Live data from Hacker News

Stripe Issuing – An API for creating physical and virtual cards

stripe.com

171–180 of 217 posts

Re: Stripe Issuing – An API for creating physical and virtual cards

#171

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

Yes, Marqeta provides this - they call it JIT funding.

Re: Stripe Issuing – An API for creating physical and virtual cards

#172
post #74

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

> Does anyone know of an API that would allow a Credit Card user the ability to grant real-time webhooks to a 3rd party as they swipe their card? Galileo and Pex already support basically the same stuff as Stripe Issuing. It's nice to have this option within the Stripe ecosystem though. If you use stripe and an existing 3rd part to do this there are bank transfers involved to get funds from one place to the other. ht…

If you’re looking for real-time API hooks, as far as I know only Marqeta has this offering.

Re: Stripe Issuing – An API for creating physical and virtual cards

#174

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

Yes, Marqeta provides this - they call it JIT funding.

Yeah with $1m commitment over the next 12m lol.

Re: Stripe Issuing – An API for creating physical and virtual cards

#175
post #92
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Hopefully increasing the response time to > 2s (whether it's settable in the API or just has a longer timeout) is on the roadmap, I can think of lots of future use cases where you would want a human in the loop on authorizations. Looks like a great product and props to you and your team for shipping this.

There's actually an implementation of this for online sales in Europe (and probably other places in the world), it's called 3D Secure: https://www.visa.ca/en_CA/visa-everywhere/security/future-of...

It adds a step during checkout where you are redirected to your bank/card issuers page to answer some security questions.

Re: Stripe Issuing – An API for creating physical and virtual cards

#176
post #68

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Quick Q, who plays the role of the bank holding the backing funds? Or does stripe simply play the role of a transmitter,

Btw is this similar to Marqeta‘s JIT solution?

Re: Stripe Issuing – An API for creating physical and virtual cards

#177
post #121

Earlier quoted context omitted.

entropay.com has similar virtual cards for a ~4% fee

Entropay.com is great - I use it for sites that really don't want my Australian dollars (normally this is enough for me to never buy from them, but sometimes I really do need the product). The cards are "American", but appear to be issued somewhere in the EU - I've had the number rejected by someone, maybe Sling? I do wonder if I'm getting flagged as a higher fraud risk when I use it, though.

True, I remember my card at Entropay being registered under Malta, Europe. But fortunately, online services accepted it.

Re: Stripe Issuing – An API for creating physical and virtual cards

#178
post #142
post #91

Are CC numbers always unique? Or can there be multiple people with the same number but different expiry codes (or others). I always wondered if we'd run out of cc numbers. 10^16 is a big number, but take out the checksums and unused blocks I'd guess we're down to only a few thousand per person.

Each issuer has 1 trillion possible account numbers.[0] [0] https://www.creditcards.com/credit-card-news/credit-card-app...

I don't think that refutes OP's point. 10^12 is not that much, actually. That would mean that everyone in the world today gets only ~100 numbers (not even including offspring situations).

Re: Stripe Issuing – An API for creating physical and virtual cards

#179
post #18
post #2

That’s awesome. I wonder how easy would it be to code an easy service that generates a different card for every subscriptions. No more hassle to cancel this gym membership!

Look at https://privacy.com/

It's ironic that they are called "privacy", when they are really just monopolizing your service usage information. Instead of Visa knowing exactly what services I use, now "privacy" does.

Re: Stripe Issuing – An API for creating physical and virtual cards

#180
I've had pretty bad experiences with Stripe in the past, which is why I switched to Braintree. Stripe has abysmal support for square use-cases that don't fit their circular criteria.

Nevertheless, this is one development that makes me interested in Stripe again. I'm looking forward to using this at some point in the future when they open this up out of friends-frist mode.

Post reply on HN