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Samwers Clone Stripe

paymill.de

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Re: Samwers Clone Stripe

#131

Post by netrus »

silvestrov wrote: post #104
aristidb wrote: post #52

Earlier quoted context omitted.

For individuals, wires are free. Businesses pay a few cents per wire. However, wires need about 2 days to process. That's the rates _from_ Germany to any EU country. So I wouldn't pay for a wire to France, but I don't know what a French person would pay to wire to me. The regulations only say that EU wires need to have the same price as national wires.

However, wires need about 2 days to process This is how you pay: the bank earn the interest rate for those two days.

That's less than 0.1 percent. I guess most people would accept higher tranfer fees to speed up the process :)

Re: Samwers Clone Stripe

#132

Post by SebMortelmans »

kanamekun wrote: post #98
Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

Kickstarter is US-only because Amazon Payments is US-only (well at least, they only denominate payments in dollars). Kickstarter's payment needs are pretty different from other crowdfunding sites, as the credit card is authed right away... but not charged until the project is funded AND the deadline is reached (up to 60 days). There are very few payment vendors that will hold a conditional credit card charge like tha…

Bears the question, why is Amazon Payment still US-only? We in Europe need stuff like that so badly. Hell even a lot of options that Paypal offers is not available in mainstream European countries. There is really a huge opportunity and need of Stripe / Wepay / competitors that work in Europe.

Re: Samwers Clone Stripe

#133

Post by NonEUCitizen »

richardw wrote: post #26
seivan wrote: post #14

Will never be as good as Stripe. Mostly because Stripe is coded by it's founders, get support questions answered by their founders who will even teach you how to use git. :)

That stuff is great, but doesn't help EU customers if they can't use it. So at present this thing is already better than Stripe, because "90% of success is showing up". The repeated message from EU countries is "get here, we need you", and the repeated answer is "we'd love to, but can't yet". That's handing the business to Samwers on a silver platter. I'm in South Africa. I can't even begin to imagine how long it'll…

You should start the South African Stripe ?

Re: Samwers Clone Stripe

#134

Post by daemon13 »

wulczer wrote: post #77
rmoriz wrote: post #51

Earlier quoted context omitted.

well. you could do your own invoicing if you're not satisfied with the pdf they generate. Stripe and Paymill don't do invoicing, too.

Ouch, that's a big minus from the point of view of an European company - not having to look for another app to generate invoices or futz around with generating your own was nice. The specific issue with Recurly that we had is that they silently changed their platform to perform VIES validation on all VAT numbers. While this makes sense for transactions with entities from outside of the merchant's country, validating…

Did I understand you correctly that:

1. Recurly is right to add VIES validation for out of country transactions.

2. They shall not implement this feature for in country transactions.

???

Re: Samwers Clone Stripe

#136

Post by SkyMarshal »

runako wrote: post #117
Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

Some suggested reasons, to add to the others cited: 0. You're obviously speaking mostly about startups that primarily interface with moving money or physical goods. Regulations and infrastructure in these areas are not insignificant operations. US startups working outside these areas (e.g. Facebook, Zynga, Stack Overflow) don't stop at US borders. - Each market has its own customs, language, and tone. Marketing into…

All good points. I also wonder if foreign finance companies like Stripe are waiting to see what happens with the Euro before making huge man-hour and investment commitments anywhere in the Eurozone. There could be big legal, financial, economic changes ahead there.

Re: Samwers Clone Stripe

#137

Post by majani »

aristidb wrote: post #2

That's a bit bizarre, because one would expect a German clone to support the payment variants that are far more popular than credit cards in Germany. EDIT: The biggest payment variant I was thinking of is direct debit (German: Lastschrift), which is highly convenient. However, wiring the money before getting the goods is also surprisingly popular here. Many people just don't have credit cards. (I do, but I also use s…

The Samwer bros are probably building to sell to Stripe, so they're using credit cards for Paymill to easily integrate into Stripe when that time comes.

Re: Samwers Clone Stripe

#138

Post by therandomguy »

shell0x wrote: post #100

Sure, startups & companies should operate worldwide, but the Samwer business model is really scummy. I could understand if they would build the clone with the background to avoid monopols, but they just try to fill a niche market with a stolen idea and make money with it. Just look at http://www.lazada.com.my/ , an amazon clone for countries, where amazon doesn't operate(d) yet. They even use the same layout. I would…

You are assuming that all businesses should innovate. That is not true. Mostly businesses are about execution and price. Samwer is playing by the rules and winning.

Re: Samwers Clone Stripe

#139

Post by kanamekun »

naz wrote: post #129
kanamekun wrote: post #98

Earlier quoted context omitted.

Kickstarter is US-only because Amazon Payments is US-only (well at least, they only denominate payments in dollars). Kickstarter's payment needs are pretty different from other crowdfunding sites, as the credit card is authed right away... but not charged until the project is funded AND the deadline is reached (up to 60 days). There are very few payment vendors that will hold a conditional credit card charge like tha…

> the credit card is authed right away... but not charged until the project is funded AND the deadline is reached (up to 60 days). Do you have a reference for this? I'm under the impression they only charge the cards once the funding goal is reached. Amex in particular only allows pre-authorizations to last up to a week.

1. If the project has met or exceeded its funding goal, all backers’ credit cards are instantly charged and funds go directly to the project creator.

2. If the project has not met its funding goal, all pledges are immediately canceled. And that’s it.

Amazon Payments is the only processor that currently supports these requirements, and currently Amazon Payments does not support non-US recipients — meaning that you need a US bank account and address to launch a project on Kickstarter. >>

http://www.kickstarter.com/blog/amazon-payments-and-us-only

Re: Samwers Clone Stripe

#140

Post by rmoriz »

Luc wrote: post #121
rmoriz wrote: post #66

Earlier quoted context omitted.

in Germany, direct debit transcation currently need an account number and a bank id (BLZ). Or BIC/IBAN (see Wikipedia). There is no validation except some nummerical tests. You can enter the number of some charity or your landlord when doing an order at e.g. Amazon. To deal with that risk, every bank account holder has the right to chargeback transactions without giving a reason. That's why banks typically keep a lot…

> There is no validation except some nummerical tests. You can enter the number of some charity or your landlord when doing an order at e.g. Amazon. That is... simply not true. Or perhaps I am misunderstanding what you are saying. There isn't a bank in the EU that will allow you to make a transfer from an account that's not yours (authenticated by whatever means - card readers, digipass, RSA keychain gadgets that dis…

direct debit ("Lastschrift") is kind of a reverse transaction. You tell your $own bank to collect the money from an account of your customer at $other bank
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