Live data from Hacker News

Stripe: Bitcoin Sign-up

stripe.com

21–30 of 198 posts

Re: Stripe: Bitcoin Sign-up

#22
Pow! Add me to the list of people foaming at the mouth for this. I'm refreshing my email every minute in anticipation of seeing their API.

Now, under one provider, we can easily accept CC and BTC. This is great news for consumers because it means coinbase and stripe are now in head-to-head competition. These are both well funded startups with great usability. Bring on the feature war and lower transaction fees!

This is most exciting because this will enable great micropayment support on stripe, enabling a whole new breed of marketplace. Also, it is now easy to offer paid anonymous consumption of an API. This is a whole new world of opportunity!

Re: Stripe: Bitcoin Sign-up

#24
post #4

The 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".

I am not sure what is exactly that awful in having free credit for X days, rewards for making purchases (which effectively cancels fees) and, the most important thing, chargebacks.

I can understand Credit Card issues from seller point of view, but for clients (that is most of us), they are not that bad.

Bitcoin will have to provide the same level of consumer comfort and safety to have wider adoption.

This also touches banking system as a whole. If I make an error in my bank transfer, I will get my money back and this is up to bank to return them, I don't have to worry about this. Who will give me back my bitcoin payment done by mistake?

Re: Stripe: Bitcoin Sign-up

#25
post #4

The 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.

If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?

Re: Stripe: Bitcoin Sign-up

#29
post #25

Earlier quoted context omitted.

> 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.

If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?

Not if the value of Bitcoin continues to fluctuate. How am I supposed to know if I can afford the cup of coffee without checking an exchange value?

Re: Stripe: Bitcoin Sign-up

#30

Earlier quoted context omitted.

> 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 conveni…

I let my password manager handle the multiple fields required, although it's still not the best solution ever.

What are these commercials that AmEx is running? I assume they're presenting it as "convenient" rather than "unsafe" but it's obvious enough if you know what's going on?

Post reply on HN