The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
That is what a 50% increase means.
Stripe increasing "instant payout" fees by 50%
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Re: Stripe increasing "instant payout" fees by 50%
#12The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
Re: Stripe increasing "instant payout" fees by 50%
#13The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
Re: Stripe increasing "instant payout" fees by 50%
#14Earlier quoted context omitted.
That is what a 50% increase means.
Kinda. To the degree that the object of increase is also a percentage the statement “increasing X (where x is quantified as a pct) by Y %” could mean that X of 20% is increased to 70% or to 30%. It would be more clear to state “ X increases from Y % to Z %.”
Re: Stripe increasing "instant payout" fees by 50%
#15Earlier quoted context omitted.
That is what a 50% increase means.
Kinda. To the degree that the object of increase is also a percentage the statement “increasing X (where x is quantified as a pct) by Y %” could mean that X of 20% is increased to 70% or to 30%. It would be more clear to state “ X increases from Y % to Z %.”
Re: Stripe increasing "instant payout" fees by 50%
#16Why is this such an important news? Do people regularly use instant pay out? I would think that it's mostly for emergency situations. Normal payout is still free.
This is mildly interesting, and maybe important for a few people. That's enough.
Re: Stripe increasing "instant payout" fees by 50%
#17If I remember correctly, payouts always take two or three days to clear, to comply with all of the settlement and legal processes. The “instant payout” is actually a temporary loan from an entity already approved as having all funds available for immediate disposal at multiple links in the chain. This is then used to create the illusion of an instant payout… while the “loan” guarantor receives payment 2-3 days later.…
Sounds like a blockchain startup in the making!
Re: Stripe increasing "instant payout" fees by 50%
#18Anyone have a list of providers that use Stripe Connect?
All companies taking funds via Stripe Connect will know they are doing so via Stripe, so I don't think a list of Connect providers would help here.
Re: Stripe increasing "instant payout" fees by 50%
#19Earlier quoted context omitted.
That is what a 50% increase means.
Kinda. To the degree that the object of increase is also a percentage the statement “increasing X (where x is quantified as a pct) by Y %” could mean that X of 20% is increased to 70% or to 30%. It would be more clear to state “ X increases from Y % to Z %.”
Re: Stripe increasing "instant payout" fees by 50%
#20I have no "method" filter on that page, only "date", "amount" and "status". Also they talk about 2 business days payments as default but in the settings you can only choose between automatic every day / week / month.
Since the instant payout is kind of a loan and you have to request it, pretty sure it doesn't affect me but it's all very confusing.