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

Inside Stripe

fastcompany.com

Post reply on HN
Print view View original

51–60 of 80 posts

Re: Inside Stripe

#51

Post by jonah »

djtriptych wrote: post #26

Hehe 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...

The 'phones ont the desk behind the Embody appear to be Sennheiser HD 202.

http://www.sennheiser.com/sennheiser/home_en.nsf/root/privat...

Re: Inside Stripe

#52

Post by EREFUNDO »

scott_s wrote: post #48
davidpoarch wrote: post #46

Earlier quoted context omitted.

You are absolutely correct. That's one of PayPal's main weaknesses. I am not sure how Stripe is dealing with it; though they probably have to go through a similar screening process, which isn't foolproof. I am a co-founder of a nascent third party payments aggregator (TPPA) called PayGuard (currently in stealth mode - Beta version is being built), and our system inherently includes automatic fraud prevention; so we n…

our system inherently includes automatic fraud prevention If you're willing to share more, I'm listening. PayPal has "automatic fraud prevention" in the sense that, if you do something that deviates from what they expect, they suspend your account. I assume you mean something different. Also, I followed the Quora question to this related one: http://www.quora.com/How-are-Square-and-Stripe-able-to-accep... I'm still c…

No we won't freeze, close, or withdraw money from people's accounts. Once it's open, it's open. Once the money is cleared, it doesn't go back. This is an ironclad promise we can make to users because of the unique way we process payments. Right now the model for peer-to-peer transactions is that after one party gets paid the other waits for his merchandise or services to be delivered (eWork projects). We solved this problem by creating a system that will give equal distribution of control to both parties during the entire process, disincentivising fraud on both sides. The system is specifically designed for people who outsource projects, freelance workers, and cross border peer-to-peer e-commerce. It would simulate the benefits of a face-to-face interaction by solving the problems created by the distance and time usually involved in these types of exchanges.

Re: Inside Stripe

#53

Post by dedene »

If only they would come to Europe (or any European alternative would rise and stand up against Paypal).

They're an amazing and promising startup and I do hope they succeed soon in expanding across the ocean.

Re: Inside Stripe

#54

Post by pc »

jonah wrote: post #51
djtriptych wrote: post #26

Hehe 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...

The 'phones ont the desk behind the Embody appear to be Sennheiser HD 202. http://www.sennheiser.com/sennheiser/home_en.nsf/root/privat...

They're actually just Bose QC15s.

Re: Inside Stripe

#55

Post by pc »

whyleyc wrote: post #49

Can any of the Stripe team comment on when you'll be launching support for UK businesses ?

Sorry, we can't give a timeline. I wish we could.

Re: Inside Stripe

#56

Post by pc »

dedene wrote: post #53

If only they would come to Europe (or any European alternative would rise and stand up against Paypal). They're an amazing and promising startup and I do hope they succeed soon in expanding across the ocean.

We're working on doing exactly this.

Re: Inside Stripe

#57

Post by porterhaney »

9999 wrote: post #44
plusbryan wrote: post #33

Micropayments support would be wonderful

I think it's essential for their success too. I can't use them without micropayment support.

I'll second this notion. Even if there is a way to collect micropayments, but not process them until they are large enough to process efficiently with the current credit card framework.

Re: Inside Stripe

#58

Post by rosstamicah »

Here's how my startup ended up using Stripe: After being told by Paypal I couldnt use Paypal at all (due to my business model being a violation of their Acceptable Use Policy) and then more recently Braintree telling me I could only process low number transactions (less than $250), Im happy to say that http://www.sponsorist.com now processes payments with Stripe.

Re: Inside Stripe

#59

Post by rogerbinns »

kenrik wrote: post #21

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.

On reading the article you would note in the second paragraph that two of the backers are Paypal cofounders. That would lead us to expect Stripe do have a big clue about the fraud issues.

It will only be later that we'll find out what happens behind the scenes. For example Paypal works wonderfully right up until they decide to hold your funds while they investigate. Stripe will probably end up doing something similar and also have similar collateral damage (false positives).

The Stripe FAQ includes a chargeback section which would cover the other likely scenario - people claiming not to have received the item/never made the transaction/it wasn't what they ordered etc.

Re: Inside Stripe

#60

Post by erohead »

waterside81 wrote: post #31
davecap1 wrote: post #8

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

You should look into Moneris (RBC+BMO venture). Sane API, good support, decent fee structure. http://www.moneris.com/

Moneris is a huge pain and hassle for a small tech business.
Post reply on HN