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Stripe to move to South San Francisco

sfchronicle.com

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Re: Stripe to move to South San Francisco

#201

Post by MuffinFlavored »

lukeschlather wrote: post #45
MuffinFlavored wrote: post #8

Earlier quoted context omitted.

Payment processing rates in China are ____ Payment processing rates in USA are ___ Can somebody help me double check something? I don’t know the answers to those questions I feel like I read WeChat processes payments at 0.1% while Stripe/PayPal are still around 2%

I have a credit card that gives me 1.5% cash back on every transaction. I'm reading that Visa typically charges 2.3% to merchants, and Stripe charges 2.9%, ignoring per-transaction fees. So Stripe itself probably gets around 0.6% of each transaction, and at least on average 1% of each transaction goes to cardholder bonuses, and the card issuer gets around 1.3%. Of course both Stripe and the issuer have some fraud pre…

From a quick Google, I think the difference is that WeChat is bank-to-bank, therefore the rates are 0.1%

Re: Stripe to move to South San Francisco

#202

Post by [deleted] »

alexhutcheson wrote: post #200
dawg- wrote: post #149

I am not in the bay area, in fact I've never even been to the West Coast. So I am going to ask what may seem like a stupid question to some of you. I mean this in as polite a way as possible, but why wouldn't established companies like Stripe just fuck off to another city entirely? It's a successful company with a great product - that I'm sure many people would like to work for. They could surely lure talent from the…

Moving offices is really disruptive to people's lives, and causes a huge amount of turnover in your workforce. A brief excerpt from Peopleware[1]: "The typical person being moved today is part of a two-career family. The other half of that equation is probably not being moved, so the corporate move comes down hard on the couple’s relationship at a very delicate point. It brings intolerable stress to bear on the accom…

[deleted]

Re: Stripe to move to South San Francisco

#203

Post by maxlamb »

harimau777 wrote: post #124
masahiko wrote: post #81

Earlier quoted context omitted.

Fog is worse than where? I work in SSF as well... A) its where businesses like Stripe should be in the coming years (it wont be creative, it'll be internet infrastructure) B) there is a ferry to Oakland (to help alleviate the absurd traffic jams over the bay bridge) and C) bring some variety (right now SSF is all pharma and med device) into SSF. There is no reason why SSF couldn't be a thriving, cool place to live an…

Is SSF still a large city in terms of cost of living and owning a home? Personally, by living in a large city I'm giving up the ability to own a home in exchange for access to niche resources such as ethnic enclaves, bohemian artist communities, cultural events, groups dedicated to uncommon hobbies, etc. Just having trendy restaurants and coffee shops wouldn't do it for me.

|bohemian artist communities Do bohemian artist communities still exist in San Francisco? How can they afford to live there?

Re: Stripe to move to South San Francisco

#204

Post by driverdan »

nickv wrote: post #195
friedman23 wrote: post #192

Earlier quoted context omitted.

> Good weather The weather in San Francisco is overrated, it's always cold and windy and there are never any seasons.

Except its going to be 84 and sunny today. Summers are brutal but the rest of the year is pretty nice.

> Summers are brutal

Summers in the bay area are not even remotely brutal.

Re: Stripe to move to South San Francisco

#205

Post by deathanatos »

nickv wrote: post #195
friedman23 wrote: post #192

Earlier quoted context omitted.

> Good weather The weather in San Francisco is overrated, it's always cold and windy and there are never any seasons.

Except its going to be 84 and sunny today. Summers are brutal but the rest of the year is pretty nice.

I grew up in the South, and worked in the Bay Area for 9 years, 7 in SF. Summers is SF are most assuredly not brutal.

Most of the microclimates in the Bay Area are disgustingly peaceful, but as the parent notes, there is a distinct lack of seasons (there's approximately two: dry summers, wet "winters") and real weather (I greatly missed thunderstorms when I was there).

Re: Stripe to move to South San Francisco

#206

Post by [deleted] »

all_factz wrote: post #175
JumpCrisscross wrote: post #148

Earlier quoted context omitted.

