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

Stripe Treasury

stripe.com

Post reply on HN
Print view View original

11–20 of 265 posts

Re: Stripe Treasury

#11

Post by nojvek »

tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

The landing page doesn’t really explain what kinds of problems Treasury solves (may need some customer education since it’s so new)

IIUC this is useful for marketplaces like Lyft/Uber/Shopify to automatically provision bank accounts for drivers and have money deposited in there? The value add is faster payouts?

Can I use this as a replacement to plaid api? I.e open a bank account through stripe and use that as a way to do finance analytics? What are the banking fees?

Basically: which customer audience is this targeting ? and what headaches does it solve for that audience?

Re: Stripe Treasury

#12

Post by griffinkelly »

tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

The one thing I've been hoping Stripe eventually rolls out is escrow; hopefully this is a step towards that?

Re: Stripe Treasury

#13

Post by an_opabinia »

tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

"Financial services" are verbatim not allowed by Stripe's Acceptable Use Policy. What kind of businesses are permitted to use Stripe Treasury?

Which functionality is specifically provided (or anticipated to be provided) by Goldman Sachs Bank? The answer is probably a credit card.

Who performs KYC? Is it Stripe FTEs, Stripe contractors, or a vendor? Is it Evolve's vendor? The answer is probably a vendor.

When submitting payments or transfers, does your interface provide a way to show purpose of payment when the transfer is initiated? The answer is probably no.

Not sure why this keeps getting downvoted, these are not very opinionated or critical questions. It's also pretty reasonable to just guess answers, especially benign answers, based on their competitors, if they choose not to answer. They're all good faith questions.

Re: Stripe Treasury

#14

Post by scrollaway »

jeremymcanally wrote: post #8

I look forward to the GitHub project that makes a one-click to deploy to Heroku your own "bank" using this. :) I haven't dug into their terms, but is there any reason you couldn't create effectively a bank of one customer (or even just your family?) with this, backed by their larger institutions? Issue your own debit cards, the works?

I look forward to the terraform bank account module to follow. :)

Re: Stripe Treasury

#15

Post by narrationbox »

tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

Is this like Stripe Issuing where it is only available to a small number of companies? A lot of newer Stripe products seems to be available to large enterprises only. We applied for that waitlist multiple times but never heard back. What are the revenue or scale requirements for your targeted customers? Is it suitable for fintech e-wallets/banks?

Re: Stripe Treasury

#17

Post by tim_sw »

tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

Is this mainly available in North America?

Re: Stripe Treasury

#18

Post by granzymes »

narrationbox wrote: post #15
tarstarr wrote: post #5

Hi everyone, I’m Tara, PM on Stripe Treasury. Treasury is a banking-as-a-service API for platforms—built in partnership with the world’s leading banks. Embed interest-earning accounts, bill pay, ACH and wire transfers, and faster access to revenue directly in your platform. Happy to answer any questions here—and I’d love to hear your feedback!

Is this like Stripe Issuing where it is only available to a small number of companies? A lot of newer Stripe products seems to be available to large enterprises only. We applied for that waitlist multiple times but never heard back. What are the revenue or scale requirements for your targeted customers? Is it suitable for fintech e-wallets/banks?

Well from the website Issuing looks to be available to everyone now. Seems like a normal product rollout to progressively increase the audience size.

Re: Stripe Treasury

#19

Post by alexobenauer »

jeremymcanally wrote: post #8

I look forward to the GitHub project that makes a one-click to deploy to Heroku your own "bank" using this. :) I haven't dug into their terms, but is there any reason you couldn't create effectively a bank of one customer (or even just your family?) with this, backed by their larger institutions? Issue your own debit cards, the works?

This would be incredibly interesting.

I have yet to find a bank for our business accounts that doesn't make me jump through ridiculous hoops to get basic things done.

Re: Stripe Treasury

#20

Post by scop »

Super interesting from a business perspective, but can’t help but think of the personal front too. While it may be difficult to execute safely/cheaply, just the idea rolling my own personal checking account is phenomenal.
Post reply on HN