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135 new currencies at Stripe

stripe.com

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Re: 135 new currencies at Stripe

#12
post #10

Today I learned that "Gibraltar Pound", "Falkland Pound" and "Saint Helenian Pound" each count as separate currencies.

Although they are convertible one for one with the Pound Sterling. It's the same with the Isle of Mans currency the Manx pound.

This is because these are British dependencies or have a special relationship with the UK but at the same time are independent.

Re: 135 new currencies at Stripe

#13
post #8

A slap in the face to Australian users who've been waiting patiently for half a year to use USD and still can't.

(I work at Stripe.) This limitation is a large part of why we've kept Stripe in beta in Australia. We figured it's worth allowing the people who find the current product useful to do so now, but we fully agree that not being able to charge in USD is a major limitation. We're working on it as fast as we can. Unfortunately, it's not entirely in our control.

I don't understand how this is the case when younger competitors like Braintree and Pin are able to offer it.

Re: 135 new currencies at Stripe

#15
post #8

Earlier quoted context omitted.

(I work at Stripe.) This limitation is a large part of why we've kept Stripe in beta in Australia. We figured it's worth allowing the people who find the current product useful to do so now, but we fully agree that not being able to charge in USD is a major limitation. We're working on it as fast as we can. Unfortunately, it's not entirely in our control.

I don't understand how this is the case when younger competitors like Braintree and Pin are able to offer it.

Braintree was founded in 2007, Stripe in in 2010. As an Australian company, Pin may have an easier time with Australian banks and regulations than Stripe. It's real easy to assume things are a lot simpler than they are when it comes to businesses that work with money, especially across borders.

Re: 135 new currencies at Stripe

#16
post #8

Earlier quoted context omitted.

(I work at Stripe.) This limitation is a large part of why we've kept Stripe in beta in Australia. We figured it's worth allowing the people who find the current product useful to do so now, but we fully agree that not being able to charge in USD is a major limitation. We're working on it as fast as we can. Unfortunately, it's not entirely in our control.

I don't understand how this is the case when younger competitors like Braintree and Pin are able to offer it.

Both have been up and running in Australia longer than us, actually. And we want to launch multicurrency support in Australia properly: as a default part of every Stripe account with no paperwork. We could probably get a half-baked version out the door faster, but I don't think that's fair to our Australian users either.

Re: 135 new currencies at Stripe

#17
post #8

Earlier quoted context omitted.

(I work at Stripe.) This limitation is a large part of why we've kept Stripe in beta in Australia. We figured it's worth allowing the people who find the current product useful to do so now, but we fully agree that not being able to charge in USD is a major limitation. We're working on it as fast as we can. Unfortunately, it's not entirely in our control.

I don't understand how this is the case when younger competitors like Braintree and Pin are able to offer it.

Stripe is a bit younger, except Pin (which was operating in Australa first though). Pin did mention somewhere that they had a very special partnership with one of the 4 pillar banks that would have been difficult to create.

Re: 135 new currencies at Stripe

#19
post #8

Earlier quoted context omitted.

(I work at Stripe.) This limitation is a large part of why we've kept Stripe in beta in Australia. We figured it's worth allowing the people who find the current product useful to do so now, but we fully agree that not being able to charge in USD is a major limitation. We're working on it as fast as we can. Unfortunately, it's not entirely in our control.

I don't understand how this is the case when younger competitors like Braintree and Pin are able to offer it.

collision / dangrossman - sorry I had my facts wrong there.

Re: 135 new currencies at Stripe

#20
post #10

Today I learned that "Gibraltar Pound", "Falkland Pound" and "Saint Helenian Pound" each count as separate currencies.

Although they are convertible one for one with the Pound Sterling. It's the same with the Isle of Mans currency the Manx pound. This is because these are British dependencies or have a special relationship with the UK but at the same time are independent.

Note though that those pounds (I have a 5 Jersey Pound bill somewhere) are not legal tender in the UK [1].

[1] http://en.wikipedia.org/wiki/Jersey_pound

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