> What alternative solution actually fixes this, though? Lower the cost of building housing. Streamline permits, zoning, and environmental review. Publicly commit, in other words, to driving down housing prices over a decade. (Note: not land prices! That’s the compromise.) This makes it cheaper to... Build enough shelters for the transient homeless population. Now that they’re a stable problem, we can focus on the gr…

I’ve lived in the SF Bay Area pretty much my whole life and I just want to say you hit the nail on the head. Do you know of any politicians who are working to make this happen? I’m pretty liberal, but I sometimes feel we live in such a bubble here that even ideas like these are a third rail...

[deleted]

Re: Stripe to move to South San Francisco

#207

Post by friedman23 »

abalone wrote: post #115

This blows, not so much because Stripe is leaving SF, but because it's going just over the border for tax purposes so 100% of employees who live in SF will stay in SF. The company just won't pay their fair share to the city to offset their impact. The line about this being about space and not taxes is hard to believe.[1] And for good reason. Last year Stripe funded an anti-homeless campaign just $1 shy of the reporti…

I'm happy for stripe, they made the logical decision.Now hopefully the incompetent administrators of San Francisco will feel some consequence for their actions.

Re: Stripe to move to South San Francisco

#208

Post by cloverich »

friedman23 wrote: post #192
gwbas1c wrote: post #165

Earlier quoted context omitted.

I remember when Stripe emailed me as a job candidate. At the time, I was sitting in the bar directly behind their office, and basically replied that they (one of the Collison brothers) could come right now and have a beer with me. (I was sitting in the Rose and Crown, and they were in the office behind the Wine Room on the same block.) * > why wouldn't established companies like Stripe just ... off to another city en…

> Good weather The weather in San Francisco is overrated, it's always cold and windy and there are never any seasons.

Depends on personality, but compare it to other climates where for parts of the year you can't comfortably go outside. Northeast you get snowed in regularly, 40 straight days of darkness and rain in northwest, 90+ days of 100 (ish) degree weather here in Austin.

Probably grass is always greener type thing.

Re: Stripe to move to South San Francisco

#209

Post by driverdan »

JumpCrisscross wrote: post #138
abalone wrote: post #115

This blows, not so much because Stripe is leaving SF, but because it's going just over the border for tax purposes so 100% of employees who live in SF will stay in SF. The company just won't pay their fair share to the city to offset their impact. The line about this being about space and not taxes is hard to believe.[1] And for good reason. Last year Stripe funded an anti-homeless campaign just $1 shy of the reporti…

> Last year Stripe funded an anti-homeless campaign just $1 shy of the reporting threshold I don’t get the sense that San Francisco’s homeless problem can be solved by throwing dollars at it. San Francisco chooses high housing prices by restricting construction. Its NIMBYs block tackling its homelessness problem. Money won’t change those choices by San Francisco’s voters. It will just swell another city bureaucracy.

Considering the city already spends around $30k per year per homeless person it's pretty obvious money is not the solution.

Re: Stripe to move to South San Francisco

#210

Post by ergocoder »

abalone wrote: post #106
ergocoder wrote: post #12

Earlier quoted context omitted.

Also, the tax oddly targets Stripe and Square. People don't talk about this very much. But it seems extremely unfair that Stripe/Square pay way more tax than Saleforce in terms of ratio to their revenues. (I don't recall the numbers. Anyone?) Jack Dorsey tried to raise this point multiple times. But people just kept screaming that he didn't care about homeless :S

The gross receipts tax was Jack Dorsey's idea . As CEO of Square he lobbied for and received a switch to the gross receipts tax in 2012.[1] He only started complaining about "fairness" when it became about helping the homeless. [1] https://www.sfgate.com/business/article/SF-Citi-video-plugs-...

You merely mentioned fairness, but you didn't mention which aspect.

Jack has been vocal about wanting to pay tax by revenue (or whatever way) to the city. The point that he objects is that Square pays tax more than Saleforce, when Saleforce's revenue is way way more than Square's.

This is an example of US political debate.

Everyone immediately accuses the person of being evil (i.e. not wanting to pay tax and of hating homeless). But nobody actually answers why it makes sense for Square to pay more tax than Saleforce.

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