has their own compelling offer that does almost everything it does and more. There have been other examples of building businesses around other companies APIs (granted theres always exceptions to the rule but I want to point out its a huge risk):

https://news.ycombinator.com/item?id=9512441

https://techcrunch.com/2012/10/14/why-you-shouldnt-build-a-b...

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