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Stripe: instant payment processing for developers

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Re: Stripe: instant payment processing for developers

#161

Post by rorrr »

collision wrote: post #137
markbao wrote: post #5

Stripe pretty much takes payment processing kicking and screaming into 2011. Merchant accounts are a serious drag. I've opened a few and they've been nothing but headaches (especially if you're young—nobody trusts you.) Couple that with getting a gateway account, dealing with credit checks, monthly fees, monthly minimums, slow people in the payments industry, PCI compliance... Stripe takes payments and put them behin…

> Maybe if you're charging millions of dollars, you should use a regular merchant account. You should probably still use Stripe in this case. (Some people already are.) We scale up pretty well. Everything that you get with a merchant account (correct statement text, money held in your name), you get with Stripe. Additionally, there are some advantages for large businesses that would make Stripe more attractive than a…

He means the fees. You can pay significantly less than 2.9% + 30¢ with a merchant account.

Re: Stripe: instant payment processing for developers

#162

Post by chexton »

Awesome. I have been waiting to have a better look at Stripe, it sounds so great.

I have a question for someone who might know: how can Stripe operate without requiring it's users to sign up for a merchant account? Do they hold what is known as a 'master merchant account'?

I am just curious as these sound notoriously difficult to get and might explain why it's US only for now, not to mention the AML considerations of letting users sign up and accept payments so simply.

This all just makes what they are doing even more impressive :).

Re: Stripe: instant payment processing for developers

#163

Post by Kavan »

boucher wrote: post #11
almost wrote: post #8

US only at the moment. Anyone know if they have plans for the UK? I would dearly love to say goodbye to PayPal forever.

We're definitely working on expanding to other countries. There's no definite timeline just yet, but it's one of our top priorities.

+1 for the UK

Re: Stripe: instant payment processing for developers

#165

Post by CeiII »

physcab wrote: post #6

Stripe is a game changer. I've been using it for a few months and honestly its the best API I've ever used. The documentation is clear and concise. Its customized to your account so you can literally copy and paste and see the result. Just like it says, it gets out of your way. I was up and running and accepting recurring payments in less than an hour or so. I actually began to think of larger "swing for the fence" t…

Anyone know whether they used a documentation tool to generate the 'example on right' style pages? E.g. https://stripe.com/api/docs?lang=python#delete_customer. It's very clean. The general layout and feel of the API doco is great.

Re: Stripe: instant payment processing for developers

#166

Post by cperciva »

tptacek wrote: post #80
Erwin wrote: post #66

I'm not sure about avoiding PCI compliance so easily. You're embedding their JS library on your page. That page has to be secure, otherwise if someone can inject malicious Javascript they can sniff the CC data as soon as they are entered. You might not be storing the data on your servers, or transmitting the data directly, but security failures in your setup can cause the data to be leaked. Compare this to sending th…

PCI is absolutely schizophrenic about this point, and right now embedding your provider's form within your own same origin domain is kosher with them. You're right if you're thinking it shouldn't be.

You're right if you're thinking it shouldn't be.

Nonsense. That would only be true if PCI was somehow related to security. ;-)

Re: Stripe: instant payment processing for developers

#167

Post by peanutus »

boucher wrote: post #159
peanutus wrote: post #153

Is there a processing volume limit? Will Stripe be verifying customer orders?

There are no volume limits. What kind of verification are you talking about? Stripe does offer address verification: if you send the address with your requests, we'll return the AVS response from the credit card network, which tells if that the billing zip codes and street number are a match.

What about sales receipts? Are those generated by Stripe and sent to the user or is it up to the merchant to deliver them?

Re: Stripe: instant payment processing for developers

#169

Post by anurag »

pingswept wrote: post #157

I mean this as a serious question: when Stripe has 10,000 customers next year, why will they be less capricious and infuriating than Paypal? Is there a fundamental difference, or does Paypal just have a ~15-year history of sucking, while Stripe doesn't?

Good question.

A lot of PayPal's issues stem from the draconian fraud measures they need to employ to handle user-to-user payments. Our business and fraud problems are fundamentally different because we don't support this use case.

Additionally, we've been really careful to grow slowly, and to make sure the experience for our users remains great. We've been in invite-only mode for well over a year before opening up today, and intend to monitor (and, if necessary, limit) our growth so that this doesn't happen.

We'd rather be small than suck.

Re: Stripe: instant payment processing for developers

#170

Post by boucher »

CeiII wrote: post #165
physcab wrote: post #6

Stripe is a game changer. I've been using it for a few months and honestly its the best API I've ever used. The documentation is clear and concise. Its customized to your account so you can literally copy and paste and see the result. Just like it says, it gets out of your way. I was up and running and accepting recurring payments in less than an hour or so. I actually began to think of larger "swing for the fence" t…

Anyone know whether they used a documentation tool to generate the 'example on right' style pages? E.g. https://stripe.com/api/docs?lang=python#delete_customer . It's very clean. The general layout and feel of the API doco is great.

It's mostly just a custom thing I wrote. The CSS is mostly taken (with permission) from Jeremy Ashkenas' sites (see Backbone, CoffeeScript, etc.)
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