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Stripe Issuing – An API for creating physical and virtual cards

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71–80 of 217 posts

Re: Stripe Issuing – An API for creating physical and virtual cards

#71
post #41

Does this make something like Monzo seem trivial? Like it seems like everything Monzo has done as easy to replicate (not to do, im sure a lot of time and effort went into the guys at Stripe making this).

Stripe invested in Monzo's last round I think!

Re: Stripe Issuing – An API for creating physical and virtual cards

#72
post #57

Google (and likely others) tend to block these types of virtual cards, similar to how they block Twilio generated phone numbers from being used in registration. How do you ensure the card numbers will be respected? Last time I asked this in another thread I got one response that indicated it may be to prevent card number inception, of sorts... https://news.ycombinator.com/item?id=17524398

I believe Visa and MasterCard merchant agreements prohibit retailers from denying specific cards. That's why AMC theaters can't block MoviePass customers from purchasing tickets, because they are regular MasterCard credit cards.

Re: Stripe Issuing – An API for creating physical and virtual cards

#73
post #68

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Regarding 2), can Stripe Connect be used with Issuing? If each user of a Connect app just had their own Stripe account with their own balance, that sounds a lot simpler (for the developer).

Re: Stripe Issuing – An API for creating physical and virtual cards

#74

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

> Does anyone know of an API that would allow a Credit Card user the ability to grant real-time webhooks to a 3rd party as they swipe their card?

Galileo and Pex already support basically the same stuff as Stripe Issuing. It's nice to have this option within the Stripe ecosystem though. If you use stripe and an existing 3rd part to do this there are bank transfers involved to get funds from one place to the other.

https://galileoprocessing.com/ https://www.pexcard.com/

Re: Stripe Issuing – An API for creating physical and virtual cards

#75
post #18
post #2

That’s awesome. I wonder how easy would it be to code an easy service that generates a different card for every subscriptions. No more hassle to cancel this gym membership!

Look at https://privacy.com/

Can you use privacy.com without installing the chrome extension?

Re: Stripe Issuing – An API for creating physical and virtual cards

#76
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Regarding 2), can Stripe Connect be used with Issuing? If each user of a Connect app just had their own Stripe account with their own balance, that sounds a lot simpler (for the developer).

Yes!

Re: Stripe Issuing – An API for creating physical and virtual cards

#77
post #68

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

or a platform that needs to purchase goods in the real world

So like Shipt or Postmates?

Re: Stripe Issuing – An API for creating physical and virtual cards

#78

Congrats to the teams at Stripe for getting this out. This opens up a lot of potential for innovation with these kinds of cards. Well done! Stripe and Twillio lower barriers to entry with products like this. This eliminates a powerful moat that other companies have built. Starting a digital bank or expense report software like Divvy are now much easier. What companies will be at greater risk because this is now an AP…

Not sure if you know, but Bank of America, Paypal and others have tried this a long time ago (in Internet years). They all abandoned this idea, iirc because of the upkeep costs (?) and massive amount of fraudulent use.

Re: Stripe Issuing – An API for creating physical and virtual cards

#80
post #23
post #16

Earlier quoted context omitted.

We're starting out in the U.S., but have a number of other markets in-flight. Please let us know about your use case on the invite form ( https://stripe.com/issuing ) — that'll help us prioritize where to go next :)

I have reached out, just now, please begin the discussions with us asap because we are in the middle of going with Emburse and would consider this instead.

Roger from Emburse here. We're built on top of Stripe :D
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