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Stripe Reader

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Re: Stripe Reader

#111

Post by jqmp »

posguy wrote: post #34
jackson1442 wrote: post #20

Earlier quoted context omitted.

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.

Neither Square or Toast support PIN entry, whereas a Clover (made by First Data, the largest processing platform) and Ingenico/Verifone equipment have the proper hardware to ensure physical security while they encrypt the PIN in transit back to the bank your platform uses to process the transaction. PIN Debit transactions are less expensive to process since there is less risk, but it adds complexity (First Data has m…

Square does support PIN entry: you just enter the PIN into the touchscreen of the mobile device. Square developed a way of securing the PIN that doesn't require dedicated hardware. (It's now a PCI security standard: "Software-based PIN Entry on COTS".)

Re: Stripe Reader

#112

Post by dangerboysteve »

posguy wrote: post #24

Stripe makes none of the hardware that is currently available (the BBPOS Chipper™ 2X BT or Verifone P400). Not sure which processing platform they are riding atop of these days (perhaps Tsys?) but we maintain a separate First Data account and CardConnect integration since Stripe's support for certain BINs of business cards is lacking. Said banks expect a breakdown of what was taxable to be sent along with the transac…

In Canada my wife was using https://www.helcim.com , they work with Elevon. Great service overall. We were paying an average of 1.9% for in-person chip and that was due to to all the reward cards and Amex. Interac debit (not visa debit) was 9 cents per transaction. Next day deposits as well.

Re: Stripe Reader

#114

Post by wila »

posguy wrote: post #27
toomuchtodo wrote: post #14

Earlier quoted context omitted.

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 paymen…

Gravity Payments, First Data Merchant Services (the direct sales side of First Data), Vantiv/Mercury and numerous other platforms and platform resellers (Square & Stripe resell others processing platforms) have spent the last decade driving down prices. Some wholesale contracts for certain ISO resellers are as low as 1 basis point (.01% of a transaction) and $0.01 for bank underwriting (where the bank holds the charg…

There's certainly a lot going on now.

Having previously implemented a variety of other payment providers, I am now looking at a Gravity Payment integration.

Not done yet, but so far pleasantly surprised by how they communicate with integrators.

Re: Stripe Reader

#115

Post by edwinwee »

bluewalt wrote: post #96

It's been almost 3 years Stripe Terminal has been announced and still no announcement for an actual release in Europe. As it was scheduled for the end of 2020 at the beginning, but "undefined" by now, it seems the Stripe teams encounter important difficulties. After 5 requests to support, I'm sure they don't want to communicate clearly for a deployment in Europe, and this is hence a no go to choose Stripe as a paymen…

We’re working on Europe now and Terminal will available soon! Could you email me and I can keep you in the loop? edwin@stripe.com

Re: Stripe Reader

#116

Post by herbturbo »

I'm currently implementing Stripe Terminal functionality for an iOS project using the BBPOS Chipper. Does this Stripe hardware do anything that the Chipper doesn't? Or are they simply moving away from generic looking 3rd party hardware?

Re: Stripe Reader

#117

Post by adamrezich »

toomanybeersies wrote: post #26

Looks exactly like a Square reader [1]. I wouldn't be surprised if they're from the same OEM, just with different firmware. [1] https://squareup.com/au/en/hardware/reader

I remember ordering a free one of those before I even had a smartphone, back when I only had an iPod touch! I must still have it in a drawer somewhere

Re: Stripe Reader

#118

Post by rjmunro »

jqmp wrote: post #111
posguy wrote: post #34

Earlier quoted context omitted.

Neither Square or Toast support PIN entry, whereas a Clover (made by First Data, the largest processing platform) and Ingenico/Verifone equipment have the proper hardware to ensure physical security while they encrypt the PIN in transit back to the bank your platform uses to process the transaction. PIN Debit transactions are less expensive to process since there is less risk, but it adds complexity (First Data has m…

Square does support PIN entry: you just enter the PIN into the touchscreen of the mobile device. Square developed a way of securing the PIN that doesn't require dedicated hardware. (It's now a PCI security standard: "Software-based PIN Entry on COTS".)

I'm not going to enter my PIN into someones mobile unless I have a way of verifying the app they are using is really the app it says it is. I can't see how that could possibly work.

Re: Stripe Reader

#120

Post by swiley »

rjmunro wrote: post #118
jqmp wrote: post #111

Earlier quoted context omitted.

Square does support PIN entry: you just enter the PIN into the touchscreen of the mobile device. Square developed a way of securing the PIN that doesn't require dedicated hardware. (It's now a PCI security standard: "Software-based PIN Entry on COTS".)

I'm not going to enter my PIN into someones mobile unless I have a way of verifying the app they are using is really the app it says it is. I can't see how that could possibly work.

Meh. With credit cards it's the banks problem if something goes wrong (and their fault for push a horrible authentication method.)
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