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And remember that Stripe just launched Stripe Capital ( https://stripe.com/capital ) last week to offer lending services, I cannot wait to see these new services to launch outside US.
Was there a HN thread for Stripe Capital?
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Depending on the industry sector, cash can effectively be several times more expensive to handle than the US market interchange fees. I don’t think it’s obviously horrible for merchants.
Can you explain what makes handling cash is so expensive? honest question.
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Thank you for being such amazing beta testers! Glad to have started with Checkout, met in the TOMS store in LA, and now on Corporate Card. :)
I'll be at Sessions today if you want to catch up!
Earlier quoted context omitted.
Depending on the industry sector, cash can effectively be several times more expensive to handle than the US market interchange fees. I don’t think it’s obviously horrible for merchants.
Can you explain what makes handling cash is so expensive? honest question.
Earlier quoted context omitted.
Ughh, almost every card for individuals with good credit is better than that [1]. Unless you mean strictly among corporate cards? [1] https://www.nerdwallet.com/best/credit-cards/cash-back
Do these cards require a personal guarantee? Do they require personal social security number? Can they be ordered in bulk (ie, 5-10 at a time when onboarding folks). Not to be rude, but the corporate card market is different than the personal card market in a number of ways.
Our company Moonlight was an early beta tester of the Stripe Corporate Card. Each person on our distributed team of five has a card, and it's made things like arranging travel or covering minor SaaS charges simple. Happy to answer any questions about the end user experience!
Is this card tied to an individual or the company? We use Amex and it's tied to individuals so when that person leaves we have to do the dance of migrating the payment to another person. Can we avoid that w/ stripe?
We recommend businesses set up the latter for recurring purchases on e.g. infrastructure that aren't tied to a particular person, for the same reasons that you don't want your logins for all of your SaaS or infrastructure to be under individuals' email addresses.
As a small business owner, what I like about the Chase business cards is rewards come back in the form of points that I can easily transfer to my personal cards. It sounds like Stripe applies them towards the statement, i.e., benefit goes to the business, not to me personally. However, the 50k free processing is very enticing as thats way higher than any other signup bonus I've seen. But again, credit goes to busines…
Are they only valid if we are not an existing customer of the partner, or is it for any spend with those vendors we put onto the card?
Do we work with the Partner to get that discount or is it automatically applied on the Stripe side while processing charges we make to the card?