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Inside Stripe

fastcompany.com

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Re: Inside Stripe

#12

Post by gravitronic »

davecap1 wrote: post #8

I wish it worked in Canada... Any other Canadians out there wishing the same thing?

100%! I understand the ridiculous amount of red tape that is probably slowing them down, but not having a paypal alternative is brutal. Wepay is also not available in Canada last I looked.

Re: Inside Stripe

#14

Post by outside1234 »

does anyone know if there is a way to transfer credit cards from Stripe to another 3rd party if they raise their rates? (I'm worried about this being a "low introductory offer")

Or do you have to solicit credit card info from all your customers again?

Re: Inside Stripe

#15

Post by aaronblohowiak »

outside1234 wrote: post #14

does anyone know if there is a way to transfer credit cards from Stripe to another 3rd party if they raise their rates? (I'm worried about this being a "low introductory offer") Or do you have to solicit credit card info from all your customers again?

From their FAQ:

>Tell me about data portability. >That's not a question. We feel pretty strongly about data portability. We'll try to keep you with us by offering a better product than all of our competitors, but we won't keep you by locking you in. If you want to leave us for somebody else, we'll help you migrate your credit card data in a secure and PCI-compliant way. We're programmers at heart, and we strongly believe in open systems and a level playing field.

Re: Inside Stripe

#16

Post by outside1234 »

outside1234 wrote: post #14

does anyone know if there is a way to transfer credit cards from Stripe to another 3rd party if they raise their rates? (I'm worried about this being a "low introductory offer") Or do you have to solicit credit card info from all your customers again?

let me answer my own question: see https://stripe.com/help/faq and "Tell me about data portability."

Re: Inside Stripe

#18

Post by thematt »

I love Stripe and it's been awesome to use, but must repeat a question I asked in another thread. I wonder if that level of simplicity is sustainable for them going forward. The reason other payment providers have paperwork and approval processes is because of liability and the reality that there are unscrupulous merchants out there. Is Stripe assuming an increased liability because of the ease at which anybody can just sign up?

Re: Inside Stripe

#19

Post by taurussai »

AS businesses scale, is it fair to assume they would want to start accepting and storing credit card information - basically the costs would be much lower? If so how do they meet security requirements/compliance?
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