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Stripe increasing "instant payout" fees by 50%

support.stripe.com

11–20 of 109 posts

Re: Stripe increasing "instant payout" fees by 50%

#11
post #5

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.

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%

#12

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.

The title is correct. But I agree that saying "50% increase" conveys less information than saying "1% to 1.5%" (because you don't know 50% of what), and seems to have been used only to make the title more dramatic.

Re: Stripe increasing "instant payout" fees by 50%

#13

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.

Yes, it's editorialized. The actual title is "June 2024 pricing update for Instant Payouts for businesses in the United States"

Re: Stripe increasing "instant payout" fees by 50%

#14
post #11
post #5

Earlier 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 %.”

[deleted]

Re: Stripe increasing "instant payout" fees by 50%

#15
post #11
post #5

Earlier 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 %.”

20% to 70% would be quite the fee increase, but I suppose that is a way of thinking of it.

Re: Stripe increasing "instant payout" fees by 50%

#16
post #4

Why 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.

I don't think the bar for appearing on the front page of HN is "important news"

This is mildly interesting, and maybe important for a few people. That's enough.

Re: Stripe increasing "instant payout" fees by 50%

#17

If 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!

Where you'll pay fees on the chain, fees at the exchange trading for fiat, and then fees sending the fiat back to your bank so you can actually make payroll with money normal people actually use.

Re: Stripe increasing "instant payout" fees by 50%

#18
post #2

Anyone have a list of providers that use Stripe Connect?

There are going to be thousands. I've seen several small businesses in niche areas that happen to use Stripe Connect to offload all of the payments to a company's existing Stripe account.

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%

#19
post #11
post #5

Earlier 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 %.”

No, not kinda. In the example you present, if 20% increased to 70% the appropriate description is either a 250% increase or a 50pp ("percentage point"[0]) increase.

[0]: https://en.wikipedia.org/wiki/Percentage_point

Re: Stripe increasing "instant payout" fees by 50%

#20
> Navigate to the Payouts section of your Balances page > Filter by “method”

I 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.

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