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Stripe Reader

stripe.com

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Re: Stripe Reader

#11

Is it my imagination, or do the offerings from Square and Stripe continue to converge?

(I work at Stripe.) The offerings are meant for different use-cases. Stripe Terminal’s great for developers looking to deploy in-person payments at tech-forward companies. Square’s great for coffee shops and other SMBs!

[deleted]

Re: Stripe Reader

#12

Is it my imagination, or do the offerings from Square and Stripe continue to converge?

(I work at Stripe.) The offerings are meant for different use-cases. Stripe Terminal’s great for developers looking to deploy in-person payments at tech-forward companies. Square’s great for coffee shops and other SMBs!

What's stopping from coffee shops and SMBs from using Stripe? Why shouldn't they?

Re: Stripe Reader

#14
post #9

Is it my imagination, or do the offerings from Square and Stripe continue to converge?

It shouldn’t be surprising. That’s how you steal customers.

I’m not in the payment space, but it seems like it’s rapidly commodifying. The hardware to support mag stripe, contactless, and EMV isn’t terribly expensive per unit, and as long as there’s some bare minimum functionality, the competitive edge is the processing cost.

This seems less about stealing customers and more about keeping Stripe attractive to existing customers who might be continually evaluating other payment providers and their hardware offerings.

Long term, we likely end up like China with WeChat and Alipay, using apps and QR codes primarily for payments eventually. Venmo and PayPal support C2C and C2B payments with QR codes, Zelle is beta testing them currently.

https://www.paymentsjournal.com/how-wechat-alipay-networks-m...

Re: Stripe Reader

#15

Earlier quoted context omitted.

(I work at Stripe.) The offerings are meant for different use-cases. Stripe Terminal’s great for developers looking to deploy in-person payments at tech-forward companies. Square’s great for coffee shops and other SMBs!

What's stopping from coffee shops and SMBs from using Stripe? Why shouldn't they?

>great for developers

I'm guessing this means that the setup process of stripe terminal isn't to the point where a non-developer can plug it in and go. Square is great because anybody competent enough to install an app on their phone can use it

Re: Stripe Reader

#16

Is it my imagination, or do the offerings from Square and Stripe continue to converge?

(I work at Stripe.) The offerings are meant for different use-cases. Stripe Terminal’s great for developers looking to deploy in-person payments at tech-forward companies. Square’s great for coffee shops and other SMBs!

More like Stripe is helping developers create the next Shopify :)

The true lesson here is that the bulk of value can be found at the point of the transaction.

Re: Stripe Reader

#17

Is it my imagination, or do the offerings from Square and Stripe continue to converge?

Surprisingly they have not encroached much on each other’s business, particularly Square moving very slowly into card-not-present.

Re: Stripe Reader

#18

Earlier quoted context omitted.

(I work at Stripe.) The offerings are meant for different use-cases. Stripe Terminal’s great for developers looking to deploy in-person payments at tech-forward companies. Square’s great for coffee shops and other SMBs!

What's stopping from coffee shops and SMBs from using Stripe? Why shouldn't they?

The whole point of sale system.

Re: Stripe Reader

#19
How do you enter a PIN code? i.e. Wholefoods accepts contactless payments and then guess what...you need a PIN code.

I guess an app somewhere (like on a phone or iPad) needs to be handed over to you to do that...? I really dislike PIN code backed payments, the whole touchless/contactless experience should be as fast as paying for the "tube" in London with an Oyster IMHO

Re: Stripe Reader

#20

How do you enter a PIN code? i.e. Wholefoods accepts contactless payments and then guess what...you need a PIN code. I guess an app somewhere (like on a phone or iPad) needs to be handed over to you to do that...? I really dislike PIN code backed payments, the whole touchless/contactless experience should be as fast as paying for the "tube" in London with an Oyster IMHO

Generally mobile/web based payments don’t require PIN. I’ve never been prompted on a Square or Toast machine— only place I’ve ever been asked is on a traditional PINpad and Clover machines.
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