111–120 of 131 posts
Stripe charges 2.9% + $0.30 per transaction, the others mentioned have a monthly fee and then lower transaction fees. So Stripe isn't remarkably cheap.
Earlier quoted context omitted.
The difference is that Apple is providing you with tonnes of publicity and easy access through the app store, and is ensuring that your product works with all of their users. They are adding way more value than just convenient payments.
Isn't $100/year enough for the access and making sure that product works fine. For publicity, it's two way and nowhere should take 30% if there is a free market for app store.
~3%, dirt cheap?! Why are so many of you so happy to throw so much cash away to process money? I know Stripe is lovely to integrate but as a business you have to shop around. In the UK (and EU) card processing is much cheaper. Stripe is closer to 2% but if you shop around, you'll find somebody who'll offer you 0.8-0.9%, give you free terminals and no monthly contract fees. Edit for those asking: Worldpay and Handepay…
Stripe has an extensive ecosystem of services that integrates with it, literally hundreds ( https://stripe.com/works-with ). The services I need to run the back-office operations of my business including bookkeeping, invoicing, receipts, business metrics, customer support etc. all use Stripe data and APIs. Writing our own integrations, or worse, trying to poorly replicate some third party service, would be money poor…
Remember that if you use stripe subscriptions you absolutely must setup a webhook, or otherwise examine your logs every month. Why? If a customer is subscribed to a "plan", and their payment fails it is retried three days later, then five days later, then eight days later, and if all three payments fail they're quietly unsubscribed without any notification being sent to you! I have a toy project which has paying cust…
Now if only my property manager could get with the beat and take electronic payments ... I still have to bike over to their office and drop off a physical check every month because they don't take anything else.
Can you use bill pay from your bank?
And also, phone calling usually involves walking out to the street so I can get reception, yell my social security number in front of a bunch of strangers walking by, and somehow verify my account number and various transactions from my account which I can't do without going back inside, logging in from a computer and checking them, and then having the call dropped because I went inside. Or having my phone battery cop out halfway through being put on hold.
I hate phone calling. It's easier to bike to my property manager's office 12 times to drop off checks than make a single phone call to my bank to set up something that should be doable from a web page.
Earlier quoted context omitted.
But if Stripe allows Romania it most probably will be used by local companies for worldwide internet payments, so local fraud and corruption won't be affecting Stripe per se. Actually, I don't exactly understand what Stripe do to "prepare" for the launch in a country? They are expanding very gradually, and there are payment processing companies which basically blanket-cover almost whole world. For example Stripe stil…
Laws vary, and they still have to build out the infrastructure to support whatever bank they use in a given country and the laws and implementation differ dramatically. For now, adding countries that have the best combination of low fraud and least difficulty or barrier to entry is the best choice. Romania doesn't have the former relative to Germany and Austria, as such, it's not on the list.
Earlier quoted context omitted.
Can you use bill pay from your bank?
I think so, but it requires me to call them to set up, I hate calling and being put on hold. And also, phone calling usually involves walking out to the street so I can get reception, yell my social security number in front of a bunch of strangers walking by, and somehow verify my account number and various transactions from my account which I can't do without going back inside, logging in from a computer and checkin…
Earlier quoted context omitted.
No longer true. Merchants can charge CC users in the US a surcharge.
Is there a current book that you can recommend to understand this very arcane business of credit card processing?
Now if only my property manager could get with the beat and take electronic payments ... I still have to bike over to their office and drop off a physical check every month because they don't take anything else.
Remember that if you use stripe subscriptions you absolutely must setup a webhook, or otherwise examine your logs every month. Why? If a customer is subscribed to a "plan", and their payment fails it is retried three days later, then five days later, then eight days later, and if all three payments fail they're quietly unsubscribed without any notification being sent to you! I have a toy project which has paying cust…
1. The Stripe webhooks are really great but...
2. ...you've absolutely got to pay attention to them like a hawk, because Stripe views that as the primary/best way of communicating critical details with you.
It's great when you get used to it/have built up support to handle their webhooks correctly, but it can be a bit confusing/daunting to start with.