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Stripe’s new funding round values company at $35B

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Re: Stripe’s new funding round values company at $35B

#151

Post by tipalink »

pmart123 wrote: post #12
thinkingkong wrote: post #7

Before we start piling on about whether or not its really worth 35B just keep in mind how private companies are valued. Someone paid a lot of money for a chunk of stripe so thats what its “worth”. Personally I think stripe is close to worth - as another commenter put it - half of goldman sachs. The recent launch of loans, credit card issuing, etc are all bets or exercises that put stripe in an incredible position to…

What about Stripe versus Adyen or Square?

Stripe Connect's fee is 2.9% + 30¢ per transaction for all payment methods accepted; plus another fee of $2/user/mo for each active "merchant" on your platform.

Adyen's MarketPay fee varies depending on payment method and is about 1-5% + 12¢ per transaction. I've contacted them to ask what one could expect for MC and Visa, but Amex and Discover are 3.95%, so I imagine similar. No mention of any other fees.

So for smaller dollar transactions (~$5), Adyen appears to be cheaper. Also, they support ACH, which Stripe does not.

sources: https://stripe.com/pricing https://www.adyen.com/pricing/full-list

Re: Stripe’s new funding round values company at $35B

#152

Post by theturtletalks »

thorwasdfasdf wrote: post #100

Before stripe, I used paypal and it was sooo painful! There are so many terrible APIs out there that waste so much time needlessly. Then I found stripe. What a treat. Everything was documented and the documentation itself was both readable and didn't go in endless circles like the paypal ones. The error messages were helpful. And every api endpoint had an example, which is hugely helpful: HUGELY! All the other API de…

Paypal also came out and said they will no longer refund seller fees when a customer is refunded. Before, they used to just keep the $0.30, but now they will keep the 2.9% as well. More the reason to switch to a new processor like Stripe.

Re: Stripe’s new funding round values company at $35B

#153

Post by edwinwee »

GordonS wrote: post #132
nickjj wrote: post #66

Earlier quoted context omitted.

> ... most likely what GP is talking about the new payment intent APIs, even though I don't think there's a real way you could implement them any better given the PSD2 requirements. Yes, definitely this. Payment intents is so much more complicated and convoluted than the previous "Charges" API. Stripe went from one of the easiest bits of my app to develop to one of the most difficult, to the point where I'll admit it…

Yep, I came across the Payment Intents stuff - holy crap, it's complicated , and the documentation actually isn't great - it's good for details of API calls and such, but not for explaining what the hell you actually need to do, and why. I also upgraded our Stripe API version recently, as a result of the new SCA regs - the whole experience was really frustrating! It felt like it should have taken me 4 hours max (test…

Hrm, I've seen most who migrate spend a similiar time to your estimate. I know you've already migrated, but I'm really sorry it took that long, and I'd really like to hear where we can improve the docs. Would you mind emailing dev-feedback@stripe.com (and feel free to CC edwin@stripe.com).

Re: Stripe’s new funding round values company at $35B

#155

Post by huhtenberg »

colemorrison wrote: post #93
pc wrote: post #54

[Stripe cofounder] Thanks to everyone here who took a chance on us in the beginning and shared helpful feedback over the years! How to serve startups/developers more effectively at scale is still the main thrust of our product focus. We've fixed and improved a lot of things since we launched here in 2011, but we also still have a lot of work to do. (Both "obvious things we want to fix" and "new functionality we want…

Congratulations! Stripe has consistently made my life as a developer and entrepreneur significantly easier. I still remember that feeling of relief some 5-6 years ago thinking, "Yes! I don't have to use PayPal's API!"

Their API is actually not bad.

The problem is with their libraries, sandbox and testing tools. Also, their support is a complete and utter clusterfuck.

But the API is OK.

Re: Stripe’s new funding round values company at $35B

#156

Post by edwinwee »

Teichopsia wrote: post #146

Stripe is one of many services I would like to use but can't because they simply don't work in my country. I understand it can get somewhat complicated due to legalities I probably don't understand (or maybe the market is too small to even bother). But if your Navy can go through the country I live in, could you folks (in general and not directed at anyone) please try a little harder?

Where do you live? Our roadmap—literally—is quickly expanding to many more countries (we just launched in 8 new countries last week). And this new funding round will be put to use for that. :)

Re: Stripe’s new funding round values company at $35B

#157

Post by huhtenberg »

pc wrote: post #65
warent wrote: post #11

Stripe has made transactions for my SaaS business so painless. I recently learned that I have customers with different currencies and it's not even something I had to consider or account for. Yeah their API is a little bit... bloated for simple needs since they're covering for many different use-cases, but their superb documentation, clean dashboard UX, and relatively low fees really make the value offering huge. Ove…

> Yeah their API is a little bit... bloated for simple needs since they're covering for many different use-cases You're right. We're fixing this. Stay tuned.

Please also make using Elements with Stripe.js v3 fully optional.

We finished migrating to SCA-enabled payment flow not few days ago. Apparently, you can't create a PaymentMethod instance without using Elements and we don't have the time (nor do we see any practical need) to redo the frontend with them. So the end result is a Frankestein-style frontend that uses the v3, but with a fair share of v2 methods, because it's the only way to retain all the functionality we had prior to the migration (e.g. saving the card info for future use). This was a bit of nasty surprise to be honest. Migrating to the v3 basically breaks existing systems in a non-trivial and expensive to fix way... and the migration is mandatory because of SCA.

* SCA = strong customer authentication

Re: Stripe’s new funding round values company at $35B

#158

Post by Apocryphon »

dymk wrote: post #139
Apocryphon wrote: post #107

Earlier quoted context omitted.

Not to mention they are more regulatory compliant, and so likely deal with fewer lawsuits and have to spend less on lobbying.

> Not to mention they are more regulatory compliant Source?

Here's a few:

https://www.jotform.com/blog/is-stripe-psd2-compliant/

Linda Scott of Silicon Dales in the U.K. uses Stripe and isn’t surprised that the payment processor is in compliance. “We have found Stripe to be proactive and open around legislative changes.”

https://www.paymentssource.com/news/stripes-next-step-is-bui...

Stripe hasn't exactly been in the news for lawsuits or controversy, unlike AirBnB.

Re: Stripe’s new funding round values company at $35B

#160

Post by ianthiel »

tipalink wrote: post #151
pmart123 wrote: post #12

Earlier quoted context omitted.

What about Stripe versus Adyen or Square?

Stripe Connect's fee is 2.9% + 30¢ per transaction for all payment methods accepted; plus another fee of $2/user/mo for each active "merchant" on your platform. Adyen's MarketPay fee varies depending on payment method and is about 1-5% + 12¢ per transaction. I've contacted them to ask what one could expect for MC and Visa, but Amex and Discover are 3.95%, so I imagine similar. No mention of any other fees. So for sma…

Stripe supports ACH: https://stripe.com/docs/ach
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