Live data from Hacker News

Stripe Issuing – An API for creating physical and virtual cards

stripe.com

121–130 of 217 posts

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

#121
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…

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

entropay.com has similar virtual cards for a ~4% fee

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

#122
post #94

Earlier quoted context omitted.

On the landing page, you can see that it’s debit.

Really? It may be an A/B test with different copy, because I don't see anything.

I think they were referring to the little card animation on the side, that shows a card with Visa debit at some point. (Note sure if that also answers backend issuer. There's also one with Mastercard in the animation.)

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

#123
post #101

Earlier quoted context omitted.

Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.

A few banks provide a system like this. I'm aware of at least Bank of America and Citi. Bank of America calls it "ShopSafe"; you can generate a number for one-time or recurring payment with an associated limit and expiration date. Citi calls it Virtual Account Numbers. Theirs don't have a limit by default (but you can create one that does). Unfortunately, both systems use archaic Flash applets to generate and manage…

Yes, ShopSafe is useful when dealing with flaky businesses.

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

#125

Earlier quoted context omitted.

Really? It may be an A/B test with different copy, because I don't see anything.

I think they were referring to the little card animation on the side, that shows a card with Visa debit at some point. (Note sure if that also answers backend issuer. There's also one with Mastercard in the animation.)

Mostly, as a user, the main thing that I'm looking at is interchange revenue sharing (the main thing that makes a difference). This can vary for personal and business cards and can be a non-trivial revenue source. If this is not competitive, having the well-known Stripe integration convenience doesn't go that far. I'd rather suck it up and work with an old-school CC vendor if this means the company gets a better interchange rev-share.

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

#126

Earlier quoted context omitted.

Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.

I've wanted something like this for a long time as well. The ability to generate and discard one-off card numbers. Much less worry about those card numbers leaking, unauthorized transactions, etc.

I have been in US for 10 years and have had this since the first time in I opened an account in BOFA. The feature is called ShopSafe

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

#129
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…

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

I've been using products that facilitated this for the past 10 years and one has yet to stick.

Paypal had a firefox extension that did this about 10 years ago.

https://getfinal.com/ was fantastic and I used it for about 2 years. I was one of the first 700 applicants. It worked exactly as you described and you could even set dollar limits for monthly recurring charges. They folded earlier this year and I was sad to see my CC cancelled. :(

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

#130
Having worked in the payment industry I'm not "too" impressed they did this from a technical standpoint (I've seen small startups do similar) but to make it easily available via Stripe's awesome APIs is pretty great.

I would love to see details on pricing. How much a card costs, how much a virtual number costs, how if at all issuers can monetize (i.e. do I get a cut of the transaction fees?), etc.

Post reply on HN