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Stripe raises $600M at nearly $36B valuation

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

#201

Post by wcarss »

pc wrote: post #134
rconti wrote: post #131

Earlier quoted context omitted.

Can you elaborate like I'm 5? Just very high level for those of us who only know "they charge a flat fee and a percent which makes microtransactions hard". What are the strategies/thoughts in the industry? Holding and batching payments on a per-user basis? Trying to get agreements so you can batch payments on a per-processor or per-network agreement? Hourly? Daily? Weekly?

> Just very high level for those of us who only know "they charge a flat fee and a percent which makes microtransactions hard". That's pretty much the story :-). And so the questions are then whether we subsidize the transactions, batch them (as you say, though that makes refunds and statement descriptors tricky), get card networks to change their policies, or somehow shift how the payments are made (e.g. encouraging…

I recall thinking a few years ago that offering batching as a business built atop stripe sounded like a neat business -- effectively letting users choose a batching solution if they desired, but after closely reading the Stripe Terms of Service, I think it appeared to be disallowed.

If Stripe were willing to allow third parties to act as a batching passthrough (or if I was wrong and you do!), this seems like a low-cost way to let the market decide what an acceptable refund/statement descriptor regime should look like.

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

#202

Post by eruci »

pc wrote: post #75

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…

I'm both a Stripe and a Paypal user. I wish Stripe made recurring payments as easy to implement as Paypal.

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

#203

Post by krn »

wilg wrote: post #185
pc wrote: post #75

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…

We had to move off of Stripe because Stripe doesn't handle tax collection and remittance. We've moved to Paddle which takes care of that for us. Recommend!

> We had to move off of Stripe because Stripe doesn't handle tax collection and remittance.

Chargebee does this on top of Stripe.

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

#204

Post by dannyw »

pc wrote: post #75

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…

Patrick, we switched away from Stripe because your risk management systems kept declining valid cards in certain low-GDP countries, and there was no way to override.

We are one of the larger SaaS companies and as a personal lover of Stripe, it was surprising to me that you couldn’t customise these systems, esp at our volume.

We switched to Ayden and saw very significant revenue increases in those countries; because valid cards stopped getting declined.

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

#205

Post by jacquesm »

pc wrote: post #31
jacquesm wrote: post #25

Earlier quoted context omitted.

In which book is $600M 'a little' :) Really, that's boatload of money by any standard.

Fair :-). "A little" relative to market cap. But, yes, $600M is a staggering amount of money in absolute terms.

It's interesting though, how do you conceptually deal with these very large numbers? Do you equate it to some kind of internal standard of 'X employee years' or how does it work for you?

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

#206

Post by gen220 »

pc wrote: post #75

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…

In the last few months, I put together a tiny static website for my SO to sell her photographs to clients, and I budgeted a lot of time for integrating a payments solution. Like many others will say, I was pleasantly surprised how little time the integration step took.

I used the "beta" react hooks integration, and the UX of getting it all set up was basically flawless. I found the documentation (especially the quickstarts/tutorials) to be incredibly helpful.

Four pieces of constructive feedback:

- There seemed to be 3 or so quickstarts/tutorials for the same developer flow, at varying levels of detail (good), but they all had similar names and were difficult to distinguish from each other. My impression was that they were built on top of each other (i.e. one was X years old, another one X-2, etc.), but the old ones weren't removed? Unsure.

- I found the API documentation to be very good on big screens, but relatively painful on smaller screens.

- On my personal laptop (an older thinkpad), scrolling through the docs was unresponsive at times. In general, I'm a fan of the "everything-on-one-page" approach, because it makes grepping the docs easier. But I think that the quantity of dynamic elements in the API interferes with this approach :/

- I don't appreciate applications that hijack ctrl+f. I appreciate that you can double click to get native browser search, and that this is explained in the modal, but I really wonder if this helps people navigate more efficiently. I appreciate that the work that's gone into this feature must be very impressive, but I'd prefer a search bar with a different hotkey than ctrl+f. Might be worth AB testing.

Ending on a note of praise, the dashboard experience is incredible. Huge kudos on how far it's come, and how easy it is for nontechnical people to use and discover.

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

#207

Post by carapace »

lisper wrote: post #163
carapace wrote: post #115

Earlier quoted context omitted.

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.

Bitcoin vs government service is a dispute over implementation, not principle. Personally I hew towards government, but it's important to be clear about what is actually being argued about otherwise the forces of evil will be able to divide and conquer.

> it's important to be clear about what is actually being argued

I agree, and I'm not arguing with you, at least not directly.

I personally think of "rights" as a kind of useful fiction that gives a kind of psychological "leverage" in politics. I understand that a lot of people think that that term has some sort of concrete real-world referent, but I don't. I've never read anything intelligible on the matter, e.g. the US Constitution says God endowed us with them. It's poetic but legally meaningless AFAICT.

So I really don't want to argue about principles. It smacks of theology to me and I believe in the separation of Church and State.

Bitcoin, for better-or-worse, already lets people transfer wealth without asking anyone for permission for very reasonable cost. One way I can interpret what you're saying is that governments shouldn't attempt to outlaw that.

But I think you mean more. I think you mean something like, constitutions should be amended to include EFT as a "basic human right", and that governments should provide the service too. Is that right?

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

#208

Post by RussianCow »

samschooler wrote: post #86
pc wrote: post #75

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…

Do you know why that big spike happened? Is it possibly related to people being furloughed + having new side hustles they are just now working on/starting?

Not OP, but my guess is businesses that previously had little to no online presence are scrambling to set something up so that they can continue serving customers during the pandemic.

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

#209

Post by antoniodf »

wilg wrote: post #185
pc wrote: post #75

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…

We had to move off of Stripe because Stripe doesn't handle tax collection and remittance. We've moved to Paddle which takes care of that for us. Recommend!

Hi! Thanks for this feedback. I work at Stripe on improving our tax reporting product. May you elaborate on what was missing exactly?

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

#210

Post by samg »

melias wrote: post #196
samg wrote: post #106

Earlier quoted context omitted.

Yes, coming soon! Email me at sgerstenzang@stripe.com if you'd like to try this feature out early.

Are there any plans to allow for integration with 3rd party gift card platforms on the Stripe Checkout?

Not at the moment, but would love to hear more about what you're looking for.
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