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Stripe Treasury

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251–260 of 265 posts

Re: Stripe Treasury

#251

Post by yannlevy »

tarstarr wrote: post #68
uses wrote: post #39

Does 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.

Stripe isn’t a bank either! We hold various financial licenses and partner with a number of large global banks to power Stripe Treasury. That said, you can definitely build atop Stripe Treasury to offer your customers fintech services, so that they can perform all of their money management needs on your product. Though we’re interested in helping entrepreneurs build financial services for many use cases, today we onl…

How is that different from other BaaS solutions ? such as Bond Tech or Wise ?

Re: Stripe Treasury

#252

Post by eloff »

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!

Could one use this for a micro loan or payday loan platform? And the loan money via this and send monthly payment requests?

I've long had in mind doing something like that as non profit to wipe out the predatory payday loans business which preys on the most financially vulnerable in society. It just seems too difficult for me to do with current bank services. This potentially changes the calculus.

Re: Stripe Treasury

#253

Post by ConnerFritz »

joshuakelly wrote: post #43

There's a reason "marketplaces" get a call out on this landing page. Every single startup that has to manage buyers and sellers ends up needing to implement their own bespoke "treasury" operations. There are other players in this space (Modern Treasury for example), but obviously the distinct Stripe advantage is integrating with the payment stack. This would have saved years of development efforts and maintenance on…

hi josh

Re: Stripe Treasury

#254

Post by digitaldarwin »

waffle_ss wrote: post #65
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 Stripe Treasury still beholden to Stripe's list of restricted businesses?[1] A few years ago I started a company with some partners and we signed up with Stripe Atlas. At the end of the lengthy application we got rejected by Stripe because our business falls under the "regulated" category. Even though we didn't need credit card processing, just ACH, and the former is seemingly where these list of prohibited busine…

I had the same issue with my startup a few years back that was classified as transacting via rebates. Because the payment method was a rebate against a purchase Stripe dismissed us. And, like Waffle_es, that's when I discovered Dwolla. Nothing against Stripe, every business can choose who they want to serve.

Re: Stripe Treasury

#255

Post by radihuq »

pbowyer wrote: post #181
radihuq wrote: post #62

Earlier quoted context omitted.

This has an incredible amount of potential in the events space --- I'm excited to see what new advances this tech will enable

Why? I'm really not getting the usefulness of this offering, so can't have been exposed to or dealt with companies that have the problem it's solving. I have worked with events companies on ticketing systems, so any example scenario you can share around events would be great to help me understand.

If I understand Stripe Treasury correctly, then a full-suite event management platform that implements this tech can drastically reduce friction for starting a small events business

(sorry for the hasty weak reply; just wanted to get a response in before the thread locks. I'll email you some specific use cases in a couple days)

Re: Stripe Treasury

#256

Post by webmaven »

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!

Hi Tara, congratulations on the launch!

Will Stripe Treasury support Factoring use cases? If you're not familiar with factoring, let's say you get a large order that you can't actually afford to fulfill due to a lack of cash-on-hand to buy materials, rent equipment, etc. Rather than requiring the customer to pay up front or getting a loan (possibly using the invoice as collateral), you can just sell the Net-30 (or 60, or 90) invoice outright for something like 95¢ on the $ to get the money you need to fulfill the order. This is particular popular in industries like fashion that have long lead times for both manufacturing and for billing.

Anyway, could Treasury be used like this?

Re: Stripe Treasury

#257

Post by ReallyFantastic »

tarstarr wrote: post #45
nojvek wrote: post #11

Earlier quoted context omitted.

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…

Here are some of the common use cases we’re seeing so far: * Bank account replacement for SMBs and sole props, integrated directly into the platform or marketplace they’re already using. For example, today a Shopify merchant earns their revenue on Shopify but then has to transfer funds out to manage overall cash flow elsewhere (e.g., pay bills). Shopify is building Balance [0] with the Treasury API so this user can m…

On the third example about a food delivery service issuing cards for couriers: isn't this what Marqeta already does for Doordash? Is Stripe doing anything differently with Treasury?

Re: Stripe Treasury

#258

Post by jklein11 »

karlshea wrote: post #94
jklein11 wrote: post #90

Earlier quoted context omitted.

>Apple seems to be able to (see Grindr). Can you please elaborate on this?

You pay for a Grindr subscription through Apple using IAP. Grindr presumably wouldn’t be allowed to use Stripe given their terms of use. If one wanted to create something like Grindr but as a website instead of an app, the options for payment are extremely limited.

You can't use Stripe for a dating app?

Re: Stripe Treasury

#259

Post by edwinwee »

jklein11 wrote: post #258
karlshea wrote: post #94

Earlier quoted context omitted.

You pay for a Grindr subscription through Apple using IAP. Grindr presumably wouldn’t be allowed to use Stripe given their terms of use. If one wanted to create something like Grindr but as a website instead of an app, the options for payment are extremely limited.

You can't use Stripe for a dating app?

You can. Many dating apps use Stripe.

Re: Stripe Treasury

#260

Post by karlshea »

jklein11 wrote: post #258
karlshea wrote: post #94

Earlier quoted context omitted.

You pay for a Grindr subscription through Apple using IAP. Grindr presumably wouldn’t be allowed to use Stripe given their terms of use. If one wanted to create something like Grindr but as a website instead of an app, the options for payment are extremely limited.

You can't use Stripe for a dating app?

"sexually oriented dating services" are prohibited from using Stripe: https://stripe.com/restricted-businesses
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