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Stripe raises $600M at nearly $36B valuation

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

#451

Post by BoorishBears »

brongondwana wrote: post #425
dx034 wrote: post #416

Earlier quoted context omitted.

I don't think it's scummy. Revenues are usually measured on an annual basis, fees for many subscriptions come monthly. I believe this gives a good idea on monthly expenses for a business of a certain size.

Everything you say is true and yet - it also makes the amount look lower than it is (about .15%), which is still pretty small but it's O(100) vs O(100k) rather than O(10) vs O(100k).

Yeah but why are you saying "It's scummy maths and unworthy of you?" such an overreaction

Most people think of those kinds of expenses in monthly terms, maybe you're not aware of that. This isn't a press release, it's someone's comment off the top of their head.

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

#452

Post by gingerlime »

namibj wrote: post #438
plantain wrote: post #273

Earlier quoted context omitted.

Credit card chargebacks have an appeals / dispute resolution process. SEPA does not.

The process for SEPA is called "sue them"/"press fraud charges".

Against who? An email and an IBAN number? For our B2C with relatively small charges it definitely wasn’t worth it. Even CC chargebacks we don’t bother to dispute because the process is painful and virtually impossible to win (banks side with their own customers typically)

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

#454

Post by hnick »

m11a wrote: post #406
nickjj wrote: post #333

Earlier quoted context omitted.

All of what you provided as proof was what I submit too. I've won 100% of the disputes where it was pretty clear the person wanted to just grab the content for free and then do a charge back. The problem is Stripe not blocking the real fraudulent transactions where a bad actor stole someones credit card and signed up with that. These are the ones where I've lost 100% of the time (for good reason since it was fraud).…

Can I ask how do you win those? I've lost many of these via PayPal. Customer can claim goods not working all the way to "not my card, my kid bought it without my consent". I asked PayPal for their advice, and on that advice I keep email confirmation, IPs and timestamps of download, login, registration and payment IPs, billing address, etc. -- doesn't seem to help when I submit it all as evidence.

Paypal is notoriously customer biased. I have won these but usually because I reached out to the customer and talked it through. Either they didn't recognise or forgot the charge (couples who share accounts sometimes do this, they don't always communicate well so one disputes the others' purchases) or just want a plain old refund and thought clicking the Paypal button was easier than email.

Once I explain that I can simply refund them and it's quicker and easier, but they have to withdraw the dispute, it should happen.

If they actually stick to their story or go dark? I don't think I've heard many stories of Paypal siding with the business especially for digital goods.

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

#455

Post by ptrenko »

I remember seeing a graph (from Paul I think):

graph1: linear + exponential s curve

When you zoom out the first graph, the exponential part starts looking linear

graph2: linear + slightly less linear + exponential

Oh wait, it is an exponential curve right? D'oh

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

#456

Post by TrackerFF »

bagacrap wrote: post #182
remote_phone wrote: post #59

I hope they are letting the employees cash out at these rounds. Otherwise they will end up like Uber, Lyft and other unicorn employees that not only got screwed by the IPO, but the subsequent taxes because of that. I know many Uber employees that need to sell at these low prices just to pay taxes and their RSUs leaving them with very little actual gains.

Are employees supposed to make gains on their equity based compensation when their company underperforms? Isn't this a risk you take when joining a startup? Thus far the only thing Uber has ever proved successful at, financially, was taking VC money. So it sounds like what you're asking for is that startup employees be allowed to siphon vc funds into their personal bank accts.

Here's the way I see it - whether or not a company is profitable, rests entirely on executive management. It's their job to steer the company into profitability (by the right vision, strategies, and execution).

For rank and file workers, that may just build up the company, should get paid for their work. A company can be worth a lot, but still perform poorly.

If you have enough VC money coming in, you can purposely run a company unprofitable 'till for a long, long time - if you're goal is to simply undercut competition.

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

#457

Post by timcameron »

kernelbugs wrote: post #433
byefruit wrote: post #246

Earlier quoted context omitted.

Not affiliated with TransferWise in any way but just want to say that this is totally the opposite of my experience and that of pretty much everyone I know who uses TransferWise. We've moved hundreds of thousands of dollars through them over the last couple of years with no problems on their end (we've had problems with banks failing to transfer correctly though..)

I've had the same (mostly) great experience with them. My only issues with TransferWise have been having to ask recipients for their full addresses and then manually having to translate address schemes into something that fits in the boxes TransferWise provides in their forms. Sometimes things don't map over 1-to-1 (some Japanese and Taiwanese addresses, for example). I've also found that some Japanese banks only hav…

Hey kernelbugs, I work at TransferWise and would love to learn a little more about the issues you face with our address forms (it could be due to the fact that payment system limitations often lead to field limitation on our side). Hopefully I can help you figure out a way to make your life using our product easier as well. Could you please send me an email to tim@transferwise.com?

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

#458

Post by malandrew »

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?

Despite what anyone says, the answer is none. Taxes are paying for those electronic transactions to be possible.

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

#459

Post by namibj »

gingerlime wrote: post #452
namibj wrote: post #438

Earlier quoted context omitted.

The process for SEPA is called "sue them"/"press fraud charges".

Against who? An email and an IBAN number? For our B2C with relatively small charges it definitely wasn’t worth it. Even CC chargebacks we don’t bother to dispute because the process is painful and virtually impossible to win (banks side with their own customers typically)

The latter, mostly. And I was more referring to the existence of the dispute resolution process, not the viability for random low-value transactions.
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