I wish they would add ACH
We have it in beta. Email amber@stripe.com!
Stripe: Bitcoin Sign-up
11–20 of 198 posts
Re: Stripe: Bitcoin Sign-up
#12I wonder how this will work. Once out of beta, will it be a default option, or will it require extra steps for both the developer and the end-user? And will we be able to operate primarily in Bitcoin end-to-end, or will everything be converted to/from a preferred currency (e.g. USD) during each transaction?
Re: Stripe: Bitcoin Sign-up
#13I will stick with Bitpay, thank you very much. They are also actively researching and testing bitcoin stuff > http://bitcore.io/blog/articles/cosign-our-multisignature-wa...
I used Stripe for several months, but then they said my business is "too high a risk" for them, 7 years in business (longer than Stripe), hosting company in Ireland, very low charge-back rate, all customers more than happy, good support etc!
Since then opened a merchant account with Elavon after referal from our bank for credit cards and started using Bitpay for bitcoin, not only have lower fees (0% in case of Bitpay + 30$ a month for professional account), but also registered with Mastercard 3D Secure and Verified by Visa, which Stripe doesn't offer either.
Re: Stripe: Bitcoin Sign-up
#14I wonder how Stripe will handle customer disputes. Obviously Bitcoin doesn't have chargebacks, so will customers be out of luck if the merchant doesn't provide the services?
Re: Stripe: Bitcoin Sign-up
#15The concept that Stripe may be moving away from strictly supporting Credit Card payments (which are awful, but necessary for now) and into alternatives is so exciting to me that I am literally shaking. We're building infrastructure to make bank-to-bank transfers palatable to consumers and drive their cost toward zero, but it's only if thought leaders like the Collisons embrace the move away from CC's that the move wi…
>which are awful, but necessary for now
As a consumer or business?
Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave.
You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
Re: Stripe: Bitcoin Sign-up
#16I wonder how Stripe will handle customer disputes. Obviously Bitcoin doesn't have chargebacks, so will customers be out of luck if the merchant doesn't provide the services?
They don't. They don't handle customer disputes with CC either.
Re: Stripe: Bitcoin Sign-up
#17I will stick with Bitpay, thank you very much. They are also actively researching and testing bitcoin stuff > http://bitcore.io/blog/articles/cosign-our-multisignature-wa... I used Stripe for several months, but then they said my business is "too high a risk" for them, 7 years in business (longer than Stripe), hosting company in Ireland, very low charge-back rate, all customers more than happy, good support etc! Sinc…
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Re: Stripe: Bitcoin Sign-up
#18I will stick with Bitpay, thank you very much. They are also actively researching and testing bitcoin stuff > http://bitcore.io/blog/articles/cosign-our-multisignature-wa... I used Stripe for several months, but then they said my business is "too high a risk" for them, 7 years in business (longer than Stripe), hosting company in Ireland, very low charge-back rate, all customers more than happy, good support etc! Sinc…
Really sorry about that. Mind sending me details at anurag@stripe.com?
Re: Stripe: Bitcoin Sign-up
#19Hm...it's only March 27. Is Stripe about to jump the shark?
Edit: the reason I think it could be a JTS moment is that I associate "the addition of bitcoin" with "tired marketing stunt performed by irrelevant companies like Overstock". I could be wrong.
Re: Stripe: Bitcoin Sign-up
#20The concept that Stripe may be moving away from strictly supporting Credit Card payments (which are awful, but necessary for now) and into alternatives is so exciting to me that I am literally shaking. We're building infrastructure to make bank-to-bank transfers palatable to consumers and drive their cost toward zero, but it's only if thought leaders like the Collisons embrace the move away from CC's that the move wi…
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
Credit Card payments in person can be great - swipe and go, why not?
Online, it's 23 digits that you don't know, and then 3-23 more fields (shipping address, billing address, name, email, etc. etc.) That sucks. Even at it's best in the Stripe Checkout model, it's less than ideal and extremely unsafe - it's so unsafe that American Express is RUNNING COMMERCIALS ADVERTISING HOW UNSAFE THEIR PROCESS IS! For your convenience, let's 2.9% and $0.30 of every transaction. That's a huge drain on the margin for a business of any size, but especially someone with checkout size about 10-50 bucks and margins of 10-40%.
So to summarize - online it's bad for consumers, bad for businesses, but it's the only way right now because hell if I know my account and routing number, and if I do the business still needs 3 days to make sure I own that account. That's the problem we've solved (I believe) but it's in its nascent stages. Bitcoin could potentially lend a lot of relief there too, which is why this is so exciting.