How much longer are we just going to keep eating up whatever the Stripe PR machine churns out? They did a great job with payments but a lot of their auxiliary products are just worse versions of other businesses.
Stripe Financial Connections
161–170 of 263 posts
Re: Stripe Financial Connections
#162Earlier quoted context omitted.
Plaid founder here. Stripe does not integrate with any bank API's directly (AFAICT). They wrap two aggregators, MX and Finicity to build this product. (Also, not sure what MX products they are using, but MX itself is an aggregator of aggregators, including others such as Yodlee.) On pricing, Stripe's listed rates are 30-200% higher than Plaid rates (perhaps due to high vendor costs). That said, if anyone does have fe…
Edwin from Stripe here. Stripe does integrate directly with banks. In our beta period, most volume we’ve seen has been over bank APIs. Some banks do not have APIs—we use financial partners to connect with them, and we’re talking with many banks in hopes that they will enable direct API access soon. Our pricing is upfront: https://stripe.com/en-us/financial-connections#pricing . We’ve worked with a large beta group of…
Gotta love this spicy thread
Re: Stripe Financial Connections
#163Earlier quoted context omitted.
Plaid founder here. Stripe does not integrate with any bank API's directly (AFAICT). They wrap two aggregators, MX and Finicity to build this product. (Also, not sure what MX products they are using, but MX itself is an aggregator of aggregators, including others such as Yodlee.) On pricing, Stripe's listed rates are 30-200% higher than Plaid rates (perhaps due to high vendor costs). That said, if anyone does have fe…
I'm very familiar with both Finicity and MX. I know that MX isn't an aggregator of aggregators. Stop lying bro. Tell people about how you abuse credentials and take some responsibility rather than trying to constantly pass the buck and blame others.
Hey - can you please make your substantive points without personal attacks or swipes? We ban accounts that do those things—especially new accounts showing up to fight shit out like this. Not cool, no matter how right you are or feel you are.
Also, it's not in your interest to post like this to HN anyhow. The audience will only side against you if you fulminate and call names. If you want to win readers over, you should drop all that and instead provide specific, concrete information and say what's important about it.
(Before anyone misinterprets the above: I have no idea which side you're on. I haven't looked at any of the comments you've replied to. All I know is that, whichever side you're arguing for, you're going about it in the wrong way for HN. If you'd please review https://news.ycombinator.com/newsguidelines.html and fix that, we'd appreciate it.)
Re: Stripe Financial Connections
#164Plaid CEO has some words for Stripe: https://twitter.com/zachperret/status/1521898404061716480
EDIT: The accused person has denied these allegations, claiming that Plaid reached out to Stripe (not the other way around) and that the RFPs were because Stripe invited Plaid to be part of the product: https://pbs.twimg.com/media/FR8FjJ9VsAAMY_k?format=jpg&name=... > Wow! Jay, you took interviews with Plaid & asked probing questions multiple times over the past few years, and your team sent repeated RFP's (under NDA…
yeah, Stripe has a totally reasonable defense for this:
1. Obviously this is a product we'd want to build because our customers want it
2. We contacted Plaid to see if they wanted to be part of it
3. Plaids pricing didn't work for us so we built it ourselves / went with other providers
Not sure what you'd even get from talking to the team at Plaid that couldn't be learned in an afternoon or two using product that use Plaid and hacking on banking API's.
Re: Stripe Financial Connections
#165Earlier quoted context omitted.
Edwin from Stripe here. Stripe does integrate directly with banks. In our beta period, most volume we’ve seen has been over bank APIs. Some banks do not have APIs—we use financial partners to connect with them, and we’re talking with many banks in hopes that they will enable direct API access soon. Our pricing is upfront: https://stripe.com/en-us/financial-connections#pricing . We’ve worked with a large beta group of…
Which banks have OAuth APIs? I would love to switch to one of those instead of exposing my password due to my bank's incompetence.
I use Bunq here in the NL. I wish all banks would steal their APIs. The abilities I have as a dev are simply amazing.
Re: Stripe Financial Connections
#166Re: Stripe Financial Connections
#167Earlier quoted context omitted.
Which banks have OAuth APIs? I would love to switch to one of those instead of exposing my password due to my bank's incompetence.
I use Bunq here in the NL. I wish all banks would steal their APIs. The abilities I have as a dev are simply amazing. https://doc.bunq.com/
Bunq seems like a… suboptimal bank, though. They cost ~5x more than other NL banks, and by all accounts, their customer support is streets behind.
Their API and app-centric approach seem to be the only upshots, and even then, other banks have relatively good apps these days.
Re: Stripe Financial Connections
#168So could I use this to build a personal tool to track account balances over time?
Re: Stripe Financial Connections
#169I honestly can't believe that there's enough people dumb enough to give their bank username/password combo to strangers to make services like this work.
Nope nope nope.
As a user, I'd never use any service that is plaid based, I don't even care that "they have proper api access now". Even though I've been fan of other stripe offerings I'd never use this either. It's beyond shady.
Friends don't let friends give out their banking creds.
Re: Stripe Financial Connections
#170Does it collect your bank username and password, or work directly with banking APIs? Every time I see some service trying to do this via Plaid I cringe.
Yeah, giving out my banking authentication info is a hard nope for me & I discourage everyone I know from using or implementing anything using plaid.