21–30 of 133 posts
Jesus, this looks kind of like a desperate in-house hackathon product pushed live before the execs could kill it. (Props to the development team! You still need better docs though. :( )
Either way, props to em.
Yes! We'll save 0.05%! That's 500$ for every million in sales. You must have huge sales to justify a switch.
When you call, they will ask you two important things:
1. What is your current volume (if you're looking at switching from someone else)
2. What is your chargeback rate? (How often do angry customers call the credit card company to issue a chargeback against you?)
If you are growing and have increasing transaction volume, and you aren't defrauding your customers, then you can absolutely get a lower rate than you're paying now.
This is true for so many things in business - the list price means nothing!
As usual, there is no information at all on which countries that is supported, I guess this is only supported in USA. Maybe I'm the only one outside of America... Edit: Yeah, after registering, confirming my email and trying to apply for a full account, I know that it's only for America. Sigh...
https://simplify.desk.com/customer/portal/articles/1173591-s...
To play diplomat, I see a lot of Stripe loyalty / Mastercard hate already brewing here, and I think that's a bit unwarranted. Stripe has certainly earned their place as a cherished service, but I would venture to bet a lot of devs worked quite hard on Simplify as well, so it'd be nice to see discussion on the merits of the offering rather than preconceived notions of the provider. If nothing else, even if 0.05% isn't…
(I built the first version of Stripe and work here.) I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company. What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2…
To play diplomat, I see a lot of Stripe loyalty / Mastercard hate already brewing here, and I think that's a bit unwarranted. Stripe has certainly earned their place as a cherished service, but I would venture to bet a lot of devs worked quite hard on Simplify as well, so it'd be nice to see discussion on the merits of the offering rather than preconceived notions of the provider. If nothing else, even if 0.05% isn't…
(I built the first version of Stripe and work here.) I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company. What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2…
Earlier quoted context omitted.
(I built the first version of Stripe and work here.) I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company. What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2…
Two day payouts looks like a great innovation to me. :)
To play diplomat, I see a lot of Stripe loyalty / Mastercard hate already brewing here, and I think that's a bit unwarranted. Stripe has certainly earned their place as a cherished service, but I would venture to bet a lot of devs worked quite hard on Simplify as well, so it'd be nice to see discussion on the merits of the offering rather than preconceived notions of the provider. If nothing else, even if 0.05% isn't…
(I built the first version of Stripe and work here.) I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company. What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2…
Is it because of bullshit regulations everywhere? Why has it taken you forever to set up shop in a couple of places in Europe? Why not the rest too?
Seriously. What is it?
Different products entirely, I realize—but heck, Simple’s twitter handle is even @simplify.
Earlier quoted context omitted.
(I built the first version of Stripe and work here.) I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company. What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2…
PLEASE tell the world why it's so damn difficult to let non-US businesses use a payment service? We're dying to know. Is it because of bullshit regulations everywhere? Why has it taken you forever to set up shop in a couple of places in Europe? Why not the rest too? Seriously. What is it?
Complete competitor to Stripe and Balanced and Braintree.js. Just a teeny bit underneath pricing for all - 2.85% versus 2.90%.
... which is a fairly terrible percentage rate. Even a small processor should be able to get under 2%, provided you don't have a lot of fraud/chargebacks. There's a tremendous amount of froth in those rates.
The flat-rate pricing these new aggregators offer at 2.7-2.9% already builds in taking a loss on some cards by making it up on ones with cheaper interchange rates. To go below 2% flat rate and make a profit is near impossible. The only place you'll find that is somewhere like PayPal, with $100k/mo or more in volume and a negotiated contract, and they can get away with 1.9% because many of their payments are balance-funded or ACH-funded at nearly no cost.
2.2-2.5% is much more realistic and you'll still need a minimum monthly volume to get it.
Or we can all set up retail stores and abandon this e-commerce stuff. Rates are much lower when you can swipe a physical card. The real profit-taking is happening in those card readers you can pick up at Staples/BestBuy/etc from Square/PayPal/Intuit/GoCardless where they're collecting 2.7-2.9% and paying half that in interchange.