Earlier quoted context omitted.
My parents, which represent an average person nowadays, do know how to put card data into a site to pay something. What they don't know is how to pay with crypto, even more- for them cryptocoins= automatic scam. Web3 can be a nieche solution for some nieche ppl, but I don't see how it can become mainstream now, as a business you anyway need a classic payment processor bc too few ppl know what is crypto and how to use…
You don’t have to get the whole world, just people who have crypto — which is millions of people!
Stripe is no longer a suitable payment processor
131–140 of 145 posts
Re: Stripe is no longer a suitable payment processor
#132Stripe is a nightmare and I found support to be awful and not know their own product. We are a UK company but now have clients worldwide and worldwide bank accounts (thanks to Wise). So many people in the US can't pay via ACH Transfer (we can't do debit without a US entity... looking in to options and setting up a LLC now), so, we need to be able to accept credit card. I thought I had a nice workaround by having USD…
> I thought I had a nice workaround by having USD to my USD account and only paying standard (high) fees, but, they now charge me a surcharge for this despite no Forex fees needed, and worse, the fees always link to the wrong transactions so I can't even reconcile properly. I assume you are talking about this, perhaps: https://stripe.com/docs/payouts/alternative-currencies It's a bit confusing as it seems to say ther…
Is it possible you hadn't yet set up a CAD bank account on your Stripe account before starting to accept CAD payments?
Re: Stripe is no longer a suitable payment processor
#133Stripe is a nightmare and I found support to be awful and not know their own product. We are a UK company but now have clients worldwide and worldwide bank accounts (thanks to Wise). So many people in the US can't pay via ACH Transfer (we can't do debit without a US entity... looking in to options and setting up a LLC now), so, we need to be able to accept credit card. I thought I had a nice workaround by having USD…
> I thought I had a nice workaround by having USD to my USD account and only paying standard (high) fees, but, they now charge me a surcharge for this despite no Forex fees needed, and worse, the fees always link to the wrong transactions so I can't even reconcile properly. I assume you are talking about this, perhaps: https://stripe.com/docs/payouts/alternative-currencies It's a bit confusing as it seems to say ther…
Is it possible you hadn't yet registered your CAD bank account on your Stripe account before starting to accept CAD payments?
Re: Stripe is no longer a suitable payment processor
#134Amen. Been saying this for years! Currently moving one large and one small business off Stripe for these exact reasons.
What are you using instead? My company is considering Stripe and I’m interested in alternatives.
Good luck getting a hold of anyone at Stripe. Even when you do, you'll get a different support agent replying to each message, which means there is no continuity or context.
Also, they reach out to me if they notice any unusual activity on my client's gateways, rather than just block the entire account and wait for me to notice.
Re: Stripe is no longer a suitable payment processor
#135Earlier quoted context omitted.
The knives argument holds no water. I think Stripe would be in the right regarding NSFW content as it relates to their TOS (maybe at fault for using outdated info and not communicating with you so you didn’t have to find out this reason on HN).
Knives argument was correct in the fact that stripe should decide to punish businesses for the production of user generated content that they cannot prevent. putting restrictions on it will not work, ask sam altman how restricting GPT4 is going, you cannot beat the people at censoring your technologies, so penalizing the business for something out of their control is stupid.. and as for the stripe being in the right,…
Re: Stripe is no longer a suitable payment processor
#136I feel like this is an issue in general. As soon as you rely on one company to do one thing, you're SOL as soon as something happens. As a small business, basically nobody cares about you. Be it AWS, YouTube, Stripe, PayPal, you name it. As soon as you are dependent on one platform, you need to at least have a backup plan in case things go south. The big difference is that with a payment processor it's much harder to…
But less chances that they both ban you roughly at the same time. So if A bans you, you move to B and start integrating C. Once you have integration with C ready, you then support B&C in production.
If in the future B or C ban you, then do same as above with D.
BTW, what would be your first choice for a $StripeAlternative nowadays?
Re: Stripe is no longer a suitable payment processor
#137Re: Stripe is no longer a suitable payment processor
#138Anyone used Block (previously Square) as an alternative to Stripe?
I was curious about Square changing their name so I looked it up[0] and it turns out that they did change it to Block. Looking through the Block site ( https://block.xyz ) I see a lot of Blockchain stuff (I guess that's why the name change). Originally, I was pretty positive on Square but this change of direction makes me leary of using them in the future. Too bad. [0] https://block.xyz/inside/press-release-block
Re: Stripe is no longer a suitable payment processor
#139Earlier quoted context omitted.
It's not about speculating whether a given company would one day be big, it's accomodating for both for different reasons. Many of our "high volume customers" were one day not high volume, so saying we can't do both would be very short-sighted. And we see that in our data too: 1,000 new businesses joined Stripe every day last year. We also had 100+ companies process 1B+ in yearly volume. That captures everything from…
> It's not about speculating whether a given company would one day be big Indeed, I think a lot of people miss the fact that the point of most small businesses is not in fact to become a billion (or even multi-million) dollar company. gasp Any company targeting small businesses needs to shed this delusion that small businesses across the board want to become huge or even larger. In fact I know of a few that already t…
There’s this sort of toxic assumption that every small business just isn’t a big business yet. I’ve seen it at work in relationships with vendors where a conversation goes something like:
Business: “Okay, the Business plan fits us nicely but we need one feature from the Enterprise Pro Plus Max plan. Could we negotiate a slight increase in the Business plan and get that one feature flag enabled for our account?”
Vendor: “We’d love to help! We’ll give you a discount on the Enterprise Pro Plus Max tier that makes it the cost of the Business tier for a three year commitment, so you don’t have to grow into it overnight.”
Which of course no one has to do for any (prospective) customer. But it’s exhausting to have to explain that you’re not trying to grow into a business that can spend $80,000/mo with every vendor just to get features you need. And it’s really frustrating when you’re servicing a customer in a regulated industry who wants to expand with you, but vendors think things like audit trails are only useful or appropriate (or “not confusing”) for capital-E-Enterprises.
In my business the result has been a reliance on self-hosted FOSS applications but that’s not practical for things like payment processing, at least for a small business. If I were large enough for it to make sense to do my own payment processing I wouldn’t need Stripe in the first place.
Re: Stripe is no longer a suitable payment processor
#140Earlier quoted context omitted.
Have you found this out just now, is this the actual reason they were blocked and was this communicated to them clearly? If this is not the root cause then pointing this out as part of this conversation is misleading. If it is, why was it necessary for OP to find this out on HN?
Yes, this was already communicated to the business two weeks before posting here—we don't support adult content per our restricted business list.