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Stripe Is the New PayPal

news.ycombinator.com

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Re: Stripe Is the New PayPal

#201

Post by AC__ »

thoughtpolice wrote: post #165
AC__ wrote: post #134

Earlier quoted context omitted.

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?!?!?! expl…

"Some studies suggested that even slightly increased fluoride exposure could be toxic to the brain. Thus, children in high-fluoride areas had significantly lower IQ scores than those who lived in low-fluoride areas. " - http://www.hsph.harvard.edu/news/features/fluoride-childrens...

Sorry to burst your bubble brother, if you don't think solar radiation management("chemtrails") is happening you're wrong again. https://www.youtube.com/watch?v=a4s1qNJpko8

Now as for inflation..well I don't think there's much of a conspiracy there.

Re: Stripe Is the New PayPal

#202

Post by gharial »

onewaystreet wrote: post #99
gharial wrote: post #56

I recently reached out to Stripe to get their opinion on whether or not I should bother trying to integrate stripe.js with my browser based game. I obviously didn't want to invest the effort if they were just going to shut me down a few weeks later. It says in their TOU that virtual currency sales are allowed so long as it's self contained and can't be traded for real money or across other websites - that was the cas…

They do in their TOS.

https://stripe.com/us/prohibited-businesses

>Video game or virtual world credits: Sale of in-game currency unless the merchant is the operator of the virtual world

I am.

>Virtual currency or stored value: Virtual currency that can be monetized, resold, or converted to physical or digital products and services or otherwise exit the virtual world (e.g., Bitcoin); sale of stored value or credits maintained, accepted and issued by anyone other than the seller

It can't and isn't.

Their TOS actually makes no mention of virtual currency whatsoever.

Re: Stripe Is the New PayPal

#203

Post by task_queue »

onetallnerd wrote: post #187
task_queue wrote: post #131

Earlier quoted context omitted.

I want to live in the world where only 7 transaction can occur a second.

Nope. At least soon that won't be the case. (soon as in a few months maybe a year) Check out the lightning network: http://techcrunch.com/2015/06/13/down-the-blockchain-rabbit-... "In theory, this distributed micropayment network–the Lightning Network–could scale Bitcoin transactions up to “billions of transactions per day” across the planet, with minimal use of the blockchain and minimal fees (zero, for direct chann…

It's a new protocol that needs to be accepted on top of the blockchain with its own 3rd party sidechain, just like all the other proposed solutions that were never accepted by the community. Cool.

Meanwhile, Bitcoin is still 7 TPS.

Re: Stripe Is the New PayPal

#204

Post by jeffmould »

pc wrote: post #191
ad_hominem wrote: post #169

Earlier quoted context omitted.

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

Hm, I never received anything! Can you send it again? (Two of us from Stripe, myself included, have already been in contact with disappointeddev.)

Not sure if this is the case for you all or not, but several years ago I was consulting for a company who was having serious support issues similar to this where random customers swore they were sending support requests via email, yet the company wasn't receiving them. Because it was working properly for some and not others we didn't think it was an issue on the company side of things. In the end though it was overly strict spam filter setting was just junking emails randomly. I bring this up because there does seem to be a common trend occurring lately where people are saying they sent emails and you all are saying you didn't receive or are not seeing them.

Re: Stripe Is the New PayPal

#205

Post by jusben1369 »

Aloha wrote: post #145
jusben1369 wrote: post #118

Earlier quoted context omitted.

Yep. But even then you don't "pay" that fee (it's deducted and you get the net) and you don't have a set monthly fee. So there's no hard cost of setting up and maintaining a site with them.

No MRC (monthly reoccurring charge) on a service does not make it free, you're still paying for the service in a pay-per-use context.

Yep but you're getting a little hung up on definitions and missing the larger point. Ie by proving that it's not a freemium model you're not really negating the central point which is that the barrier to entry is substantially lower (non existent) than with any/other competing services thus drawing in exponentially more users than similar services resulting in a disproportionate strain on their customer support vs others.

Re: Stripe Is the New PayPal

#206

Post by thoughtpolice »

AC__ wrote: post #201
thoughtpolice wrote: post #165

Earlier quoted context omitted.

