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Stripe Connect v2

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Re: Stripe Connect v2

#131

Post by mstachowiak »

pc wrote: post #54
tbrooks wrote: post #50

Earlier quoted context omitted.

Seems like it would require the same amount of work to pay out $10,000 vs. $100,000. Why scale the fee? Does this apply to marketplaces/accounts migrating from Balanced? There was an assurance that Stripe would honor Balanced's pricing. https://www.balancedpayments.com/stripe/faq#will-our-pricing... If you require marketplaces to use managed accounts then it's an extra tax, no?

> Seems like it would require the same amount of work to pay out $10,000 vs. $100,000. We want our pricing to align with the best product experience, and a flat fee would encourage marketplaces to pay out less frequently. This pricing makes it easy to do daily transfers. In addition, there are actually reporting obligations and such that kick in at higher volumes, so it's not completely scale-independent. > Does this…

Thanks for the response, Patrick. We run a platform with a large average transaction value, large enough that 0.5% is very meaningful. We would love to take over the onboarding process and entire user experience, but 0.5% is too much to swallow. Braintree provides us with the same functionality and a flat $0.25 payout fee, which is a better alignment of incentives for us.

If we were to use Stripe managed accounts we would start bearing all transaction risk plus a 0.5% fee. As a result our payout frequency would decrease drastically as we'd implement a huge delay, only paying out once we were positive the transaction was risk free.

Is Stripe's preference for platforms to continue to use standalone accounts vs managed account long term? We have a strong affinity to Stripe as a fellow YC company, but struggle with this offering.

Re: Stripe Connect v2

#132

Post by brandon272 »

sorenbs wrote: post #79
collision wrote: post #27

Earlier quoted context omitted.

What's your use case? You can't use cards stored in Stripe on non-Stripe sites, if that's what you're asking.

What I was imagining is stripe issuing a credit card that my system can use to perform credit card payments on any generic webshop (either manually or some web scraper) and have that linked to a payment into my stripe account by a specific customer. I am not aware of anyone offering this service.

Why on Earth would you need to be able to do that?

Re: Stripe Connect v2

#133

Post by bkrausz »

mstachowiak wrote: post #131
pc wrote: post #54

Earlier quoted context omitted.

> Seems like it would require the same amount of work to pay out $10,000 vs. $100,000. We want our pricing to align with the best product experience, and a flat fee would encourage marketplaces to pay out less frequently. This pricing makes it easy to do daily transfers. In addition, there are actually reporting obligations and such that kick in at higher volumes, so it's not completely scale-independent. > Does this…

Thanks for the response, Patrick. We run a platform with a large average transaction value, large enough that 0.5% is very meaningful. We would love to take over the onboarding process and entire user experience, but 0.5% is too much to swallow. Braintree provides us with the same functionality and a flat $0.25 payout fee, which is a better alignment of incentives for us. If we were to use Stripe managed accounts we…

Specific to your case, if your transaction volume is very high you should contact us. We're certainly open to volume pricing depending on your specific situation, and would love to learn about how to best serve/price your specific use case. sales@stripe.com is the best contact there. bkrausz@stripe.com also works :).

More generally, international KYC and compliant payments are quite hard, and our pricing there is very competitive. Domestically we saw that many companies were already paying similar rates on our fixed-fee pricing, so we weren't actually hurting customers in the US (on the contrary, we were encouraging more frequent payouts for the same rate, which would help everyone by making a more efficient system). We felt that the benefits of consistent pricing were worth it here.

Re standalone vs. managed accounts: our preference is that we make standalone accounts such a great and easy-to-use experience that everybody starts using them, because dealing with things like information collection and tax reporting is annoying. However, we're letting our customers dictate that. If managed accounts become immensely popular, it means we haven't made standalone accounts easy enough to use, or we've made an incorrect assumption about the world (likely a combination of both). Regardless, we intend to support managed accounts for a very long time, and have already had them around in some less-built-out form for quite a while.

Re: Stripe Connect v2

#134

Post by vacri »

nknighthb wrote: post #106
radicalbyte wrote: post #99

Earlier quoted context omitted.

