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135 new currencies at Stripe

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Re: 135 new currencies at Stripe

#91
post #82

Earlier quoted context omitted.

Could you please make a blog post about the difficulties involved in serving new countries? Obviously it's related to bullshit regulations, artificial barriers to entry and so on, but it would be lovely to know any specifics.

We've actually considered doing this. Why would you like to see it, out of curiosity? Just because it'd be interesting, or in order to better understand why we're taking so long? :-)

Both actually :)

Re: 135 new currencies at Stripe

#92

Earlier quoted context omitted.

Why not both?

Can't think of a reason. Competition is good.

I sense ambiguity. For clarity: I meant "why can't it be both that bitcoin reduces the need for Stripe and that Stripe reduces the need for bitcoin", not "why can't we have both services?". You may well have understood - your answer could be appropriate either way. Competition reducing the need for a particular offering is a big portion of the reason competition is good.

Re: 135 new currencies at Stripe

#93
post #27

Are Stripe going to expand any further into Europe in the near future? I've integrated with Stripe several times now for US-based clients and am getting severely jealous!

What countries would you like to see supported? (You can sign up in a number of European countries today: https://stripe.com/global. )

South Africa please.

Re: 135 new currencies at Stripe

#94
post #47
post #44

Earlier quoted context omitted.

Wait, so if I tell you 100 GBp, is that closer to 100 dollars or 1 dollar? Is "gbp" pence or pounds for you? The "smallest unit" of some currencies may be ambiguous (e.g. 1 BTC vs. 1 Satoshi).

100 GBP in the API =~ $1. (The motivation behind always using the smallest denomination is to dissuade people from performing floating point math.) The smallest unit is pretty clear in most "normal" currencies, but you're right that Bitcoin kinda throws things off...

> 100 GBP in the API =~ $1.

I think you mean £1.

Re: 135 new currencies at Stripe

#95
post #82

Earlier quoted context omitted.

Could you please make a blog post about the difficulties involved in serving new countries? Obviously it's related to bullshit regulations, artificial barriers to entry and so on, but it would be lovely to know any specifics.

We've actually considered doing this. Why would you like to see it, out of curiosity? Just because it'd be interesting, or in order to better understand why we're taking so long? :-)

+1 for this. I trust you're working hard on these problems, but can't fantom why it takes so long. I'm really curious about what bureaucratic mess is hidden under the hood of currencies.

Re: 135 new currencies at Stripe

#96

I guess that definitively answers my previous question[1] about whether we can charge in US dollars or Euros as a UK business, then. :-) Quick but obvious follow-ups: 1. How do we look up the currency conversion rates that were applied for each charge? There are various hints on the Stripe page about these new currencies[2] but looking at the corresponding API documentation either I'm missing something or it hasn't b…

1. The currency conversion rates can be checked by retrieving the charge's balance transaction via https://stripe.com/docs/api#retrieve_balance_transaction

2. We are working on supporting different payment methods, but have no immediate ETA on when these will be available.

Re: 135 new currencies at Stripe

#98
post #82

Earlier quoted context omitted.

Could you please make a blog post about the difficulties involved in serving new countries? Obviously it's related to bullshit regulations, artificial barriers to entry and so on, but it would be lovely to know any specifics.

We've actually considered doing this. Why would you like to see it, out of curiosity? Just because it'd be interesting, or in order to better understand why we're taking so long? :-)

> Just because it'd be interesting, or in order to better understand why we're taking so long? :-)

Both, but mostly the latter. It's been.. how many years since you started? And the whole damn world has wanted to use Stripe HOW bad? :P

.. So yeah. What's taking so long? Why aren't you everywhere already? Anywhere you go, there will be lots and lots of businesses just desperate to use Stripe, right? It would make sense for you to spread everywhere as soon as humanly possible, but you've always been strangely silent about what's keeping you from doing exactly that.

I know it all boils down to: "Because governments are making it difficult for us to start serving new countries". But I do want more details.

Re: 135 new currencies at Stripe

#99
post #96

I guess that definitively answers my previous question[1] about whether we can charge in US dollars or Euros as a UK business, then. :-) Quick but obvious follow-ups: 1. How do we look up the currency conversion rates that were applied for each charge? There are various hints on the Stripe page about these new currencies[2] but looking at the corresponding API documentation either I'm missing something or it hasn't b…

1. The currency conversion rates can be checked by retrieving the charge's balance transaction via https://stripe.com/docs/api#retrieve_balance_transaction 2. We are working on supporting different payment methods, but have no immediate ETA on when these will be available.

The currency conversion rates can be checked by retrieving the charge's balance transaction

Sorry, I'm definitely missing something then. Where in the response to that request does it show the conversion rate? I only see the amount, currency and fee information, which doesn't seem to be any different to what looking up the original charge already told me.

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