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Stripe Treasury

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221–230 of 265 posts

Re: Stripe Treasury

#221

Earlier quoted context omitted.

What a shame that the flight attendants are either 1) so scared of their management that they won't listen to people explaining the masks are filtered or 2) simply unable to understand that a non-standard mask could have a filtered exhale valve (which is much safer than a cloth mask for others, too). I had the exact same thing happen to me on 4 different flights, with the flight attendants becoming very aggressive. I…

Honestly, I was very surprised by the belligerence. My strategy for interacting with any authority with disproportionate power over me is to tend towards normalcy so I was pretty rapidly complying with the mask swap. A friend of mine postulated that they couldn't hear me through my mask, but as I took it off and was swapping I said "I'm complying, I'm complying, I'm not arguing" in a conciliatory tone, it didn't seem…

Same here! I'm a very concilliatory person, and I always try to be courteous, but I couldn't calm any of them down (even when I was flying first class for a business trip!).

One gal even made me take off the mask and put on a surgical mask (which she gave me, she wouldn't let me wear my non-vented N95) in front of a security camera. That was pretty embarrassing, to be holding up the line, and felt like a scene out of a dystopian comedy.

I can only reason that it's for liability reasons, and the airlines don't want to be sued for someone getting infected.

But then again, people right behind me had cloth masks on with their noses exposed, who obviously didn't care, and they didn't get a second look. Neither did the airlines keep the middle seats free like they had promised too. Clown world.

Once I was on the flight I put my respirator on with a hoodie over it and slouched against the window, and they didn't bother me.

Re: Stripe Treasury

#222
The examples are built using NodeJS and are using Javascript's default number type (instead of the new BigInt or something more suitable) to represent the amount of money.

I love Node, but using number type for money seems like a very, very bad idea.

Re: Stripe Treasury

#223
post #31

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?

Open accounts with TransferWise and have those currencies sent to those accounts. You can convert it whenever you want.

Re: Stripe Treasury

#224

Earlier quoted context omitted.

Corollary: Outsourcing KYC means they learn from you getting stung.

You can have your cake and eat it, too: - Start with a third-party KYC solution - Slowly develop your own and compare the results with the one from the provider - When your own solution provides something similar to the other one, you can abort the subscription

Sort of like Apple cutting out Intel :P

Re: Stripe Treasury

#226

Stripe is eating banking with software. If I were a chartered bank I'd be nervous about a few core businesses right now.

Wait until google hops in, launches with their banking license, and starts lending based on their own models (tuned with their own data) straight from the Federal Reserve.

Re: Stripe Treasury

#227

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?

patio11 elsewhere here: "Stripe Treasury is presently only for businesses serving businesses"

"Well, mom, you just have to register as a business..."

Re: Stripe Treasury

#228

Stripe is eating banking with software. If I were a chartered bank I'd be nervous about a few core businesses right now.

I work for a chartered bank, I can tell you that nobody in upper management is nervous. Questions about this often come up during town halls or department wide meetings, the justification is always that they already have the clients, and that clients are sceptical of financial startups.

As a regular employee I just laugh it up, and watch startups launch similar products 10 times faster than we ever could. A startup could build an entire product, while my team is trying to get approval to even get considered for a launch.

Re: Stripe Treasury

#229
post #93

It's great Stripe is coming up with new services and changing how we do business online. Most purchases are now happening online, subscription based services are on rise and consumer buying habit is changing as well. I like Stripe and I use Stripe for my business. What I don't like about Stripe is they stepping on toes of their customers. Stripe starts with API service and later they introduce their product competing…

Stripe is probably using Apple playbook. Once you’re on the platform, everything works nice and smooth. It makes sense for Stripe to deliver on all the finance related experiences.

Re: Stripe Treasury

#230
post #185

When is Stripe going to IPO so mere souls can also invest in the company, it’s been long overdue.

Good for the people that want to speculate on the stock price, but bad for the people that actually use their products. I honestly hope they never go public, otherwise I fear they will just become another souless "salesforce"

Good for people with retirement accounts...
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