161–170 of 257 posts
I’ve been dreaming of corporate card that would also collect the PDF receipts from vendors. Here the credit card statement is not enough for accounting, you need to have detailed receipt for each charge. Hunting these every month for various SaaS services and other purchases takes time. And it’s not easy to outsource since in many cases the billing stuff is only visible to service admin.
Well, 2% on some things + 1% on everything else is better than I am getting with Amex now. Plus, $50k in free processing is like $1,450 in free money. Honestly, I wouldn't believe that deal, except that I have a multi-year history with stripe as our CC processor and it has been nothing but positive and as-promised. So, I submitted an application. It sounds like a great deal to me.
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[Stripe cofounder] Thanks! We're always paranoid that we're too slow, for whatever it's worth. We're still iterating on the supporting models and frameworks. We think a lot about pace layering -- how do we have teams that think on multi-year horizons (infrastructure, security, etc.) alongside teams that are rapidly iterating at much earlier stages of development. I think a lot goes wrong when organizations insist on…
>If anyone reading this is interested in helping us figure things out, please do apply. Do you have a link? Thanks.
The spending controls look attractive to me. I have an org that might be a good candidate, as we have several teams that need to manage expenses. Historically, we've used business pre-paid debit cards to control maximum spending, with individual authorizations managing how much folks can spend. It's okay, but it doesn't scale well. Regarding the controls on the Stripe cards, do they have a concept for Roles? I'd like…
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The point is you're trusting the company to not screw you over and refuse to reimburse you or pay the bill, for whatever reason. Everyone has some horror story of waiting months to get reimbursed for something from an employer. It's less annoying if it's very occasional or the amount is small, but when you're racking up thousands a week there's a non-zero risk.
I suppose that's true and I would probably be worried about that if it was a smaller company or a company that had a real possibility of not being able to pay the bills. At my company that pulls in billions per year and has hundreds of thousands of employees that use this expense system that I've never heard one case of someone having an issue getting reimburses, it's not much of a worry to me.
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I push all our spending through a 2% cash back capitalone business visa. Can't find a better cashback rate, though you could run multiple cards through different vendors with their own credit cards, but you get diminishing returns. If you are a big amazon spender (products, not AWS), it makes sense to do an amazon visa, and then the capital one for everything else. It's really easy to believe the deal when you look a…
A warning for using the Amazon visa: their record retention is horrible. I had to call in and talk to someone for them to send me a paper statement for charges from the previous year when doing taxes. Their export for current records is also terrible last I checked. It's basically terrible for any sort of accounting. As a small business owner, it wasted hours of my life for no good reason.
I’ve been dreaming of corporate card that would also collect the PDF receipts from vendors. Here the credit card statement is not enough for accounting, you need to have detailed receipt for each charge. Hunting these every month for various SaaS services and other purchases takes time. And it’s not easy to outsource since in many cases the billing stuff is only visible to service admin.
Wait, let me get this straight. You get $5000 of AWS Credits that don't expire and don't require any minimum level of spending by signing up for this card?
Wait, let me get this straight. You get $5000 of AWS Credits that don't expire and don't require any minimum level of spending by signing up for this card?
Can anyone from Stripe confirm how the AWS Credits will work? If it's good, this seems like a no-brainer for most SaaS startups.
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Who is the guarantor? The employee? That seems like a very shady thing to do given every expense put on that card is for work.
Yes, the employee. Why do you think it's shady? In my years of working in and around people with the same setup I've never heard of any complaints, and I know most of the other large consulting companies do it the same way. AFAIK the thought behind it is that not every expense on the card is for work - as a consultant, I travel every week and I put all kinds of expenses on the card (not all of which are strictly "for…
The company collects all the rewards for the spend but you take on all of the risk of repayment. If you used your personal card you'd collect the rewards.
Using personal cards and being reimbursed is a nice perk for many.