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?!?!?! expl…

"Some studies suggested that even slightly increased fluoride exposure could be toxic to the brain. Thus, children in high-fluoride areas had significantly lower IQ scores than those who lived in low-fluoride areas. " - http://www.hsph.harvard.edu/news/features/fluoride-childrens... Sorry to burst your bubble brother, if you don't think solar radiation management("chemtrails") is happening you're wrong again. https:/…

https://www.metabunk.org/dr-kirkby-2009-cern-presentation.t5... whoa man, it's almost like you can use google! BTW, Harold Saive is a well known chemtrail conspiracy theorist who has outright lied on several occasions before. He surely doesn't have anything to gain from misrepresenting a scientists results, does he? https://www.metabunk.org/outrageously-fake-chemtrails-video....

As for the Harvard results, the results aren't as important - it was meant as the joke that "The government is doing it to control us". You know - the conspiracy theory, just like all the other ones, which if you wanted to counter my claim (which wasn't even the point for fucks sake), you would need evidence of. As opposed to some chemicals having unintended side effects, which is possible (and happens).

I like how you also conveniently ignored the rest of my post, and didn't actually explain your point about inflation. Instead, you just said "well, it's obvious bro". How explanatory!

I'll take that as an indication you don't know what you're talking about. Thanks for playing!

Re: Stripe Is the New PayPal

#207

Post by Danski0 »

mattfrommars wrote: post #98
Danski0 wrote: post #60

After using Stripe for our subscription service for over 1year with 100'000euro+ monthly transcation we got a 10day notice that they would shut us down. Also the mail was send late on friday before a long weekend, yeah! =) No warnings, no chance to appeal, no heads up and absolutly no possiblity to call them. Lost around half a million euros before we could get our customers exported to another payment processor. Tha…

off topic but can you link me the business/company you are involved in?

It was a SaaS subscription with mostly companies as customers. We didn't brake any ToS, Stripe refered to a high chargeback rate (1-2%) and that was it. Something about SaaS being high risk and getting close to 2% chargeback could loose Stripe their contracts with MC/VISA. In reality no fucking risk as we had a 100% refund policy, no questions asked, no time limit.

Re: Stripe Is the New PayPal

#208

Post by AC__ »

AC__ wrote: post #201
thoughtpolice wrote: post #165

Earlier quoted context omitted.

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?!?!?! expl…

"Some studies suggested that even slightly increased fluoride exposure could be toxic to the brain. Thus, children in high-fluoride areas had significantly lower IQ scores than those who lived in low-fluoride areas. " - http://www.hsph.harvard.edu/news/features/fluoride-childrens... Sorry to burst your bubble brother, if you don't think solar radiation management("chemtrails") is happening you're wrong again. https:/…

Stop changing your post so I can reply lol! That Harvard study is a meta-analysis of seperate 27 studies conducted independently around the world hahaha, perhaps you reside in an area with high fluoridation. I'm not even going to acknowledge a link to metabunk... In closing there are 2 types of people in the world - those who know 2 Boeing 767's can't implode 3 buildings and those that don't.

Re: Stripe Is the New PayPal

#209

Post by AC__ »

thoughtpolice wrote: post #206
AC__ wrote: post #201

Earlier quoted context omitted.

"Some studies suggested that even slightly increased fluoride exposure could be toxic to the brain. Thus, children in high-fluoride areas had significantly lower IQ scores than those who lived in low-fluoride areas. " - http://www.hsph.harvard.edu/news/features/fluoride-childrens... Sorry to burst your bubble brother, if you don't think solar radiation management("chemtrails") is happening you're wrong again. https:/…

https://www.metabunk.org/dr-kirkby-2009-cern-presentation.t5... whoa man, it's almost like you can use google! BTW, Harold Saive is a well known chemtrail conspiracy theorist who has outright lied on several occasions before. He surely doesn't have anything to gain from misrepresenting a scientists results, does he? https://www.metabunk.org/outrageously-fake-chemtrails-video.... As for the Harvard results, the result…

The iterative approach to commenting lol. I think we will have to agree to disagree on pretty much everything.

Re: Stripe Is the New PayPal

#210

Post by hahamrfunnyguy »

dangrossman wrote: post #150
jly wrote: post #123

Earlier quoted context omitted.

Other payment processors that do not use a 'freemium' model charge less for their processing fees (and varying rates across cards). The reason it seems freemium for Stripe and other competitors is that they charge higher processing fees for the convenience than other traditional processors do.

It's a nice spread too. They take a 2.9% fee for charging a debit/check card, but pay Visa as little as 0.05% + $0.21.

Which service are you using?
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