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Stripe Is the New PayPal

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Re: Stripe Is the New PayPal

#161
post #115

Stripe CEO here. I just wanted to let everyone know that I'm taking a look at what happened here. OP (disappointeddev), if you could drop me an email, that'd be great: patrick@stripe.com.

This response alone is why I will always recommend Stripe. The support may need support of its own, but knowing that you can get management's attention fairly easily says a lot of great things about the company and the people working there in my book.

Complaining on social media shouldn't be required to get management's attention. This is damage control, not that there's anything wrong with that...

Please note that I have nothing against Stripe, dealing with money looks very challenging, and these issues are probably not easy to solve/support for each and every user.

Re: Stripe Is the New PayPal

#162
post #134

Earlier quoted context omitted.

Hacker News: where some people legitimately believe that the entire world will abandon the current credit/monetary system, because reasons (or alternatively, "just because" - you know, to see 'how it works', because an entirely new monetary system is like testing on some FiveFinger shoes to be spontaneous). Also, Bitcoin is totally an invention by the Fed to ween people off fiat, despite the fact the Bitcoin network…

I'm disconnected from reality? So how do you view the global monetary system working 10 years from now? Will the world be using U.S. petro-dollars? Can the fed print off another hundred TRILLION and avoid hyper-inflation. Like it is all well and good to say I have my head up my ass but can you give me some of these answers?

Why would the world shift from a currency that is economically and politically entrenched via trade and treaty?

What would Bitcoin solve that the USD doesn't?

Why would the world accept a technological "solution" whose implementation already contains dire technical problems?

What makes you think hyperinflation is a realistic outcome?

If I grant you a world that decides fiat model is Bad, why would they choose a system that is inherently centralized? One whose early adopters and hoarders have been manipulating the crypto-currency market for their advantage for years? One whose transaction history is public to _everyone_? One that only has a handful of gatekeepers, that have been proven to work with governments and have been caught delaying transactions to profit from the change in the price in Bitcoin?

Re: Stripe Is the New PayPal

#163
Just my 2¢. I create custom web commerce solutions for a few small/medium businesses in Mexico. Ever since Stripe launched a few years ago I wanted to try them out but, as expected, they were not available yet here.

Still, I subscribed to their 'mailing list' in order to be notified whenever they would launch. Last year, I've heard that they were about to do it and eventually announced the market as 'Beta', whatever that means. Again, I subscribed to their list, this time, in order to be 'invited for their private beta'. I'm pretty sure I was at the top of their list, because back then not many people knew about stripe and further, less people from Mexico were interested with them; tbh, nowadays Stripe is something that you don't hear in the field in Mexico, at all.

To this day I haven't heard from them, and for what I see Stripe here in Mexico operates more like some kind of secret society than a real business. My point is, I'm not doing business with them, and the reason is that it is clear that they're not here to offer a payment solution for developers in general, they are just here to hang out and provide the payment backbone for a few of their friends, and that's it.

Even if I'm later deemed 'worthy of their attention', I won't integrate their payments platform with any kind of serious project that I would develop, and the reason is that they will always look at me as 'just another guy' and whenever I come up with some real problem that would need their attention they would just check out their A-list, realize that my name is not there and pretty much let me fuck up; just like it's doing it with many of the other guys that are posting here.

For the moment I'll stick with PayU which I think is, by the way, a much better payment platform than Stripe if you take out all the 'pay with a single JSON Curl' fanfare.

TL;DR: Ignoring your actual clients is the worst PR ever.

Re: Stripe Is the New PayPal

#164

The one thing that surprises me most is why banks don't provide an payment processing API for their customers. I consult at a top bank in Canada ,and I brought this issue up several times in the online banking division and was met with complete indifference. The middle management ( all PMP certified) dont have the vision and the upper management is busy coasting along. My reasoning was that the bank is already doing…

This is already something every major US and Canadian bank offers. It's called a merchant account. The API for using a merchant account on the web is called a payment gateway. They all offer them. http://www.rbcroyalbank.com/RBC:z7TrmawYUA4BRAAwmCMAAAD8/bus... http://www.tdcanadatrust.com/products-services/small-busines... http://www.scotiabank.com/ca/en/0,,557,00.html https://www.bmoharris.com/us/small-business/serv…

Actually no they don't : atleast not in the way paypal or Stripe et al do. I have had meetings with some their "small business advisors" and and I ran screaming to Stripe. Getting and using Interac device and connection was simple enough but their solution for online payment processing will set your hair on fire.

