Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Stripe raises $600M at nearly $36B valuation

axios.com

Post reply on HN
Print view View original

71–80 of 463 posts

Re: Stripe raises $600M at nearly $36B valuation

#71

Post by parsadotsh »

Znafon wrote: post #56
lisper wrote: post #45

Earlier quoted context omitted.

IMHO it is time to start promulgating the idea that electronic money transfer should be considered a basic human right just like free cash transactions have been since the invention of money. It already is that way in many advanced countries where electronic money transfer is a service provided by the government. It is only in the U.S. where a private monopolistic cartel is allowed to impose a private tax on all reta…

In what countries can you do free electronic transactions?

China, for one. (in Beijing atm)

Re: Stripe raises $600M at nearly $36B valuation

#72

Post by timerol »

tschellenbach wrote: post #19

Anyone know Stripe's revenue and the multiple this 36B valuation represents?

There's huge uncertainty in the estimate, but someone on Forbes sites guessed about $3.4B yearly revenue in the fall. https://www.forbes.com/sites/christianowens/2019/09/21/strip...

Re: Stripe raises $600M at nearly $36B valuation

#73

Post by tnorthcutt »

fbelzile wrote: post #55

I'm very happy with Stripe and for their success, but I plan on switching all my payments to go through PayPal again. I did some math and PayPal offers a better deal for Canadian businesses after Stripe bumps me off of their grandfathered conversion fees in a couple months. I love the slick interface, but it's simply not worth the thousands per year I'll be saving with the switch. For me the main selling point for an…

Watch out for PayPal freezing funds at their discretion, for long periods of time.

https://www.google.com/search?q=paypal+freeze+funds&oq=paypa...

Re: Stripe raises $600M at nearly $36B valuation

#74

Post by noelwelsh »

malandrew wrote: post #64
tlrobinson wrote: post #39

Earlier quoted context omitted.

Sadly, it’s also likely one of the largest and fastest transfers of wealth from small businesses to large corporations. As Amazon hires 100,000+ workers how many small businesses are shuttering for good? Stripe is one of the “good” tech companies in this respect by helping to level the playing field for smaller businesses, but it’s not going to be enough.

I don't understand this idolization of small over large (or vice versa for others). The thing that matters most is that businesses best satisfy their customers, whether they are small or large. There's no benefit to having a small business that provides inferior products or inferior service relative to a large company. I buy from small companies all the time and many of those that I do will likely survive because the…

Large companies have more power than smaller ones. This could be the power to offer poor products at inflated prices, or power to alter political processes to their favor.

Re: Stripe raises $600M at nearly $36B valuation

#75

Post by pc »

Stripe cofounder here. This isn't really new -- it's an extension of our last round (https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc...).

That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s).

As always, thank you to the many HNers who are also active Stripe users!

Re: Stripe raises $600M at nearly $36B valuation

#76

Post by 3pt14159 »

fbelzile wrote: post #55

I'm very happy with Stripe and for their success, but I plan on switching all my payments to go through PayPal again. I did some math and PayPal offers a better deal for Canadian businesses after Stripe bumps me off of their grandfathered conversion fees in a couple months. I love the slick interface, but it's simply not worth the thousands per year I'll be saving with the switch. For me the main selling point for an…

I've worked for FreshBooks and three other invoicing or payment related companies, and I have lots of friends that work at Shopify or run online stores.

Billing through PayPal is playing with fire. They can and do freeze accounts and it can take months to get the issue resolved. It will probably be fine, of course, but I've seen it happen and personally, if I were in a high margin business, I'd stick to Stripe. Especially if you run a company where other people make money on your platform like an Etsy or similar.

Re: Stripe raises $600M at nearly $36B valuation

#77

Post by siod »

Znafon wrote: post #56
lisper wrote: post #45

Earlier quoted context omitted.

IMHO it is time to start promulgating the idea that electronic money transfer should be considered a basic human right just like free cash transactions have been since the invention of money. It already is that way in many advanced countries where electronic money transfer is a service provided by the government. It is only in the U.S. where a private monopolistic cartel is allowed to impose a private tax on all reta…

In what countries can you do free electronic transactions?

Australia has free bank transfers and our credit card fees are regulated to be significantly lower (amex = ~1.5%, visa/mc = ~0.5%).

Re: Stripe raises $600M at nearly $36B valuation

#78

Post by yellow_postit »

crtlaltdel wrote: post #37
sjunlee wrote: post #22

Earlier quoted context omitted.

Is Stripe still hiring during COVID-19?

quite a few shops are hiring rn. i’ve been told google plans on easing up on hiring over the rest of 2020, but it wasn’t described to me as a freeze. there are a bunch of startups that managed to close funding before this broke open, they’ve been hiring as well if thats your thing

Google wouldn’t describe it as a freeze. “Pause”, “slow down”, “recalibration” are all great euphemisms because unless you are super hard up on cash you are going to have critical roles to fill or backfill and the PR hit on a “freeze” is and unforced error.

Re: Stripe raises $600M at nearly $36B valuation

#79

Post by tbrock »

nickjj wrote: post #69
fbelzile wrote: post #55

I'm very happy with Stripe and for their success, but I plan on switching all my payments to go through PayPal again. I did some math and PayPal offers a better deal for Canadian businesses after Stripe bumps me off of their grandfathered conversion fees in a couple months. I love the slick interface, but it's simply not worth the thousands per year I'll be saving with the switch. For me the main selling point for an…

Are you planning to go through PayPal directly or Braintree? One thing I notice is, I get much less fraudulent payments through PayPal, and when I do get them it's handled automatically (and most of the time they end up being not fraud because PayPal investigated it and released the funds). 100% hands free, $0 in fees. With Stripe, not only do I get more fraudulent payments but you need to pay $15 as a dispute fee th…

Stripe should be able to add those features, their team is really strong.

Re: Stripe raises $600M at nearly $36B valuation

#80

Post by mgbmtl »

buf wrote: post #48

I just wish Stripe figured out how to integrate with PayPal. I'm stuck using Braintree because I want a single payment provider for CC and PayPal payments.

Just curious: what field are you in, and what's the % of PayPal payments?

I work with non-profits in Canada. PayPal used to be omnipresent, but in the past 2-3 years, most of our clients dropped it. I never found any good data to back whether we should still support it or not. (payment method FOMO)

Post reply on HN