What actually prevents Stripe from just being international?
Different regulatory requirements and banking systems. For example Stripe still only has support for sending funds to third-party bank bank accounts for US users and US bank accounts.
Stripe launches in Australia
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Re: Stripe launches in Australia
#42What actually prevents Stripe from just being international?
> What actually prevents Stripe from just being international?
The need to partner with a local bank to provide merchant services/accounts. i.e. Pin Payments partners with NAB in Australia, with NAB setting up an "invisible to the user" merchant account. It's part of their model - you just deal with them, not the bank, not anybody else.
Re: Stripe launches in Australia
#43Earlier quoted context omitted.
What would be an example of a traditional rate with other merchants in Australia?
eWay is $49/setup + 2.9% + 30c per transaction at the low end ( http://www.eway.com.au/pricing/popular-plans ), which is their closest option to Stripe. Now, trying to read their API docs is another thing entirely: they give you a PDF with a couple of examples and that's it - http://www.eway.com.au/docs/api-documentation/token-payments... PayPal Express Checkout starts at 2.4% + 30c (across all trans). One might use…
It's completely anecdotal, but we've used eWay for the past 2 years. They've been slightly cheaper than the alternatives and pleasant to deal with for the most part, but any technical interaction has been incredibly painful. The dashboard is a pain to use, and they generally seem oblivious to trends in payment gateways.
In addition, two months ago we were unable to process payments for a period of a few hours due to an SSL error on their secure payments API. Any customer not using a hosted payment page was affected. From what has been communicated to me it was an issue with their CDN provider, but I'm still waiting on the full details. I understand things happen, but a lack of communication from someone who processes your payments is really frustrating.
On the other hand, Stripe have been really nice to deal with, and integration has been a breeze. Things might change once we put it into production, but I'd be surprised if they got worse.
Re: Stripe launches in Australia
#44I wonder if Stripe is planning to launch in New Zealand any time soon - it's very close to Australia :) I'm really keen to stop relying on Paypal for accepting payments.
We are working on New Zealand, but don't have an immediate ETA for an New Zealand beta. Sign up at https://stripe.com/global to be notified when we launch
Please, please come to NZ. We are stuck in an awful monopoly of Payment Express and overpriced merchant accounts.
Re: Stripe launches in Australia
#45Earlier quoted context omitted.
I guess they just mean a superannuation plan.
Which is a statutory requirement. So not a big surprise, really. I wonder if an open vacation policy is legal too.
As long as a full time worker is allowed to take their four weeks of annual leave, then it should be fine.
'Open vacation policy' sounds like there's no maximum, so should be no problem.
Re: Stripe launches in Australia
#46For anyone from Stripe reading this, having a '401k' plan for Australia makes no sense, but is listed on the AU hiring page.
(I work at Stripe.)
Don't worry, the benefits box just isn't localized (yet). We have a draft of a new jobs page we're working on, but figured we should prioritize launching products over it :).
Re: Stripe launches in Australia
#47I wonder if Stripe is planning to launch in New Zealand any time soon - it's very close to Australia :) I'm really keen to stop relying on Paypal for accepting payments.
We are working on New Zealand, but don't have an immediate ETA for an New Zealand beta. Sign up at https://stripe.com/global to be notified when we launch
YES, please! Stripe in NZ would be amazing. Email is in my profile if you need someone to pre-beta test.
Re: Stripe launches in Australia
#48Re: Stripe launches in Australia
#49Re: Stripe launches in Australia
#50Nice work peeps! Definitely needed for Australia.
Yep, amazingly during BETA a major competitor dropped its monthly fee ;).
Going to be tough for that competitor to survive if they don't pivot from a 'Stripe-clone'. Hope they're well funded and well backed.
You need to do a huge volume of transactions to be able to live off 2.6% + 30c, close to two million a month to support a startup with 5 fully loaded employees including the founders.
Working with a lot of Ecommerce sites I know a well established one (attached to 3 bricks and mortar stores) does on average $16k a month. Say on average an Online store is doing 10k/month you're looking at 200 clients to keep the payment processor afloat. Doable but you'd want them to have some runway otherwise people are gonna go with Stripe to know they've got a payment gateway that's not gonna disappear