Stripe Corporate Card

#1

Post by eloycoto » Tue, Sep 10, 2019, 2:12 PM UTC

Stripe Corporate Card
stripe.com

Re: Stripe Corporate Card

#2

Post by donalhunt » Tue, Sep 10, 2019, 2:28 PM UTC

US-only for now...

Re: Stripe Corporate Card

#3

Post by jbverschoor » Tue, Sep 10, 2019, 2:30 PM UTC

Stripe is doing some great stuff. But I’d be weary to put all eggs in one basket.

Re: Stripe Corporate Card

#4

Post by Scirra_Tom » Tue, Sep 10, 2019, 2:31 PM UTC

1-2% cashback is highly appealing from here in the UK but shame to see is US only.

Anyone shed any light on why getting cashback cards in the UK is rare compared to elswehre? Personally I found Tandem which gives 0.5% cashback which is nice but not much.

Business wise we decided to use Amex as the rewards are OKish (comes out to like ~0.5% again I think?) and being able to pay for US services on our USD card is nice and does save money. Benefits overall not great though, probably save ~£1k per year compared to just using a bank issued debit/credit card.

Re: Stripe Corporate Card

#5

Post by seibelj » Tue, Sep 10, 2019, 2:34 PM UTC

Direct attack on Brex, good to see competition.

Re: Stripe Corporate Card

#6

Post by simlevesque » Tue, Sep 10, 2019, 2:34 PM UTC

donalhunt wrote: post #2

US-only for now...

just like almost all of their products in the beginning

Re: Stripe Corporate Card

#7

Post by julianozen » Tue, Sep 10, 2019, 2:34 PM UTC

Does anyone know how similar this is to Brex? Related: what make Brex so special as a credit card for startups?

Re: Stripe Corporate Card

#8

Post by Scirra_Tom » Tue, Sep 10, 2019, 2:34 PM UTC

jbverschoor wrote: post #3

Stripe is doing some great stuff. But I’d be weary to put all eggs in one basket.

Tend to agree but I don't think a card is that big of a deal as in this case it's less Stripe owned as it's a Visa card so pretty sure you'd have some additional protection there.

Re: Stripe Corporate Card

#9

Post by mikedouglas » Tue, Sep 10, 2019, 2:36 PM UTC

julianozen wrote: post #7

Does anyone know how similar this is to Brex? Related: what make Brex so special as a credit card for startups?

Brex differentiated itself by using your bank history to determine your credit limit, meaning that founders didn't need to personally guarantee their corporate cards early on in a company's life. It seems like Stripe is doing something similar.

Re: Stripe Corporate Card

#10

Post by snaily » Tue, Sep 10, 2019, 2:37 PM UTC

Scirra_Tom wrote: post #4

1-2% cashback is highly appealing from here in the UK but shame to see is US only. Anyone shed any light on why getting cashback cards in the UK is rare compared to elswehre? Personally I found Tandem which gives 0.5% cashback which is nice but not much. Business wise we decided to use Amex as the rewards are OKish (comes out to like ~0.5% again I think?) and being able to pay for US services on our USD card is nice…

Interchange fees are capped to 0.2-0.3% in the EU by regulation. Merchants pay less (to the issuer, ultimately) for the benefit of accepting credit cards, so there is less fees to hand out as cash back (from the issuer to the card owner).