Never was. But when you warn people on HN against using Stripe and PayPal, you get downvoted.
What is the alternative?
There are loads and loads of alternatives
Stripe is no longer a suitable payment processor
141–145 of 145 posts
Re: Stripe is no longer a suitable payment processor
#142Re: Stripe is no longer a suitable payment processor
#143I 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…
> since you now have two providers that could potentially ban you 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?
Good question. Probably PayPal, even though I would consider them to be even looser with the ban hammer than Stripe. But when speaking internationally, they probably support the most payment methods? Adyen and checkout.com also look quite comparable, but I don’t know how their APIs hold up.
Re: Stripe is no longer a suitable payment processor
#144Earlier quoted context omitted.
If you had to choose where to put resources between high volume enterprise and low volume SMBs, you’d choose the former.
Why would we not want "low volume" SMBs? Many of the SMBs on our platform grow to be much larger businesses. Ignoring a massive sector of businesses who might one day be the next "big thing" would be foolish for one thing and an unwise financial decision for another. That's why you can sign up as a small business on stripe.com today whereas on other platforms you need to talk to their sales team (and be generating se…
Why? My guess would be that like most companies you’re optimizing for short-term revenue, not long-term! Neglecting/firing low-volume customers who aren’t making you money this quarter so you can allocate those resources to your whales and not hire additional support staff improves this quarter’s numbers. Idk exactly what Stripe’s IPO plans are but as long as your exit is perceived to be a couple quarters in the future, there’s no incentive to worry about what companies might become the “next big thing.” That’s the next shareholder’s problem.
Re: Stripe is no longer a suitable payment processor
#145I suspect it has something to do with their risk policy changes. A few months ago, my account was closed.