> flags are placed on top of the background and need an alpha channel Ok, that explains the huge PNGs; can't they be rendered as-is (i.e. include part of the background in the foreground picture? > first paint is still under 3s That's really slow. The jankey animation (yay Apple) and rasterized image rendering is horrible; it's a throwback to the late-90s internet. > the audience for this page is 90% software develop…

I'm on a late-2013 rMBP running Yosemite. The page looks nice and animates smoothly in both Chrome and Safari. There may be some deeper problem on your system.

The page looks beautiful, but the animation is janky on my FF36

Re: Stripe Connect v2

#135

Post by bkrausz »

colemorrison wrote: post #118

So the blog post on connect says "Managed Accounts" are available to anywhere that stripe is supported. However, on the docs, it says that it can only be used in the US and Canada. Which one is it?

You can create managed accounts anywhere Stripe is, but your platform needs to be in the U.S. or Canada. Sorry if that wasn't clear.

Re: Stripe Connect v2

#136

Post by wmboy »

> ...our platform can support sellers anywhere Stripe operates (18 countries, more coming this year).

Asking from New Zealand, any hints on the "more coming this year" countries?

Re: Stripe Connect v2

#137

Post by bemmu »

Xixi wrote: post #121

Does anyone know if Stripe have plans -in the rather short term- to come to Asia? Japan, or maybe Singapore? I know this question always comes up so it must be getting obnoxious, and I apologize for asking it yet again, but it's a testimony to how great Stripe is. I'd go further: I think it is a competitive advantage for a startup to be in a country supported by Stripe vs others. I have a Japanese tea subscription se…

Cool service, how many subscribers are you at now?

Re: Stripe Connect v2

#138

Post by adyus »

brandon272 wrote: post #132
sorenbs wrote: post #79

Earlier quoted context omitted.

What I was imagining is stripe issuing a credit card that my system can use to perform credit card payments on any generic webshop (either manually or some web scraper) and have that linked to a payment into my stripe account by a specific customer. I am not aware of anyone offering this service.

Why on Earth would you need to be able to do that?

Sounds like an extra layer of card fraud protection might be a use case.

Automating some shopping cases might be another.

Re: Stripe Connect v2

#139

Post by tracker1 »

ricardobeat wrote: post #90
radicalbyte wrote: post #84

Earlier quoted context omitted.

I recommend you look at image optimization. Loading the /nl flag page from NL takes > 9 seconds. On a connection with 20Mb/s down with one of the best ISPs available. There are 3MB of images on the page; the problem seems to be the high-res map, which weights in at 1.5MB. This image is 2290x798 and it's in an element of 1145x399. I've halved the resolution and converted it to a JPEG, now it's 0.2MB. To make it even e…

You are talking about the home page, right? Images are double size for retina displays. Your JPEG version is pointless, the flags are placed on top of the background and need an alpha channel. The page is indeed a bit heavy but not enough to impair the experience, first paint is still under 3s. Remember the audience for this page is 90% software developers, with powerful machines and high bandwidth.

I tend to use a combination on pngquant and optipng on most png based graphics. I'm sure there are builds for OSX out there (probably homebrew recipes even).

This will bring the color palette down to less than 256, some images will work better than others, in this case I didn't notice a difference and the size went from 434KB to 133KB in size using the batch file I normally use for this[1]... I haven't checked recently to see if there are newer tools/versions for use, I keep several utils inside my dropbox for windows usage.

[1] https://gist.github.com/tracker1/e41d6b7dc55f962d85a3

Re: Stripe Connect v2

#140

Post by colemorrison »

bkrausz wrote: post #135
colemorrison wrote: post #118

So the blog post on connect says "Managed Accounts" are available to anywhere that stripe is supported. However, on the docs, it says that it can only be used in the US and Canada. Which one is it?

You can create managed accounts anywhere Stripe is, but your platform needs to be in the U.S. or Canada. Sorry if that wasn't clear.

OHHH! That makes SO much more sense. Okay, yeah you guys should clarify that, that's a huge selling point. Thanks for the response.
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