If you read about the early founding of PayPal you will find one of the big issues they faced was fraud. I hope they give that angle enough thought otherwise they are going to start leaking cash like the Costa Concordia took on water.
Inside Stripe
21–30 of 80 posts
Re: Inside Stripe
#22Great product! Looking forward to trying it out very soon. Anyone know the ergo keyboard being used?
On the same topic, does anyone know the display arms they're using in that last picture? The mechanical thing holding up the Apple LCD Displays.
Re: Inside Stripe
#23Re: Inside Stripe
#24Stripe looks so awesome that it's got me thinking about charging for things that I might not have bothered charging for in the past. I think that's one of the unseen benefits. I'm looking forward to using Stripe.
Re: Inside Stripe
#25[deleted]
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Re: Inside Stripe
#26Hehe the desk shown there is exactly the same setup at http://stripe.com/jobs page. And yet none of the other workstations come with $1500 Herman Miller Embodys...
I can also identify a pair of grados in the far right. Aging SR60s if I had to guess...
Re: Inside Stripe
#27I have always attributed PayPal's problems to having to perform fraud prevention on a massive scale. That's where I understand most of the initial difficulty comes from in getting a PayPal account setup: they have to weed out scams and money laundering. Same with the horror stories I read: most of those people have circumstances that would also preclude them from a standard merchant account.
So is Stripe doing fraud prevention differently? Put another way, are they an entirely different animal from PayPal and Google Checkout, or are they betting that they can do a better job at what PayPal and Google Checkout already do?
Re: Inside Stripe
#28I 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 j…
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Re: Inside Stripe
#29I 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 j…
We think a lot about risk, and actually do more verification than traditional merchant-account providers. We just don't make you do busywork like mailing us a voided check or a utility bill.
We certainly believe that the approach is sustainable, and the data so far strongly supports this.
Re: Inside Stripe
#30Seems like a great service. Thanks for the article.
How does Stripe line up in terms of services compared to GoCardless which was up here the other day: https://gocardless.com/
Differences in the agreement / metrics / UI / API? Seems like the 1.9% fee difference could add up.