341–350 of 369 posts
Stripe looks great and is definitely at the top of my list. Does anyone know what name shows up on the customers statement? Is it customizable to something that includes your company nane (e.g. Stripe your_name_here)?
Earlier quoted context omitted.
I'm a college student, and pay cash for nearly everything, so I have very little credit history. After trying 3 or 4 merchants earlier this year, I still couldn't find one that would accept me, even with my father co-signing. Stripe is good news for young businesses.
Get a credit card and start using it -- paying it off 100% every month. I was in your shoes only a few years ago and it is worth starting to build your good credit early on. Even if you can only get a $300 limit.
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…
By making sure everybody has their own merchant account you may not make as much money on the transactions but you stay in business long term. And if there is one thing that really sucks it is to have to start all over again because your payment processor goes under, taking all your customers with it.
Stuff like that can kill you. If your transaction volume is serious enough to warrant your own merchant account then you should probably get one.
Earlier quoted context omitted.
We don't offer support for emailing your users right now.
How long does it take for a refund to be re-credited to the user's card? What's the chargeback threshold before an account gets put on hold? Is there a refund threshold? Eg. 1 out of 4 of our customers are dissatisifed with our product, so we refund 25% of all transactions. Also, you've created something absolutely amazing. ISO Sales agents across the country are going to be trembling. Speaking of which, will you hav…
We don't currently have any partner program, but it's definitely something we're talking about. Lots of things are in the pipeline!
Earlier quoted context omitted.
We're certified as PCI Level 1 Compliant (the highest level). You can definitely build a market place on top of Stripe. We don't, at the moment, have an easy way for you to take money and then pay it out to other people, but if you're able to handle that step on your own then Stripe can be a great way to collect payments for your marketplace.
Is it on the roadmap for the near future?
Awesome. I have been waiting to have a better look at Stripe, it sounds so great. I have a question for someone who might know: how can Stripe operate without requiring it's users to sign up for a merchant account? Do they hold what is known as a 'master merchant account'? I am just curious as these sound notoriously difficult to get and might explain why it's US only for now, not to mention the AML considerations of…
Earlier quoted context omitted.
I really like your idea of "pricing that scales." However, I feel the need to point out that no one can get a 1% rate on eCommerce transactions from their bank or anyone else. Interchange rates (cost) from Visa and MasterCard range from 1.71% + $.15 all the way up to 3.06% + $.10. Having said that, you're right about larger businesses finding Stripe's rates unpalatable. Maybe they're just trying to become the Square…
However, I feel the need to point out that no one can get a 1% rate on eCommerce transactions from their bank or anyone else. I didn't mention 1% as idle guesswork, I have direct knowledge of several businesses paying close to 1% on online (card not present, no signature) transactions. I'm not saying its easy to negotiate good rates, but its possible, even for fairly early stage startups. I got 1.6% for a startup tur…
I do about that volume, mostly card present, and think I have decent rates. I think I'm at Interchange plus .2% plus 1 cent per transaction plus $20 per month, and end up around 2.7% for total fees. I'm sure one can do better, but not by a lot. I'm willing to bet a considerable sum that you are not actually paying 1.6 percent once it's all added up. But if somehow you are, the loss of the bet would pay back quickly if I could get those rates myself!
