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Stripe raises $600M at nearly $36B valuation

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

#251
post #203
post #185

Earlier quoted context omitted.

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.

They only work for subscriptions though - one-off payments (e.g. e-commerce sites) can't use them.

(There are hacky workarounds - but likely not worth the effort)

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

#253
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…

Any plans to go public?

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

#254
post #239

Adyen: $25b market cap, with 2019 full year net revenue being $538m, up 43% year-on-year. https://www.adyen.com/investor-relations/news/h2-2019-financ... Stripe: Significantly less than Adyen, as many have reported. ---- Same business model, with Adyen having a higher operating margin. This should be interesting to see how this plays out. Either Adyen will skyrocket in value, or Stripe will decrease in value.

Isn’t adyen cheaper too?

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

#255

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…

Stripe not allowing to withdraw onto USD accounts not located in the US is an absolutely MASSIVE gripe with the service. We operate internally in USD - we sell in USD, we pay in USD, so we end up being shafted with not one, but two pointless FX conversions. And that's without going into minor stuff like the headaches with refunds done at rates, extra accounting overheads, etc.

Paypal also have some crappy rules about adding a USD account to a company not registered in the US.

And they're currency conversion fees are obscene if you want to withdraw USD to EUR (on the order of like ~4% iirc)

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

#256
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…

My top issues running my business on Stripe: 1) Many countries still only allow depositing a single currency (i.e. Aus/AUD), doubling the cost of transaction due to the currency conversion, even tripling when we have to convert it back to pay our bills. I always get told either "soon", or "not possible due to the law", despite competitors doing it. 2) If we were an EU company, we'd get charged 1.4%+25c on transaction…

How is it arbitrary that you get charged a rate for a service based on where you are?

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

#257
post #162

Earlier quoted context omitted.

Would you mind sharing your percentage of fraud with the two services? (I assume you are using Braintree.) Honestly, you are the first person to make a good case on using PayPal over Stripe. Especially with the arbitrary horror stories I hear about PayPal all the time. > It's a shame Stripe doesn't offer the Radar service (helps detect and prevent fraud) with custom rules as part of their normal service. You can only…

I use Stripe and PayPal currently but on the next platform I'm currently building I'm strongly (and very seriously) considering Braintree. With PayPal, the fraud experience has been nothing short of amazing. Out of many many thousands of transactions, I've only had about 3 or 4 transactions get flagged as high risk by PayPal. What this means is PayPal will hold the funds, review the transaction and then either give y…

> Their docs are typically good, but the SCA / Payment Intents docs are not really at the same standards as the rest of their documentation yet.

Stripe PM on the Payment Intents API here. You're right that there were some rough edges when we started rolling out this new API last year. SCA is complex and we want to help make it easy to navigate this regulation: we designed the new APIs to abstract away as much of the complexity as we can. In addition, thanks to a lot of feedback from users, we made important changes to our docs architecture, guides, API reference, and Dashboard in November 2019, and are continuing to iterate on it. I would love feedback on how we can further improve our documentation. I’m olivier@stripe.com.

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

#258

Earlier quoted context omitted.

Having many currency crashes going back to post ww1 probably is one of the causes - and maybe a more healthy if cynical view of government.

Currency crashes favor debtors, don't they?

I mean complete replacement of a currency and its German savers that have the fear that their savings will become worthless

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

#259
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 did an online shop for my in-laws due to the shutdown and it's working really great with Stripe and Woocommerce. So massive thanks for that.

We had one hick-up, which was the fault of a wrong PHP setting and we got several duplicate orders as a result. In the stripe dashboard I could clearly see failed webhooks in the post mortem. So if there were some kind of email alarm if an error threshold is exceeded that would be nice. I did not find any such feature, if I should have missed it please point me towards the right direction. Cheers.

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

#260
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've been making lots of little business apps and integrating them with Stripe. My main handicap has been the need to create a different Stripe account each time. It would be nice if I could have multiple sets of api keys under one account for each of my businesses
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