Is this multi currency or USD only? Does this mean I can store EUR alongside USD via my Stripe checkout sales, instead of being forced to convert immediately?
Stripe Treasury
31–40 of 265 posts
Re: Stripe Treasury
#32Super 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.
This is something I've wanted for a while, for personal use only. I wonder if their pricing and license will actually accommodate this kind of use case though.
Re: Stripe Treasury
#33[deleted]
Re: Stripe Treasury
#34Earlier quoted context omitted.
Hi Tara, this looks like it solves some of the limitations we've run into using Stripe Connect with ACH, which is very exciting! Will existing platforms using Stripe Connect eventually be able to add Stripe Treasury for existing users?
definitely! we want to make it as easy as possible for existing Stripe Connect users to add Treasury functionality for their connected accounts. Request an invite [0] (the product team is personally monitoring this queue) and let's chat about what you're looking to do! 0. https://stripe.com/treasury#request-invite edit: added a space
Wonderful! I requested an invite, my email is tyler@... and my initials are TG. Looking forward to hearing from you!
Re: Stripe Treasury
#35Earlier quoted context omitted.
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?
We have been ramping up our rollout of Stripe Issuing over time, and will do similar for Stripe Treasury. Can we have your email address? (You can email it to me at this handle at stripe.com) Depending on the specifics of your use case, we may be at general availability. There are no particular revenue or scale requirements; we tend to roll out features to a few users across the spectrum because supporting users from…
> supporting users from startup-in-a-garage to publicly traded customers is what we do
Unless that startup is a site that has naughty pictures!
Re: Stripe Treasury
#36I'm continue to be amazed by Stripe innovations. Financials companies used to stagnate (e.g. PayPal) while Stripe keeps reinventing itself... Stripe Capital, Stripe Checkout, Stripe Treasury...
Re: Stripe Treasury
#37Hi 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…
keyword is Treasury eg handling all the payment operations tasks that an in-house corporate treasury team that’s responsible for moving money in and out of the company’s bank accounts might complete
Re: Stripe Treasury
#38Hi 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!
When platforms carry float or help issue loans, do they make money?
Re: Stripe Treasury
#39Does this allow me to basically create my own bank? Like could I make my own version of Simple, and use this as the back end? I'm confused because I thought there were a lot of legal requirements to banking and not just the actual services they provide, which this seems to commoditize.
Re: Stripe Treasury
#40Earlier quoted context omitted.
Is this mainly available in North America?
(Stepping in for Tara because she is currently dealing with a literal fire. Never a dull moment on launch day.) We're starting the limited beta for businesses serving businesses in the U.S., but our ambitions for products are always bringing them to all appropriate users on the internet. This is one reason why we partnered with global banks to launch this.
A literal fire? Sounds like a good story. Tell?