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

Stripe: instant payment processing for developers

stripe.com

Post reply on HN
Print view View original

21–30 of 369 posts

Re: Stripe: instant payment processing for developers

#21

Post by aculver »

swilliams wrote: post #2

"You don't need a merchant account or gateway." That's a killer feature right there. I've been considering using Braintree for a project, but seeing this is really making me reconsider.

Yeah, I was referred to Braintree when I was building http://limelightapp.com/ and I really liked them. However, using them required getting a merchant account, and getting a merchant account required getting a business license, and getting a business license cost $60 and a few hours going on a trip to City Hall and the Court House. Once I had that, Braintree still had to take a couple days to get the underwriting approved for my merchant account. To their credit, the crazy thing is that this is actually an awesome experience compared to working with other payment gateways.

If I could have, I definitely would have done this instead. This is like Square for web apps.

Re: Stripe: instant payment processing for developers

#22

Post by zaidf »

markbao wrote: post #5

Stripe pretty much takes payment processing kicking and screaming into 2011. Merchant accounts are a serious drag. I've opened a few and they've been nothing but headaches (especially if you're young—nobody trusts you.) Couple that with getting a gateway account, dealing with credit checks, monthly fees, monthly minimums, slow people in the payments industry, PCI compliance... Stripe takes payments and put them behin…

they've been nothing but headaches (especially if you're young—nobody trusts you.)

Ah, things must have changed from early 2000s. I had no problems getting (pretty high risk) merchant accounts back in high school.

That said, Stripe looks pretty cool. No more authorize.net mess=)

Re: Stripe: instant payment processing for developers

#26

Post by metageek »

ednc wrote: post #19

This is an amazing service. I've been researching all of this for a project I am advising on. Merchant Accounts, gateways, fee here,fee there, PCI - it can make your head explode. It looks like these guys have done it right, and finally hidden the layers friction, banking (and open palms) for us. Nice Work! One Nit if anyone from Stripe is reading - it was a bit hard to find the answer to "How & When do I get paid".…

The front page says "Earnings are transferred to your bank account on a 7 day rolling basis.".

Re: Stripe: instant payment processing for developers

#28

Post by saikat »

phzbOx wrote: post #10

Wondering when it will work in Canada? Also, how does it work "without merchant account or gateway" ?

We're working on international support right now -- though we don't have an ETA, launching in the US was definitely the first part of getting there (and we care a lot about going international -- about half our team is from other countries).

You don't need to make your own merchant account or payment gateway because we abstract over those details. We'll make whatever accounts are necessary and we work directly with the banks to make sure that your money is held in your name, what you want appears on your customers' credit card statements, etc.

Re: Stripe: instant payment processing for developers

#29

Post by david5342 »

Sounds nice, but the bottom line for me is that a typical $47 credit card sale, which always costs me $1.33 at PayPal, would cost me $1.66 at Stripe. Not much difference, true, but discouraging. I have no need of a fancy API, either--PayPal lets me specify the basics and fire off a simple Post from my PHP code. PayPal takes care of receiving financial information so I remain clean. Just my experience; yours may vary.
Post reply on HN