Re: Stripe Is the New PayPal

#165
post #134

Earlier quoted context omitted.

Hacker News: where some people legitimately believe that the entire world will abandon the current credit/monetary system, because reasons (or alternatively, "just because" - you know, to see 'how it works', because an entirely new monetary system is like testing on some FiveFinger shoes to be spontaneous). Also, Bitcoin is totally an invention by the Fed to ween people off fiat, despite the fact the Bitcoin network…

I'm disconnected from reality? So how do you view the global monetary system working 10 years from now? Will the world be using U.S. petro-dollars? Can the fed print off another hundred TRILLION and avoid hyper-inflation. Like it is all well and good to say I have my head up my ass but can you give me some of these answers?

I don't know, will the Fed also use Jedi Mind Tricks to mind control us into submission while flouride and chemtrails are just a red herring? News at 11!

I find it thoroughly hilarious that when someone pokes at your original assertion that "the whole monetary system is going to collapse" - a completely unsubstantiated claim that is hilarious at face value - you shriek about "well what about hyperinflation?!?!?! explain that, checkmate bro"

I could ask you "what does Bitcoin do that USD doesn't", "how will bitcoin topple an international system bound by trade and agreement to minimize risk", "what about bitcoin's obviously huge deflation problem", "what about the huge amount of flaws in bitcoin's implementation today", or - just spitballing here - "why the fuck would super hyperinflation actually happen", which was your original claim...

But why bother? It's much more easy to watch you try to justify it in weirdo ways with claims about infinite money and what amounts to bigfoot. You know, the same way people like Ron Paul robots have been doing since 1981: http://ron-paul.tumblr.com/post/25365125/i-believe-such-a-st....

The only difference now is instead of libertarians having a goldbug, they have a bitcoin bug. Or maybe Ron Paul was right and hyperinflation has actually been going on since 1981, omg?!?!

And to answer your first question: yes, techno singularity nerds are absolutely disconnected from reality if they think the magics of The Blockchain are the solution to actual economic woes, or hell, even daily financial ones for ordinary people. After all, I forgot how much I want a global network that can only do < 10 TPS, doesn't have fraud prevention, and is surprisingly non-anonymous, as well as ridiculously power inefficient. VisaNet only does close to 50,000 TPS with essentially zero downtime globally per year - why's that a big deal?

Re: Stripe Is the New PayPal

#168

-- PSA regarding Credit Card Validation -- Last year I was testing Stripe integration. I tried using my own credit card with a fake name. Surprise, it went through. I emailed Stripe support. After half a dozen emails discussing CC authorization I learned that Stripe does not and can not validate Name & Address on credit card. Stripe told me that Credit Card companies do not disclose this data to Payment Processors li…

our billing team has noticed this. Pretty crazy

It's not really crazy, it comes down to what data you have from upstream. It's not like you are swiping a card and have access to the magstripe data. With AVS it's only Amex that bothers with the cardholder's name.

Re: Stripe Is the New PayPal

#169
post #115

Stripe CEO here. I just wanted to let everyone know that I'm taking a look at what happened here. OP (disappointeddev), if you could drop me an email, that'd be great: patrick@stripe.com.

The last time Patrick posted his email[1] soliciting feedback, I emailed him but never got a response.

I'm sure being a CEO is a busy job, so I understand. And I'm sure he'll respond to OP. But keep in mind just because he posts his email publicly doesn't mean he's actually any more reachable for it.

[1]: https://news.ycombinator.com/item?id=9646672

Re: Stripe Is the New PayPal

#170
post #156
post #115

Stripe CEO here. I just wanted to let everyone know that I'm taking a look at what happened here. OP (disappointeddev), if you could drop me an email, that'd be great: patrick@stripe.com.

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