Why would a very successful company need $600M? this is pure speculation now.
Stripe raises $600M at nearly $36B valuation
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Re: Stripe raises $600M at nearly $36B valuation
#112Earlier quoted context omitted.
> There's no benefit to having a small business that provides inferior products or inferior service relative to a large company. Sure there is - in terms of where the profit goes. The profit in a small business goes to the owner(s), who usually live somewhere in the local community, and in turn that money stays within the community to be spent on other businesses there. When a Walmart comes along, the profits all mov…
Smaller businesses are also more swift and responsive to needs in their environment (when they have enough resources). While big companies are prone to take risk-averse actions (layoffs, outsourcing, store closures), smaller businesses have less layers of management, so pivots and benevolent actions are more likely.
> Smaller businesses are also more swift and responsive to needs in their environment
And yet, the covid crisis demonstrates the opposite effect.
Re: Stripe raises $600M at nearly $36B valuation
#113Stripe 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…
I've been using Stripe for several years and love it. Switching to payment intents this year was seamless.
One thing I'd love you guys to do is create your own QuickBooks connection app. Most companies offer their own - yours is through Sush.io with your logo and bad ratings. I can't get it to work and I'm not the only one.
Re: Stripe raises $600M at nearly $36B valuation
#114Re: Stripe raises $600M at nearly $36B valuation
#115Earlier quoted context omitted.
i don't know about best buy, they might be able to negotiate something better. but for small fish, it's standard practice to keep not just the fee, but twice the fee: when you charge a card, visa charges you 2.5% on the purchase amount. and then when you refund the card, visa charges you 2.5% on the refund amount. as far as visa is concerned, they're both just transactions, regardless of the direction, and they want…
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…
I can't believe I'm going to be "that guy" but, uh, bitcoin, eh?
Rights aren't granted, they have to be taken.
To the tune of "Yellow Rose of Texas" (from the Simpsons):
The yellow gold of Texas
Is what I long to save.
I will not pay no taxes
If I hide it in a cave.Re: Stripe raises $600M at nearly $36B valuation
#116Oh.. May be Stripe will hire Frontend Developers who use Firefox to fix numerous bugs?
Re: Stripe raises $600M at nearly $36B valuation
#117I 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)
Consumer saas. 60% of our payments come through PayPal.
Re: Stripe raises $600M at nearly $36B valuation
#118Earlier quoted context omitted.
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.
It’s a business decision, not a talent issue.
Re: Stripe raises $600M at nearly $36B valuation
#119Earlier quoted context omitted.
Because they're aiming to be even more successful. $36B is still a tenth of Visa, and I think Stripe believes they can eventually become an equally important part of the financial ecosystem.
It’s larger than Adyen who has a arguably a better platform and bigger customers like eBay and Microsoft. Stripe has Shopify but with their misstep of not refunding processing fees on returns, that’s going away quickly as merchants pressure Shopify.
Stripe's forward looking goals seem to be mostly about expanding and changing the nature of online commerce, rather than capturing the existing payment processing market. I agree it'd be dumb for them to expect to grow based solely on stealing customers from existing processors.
Re: Stripe raises $600M at nearly $36B valuation
#120Naive question: why? Aren't you already profitable and making more money as even more transactions happen online?