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Changes to Stripe Billing

support.stripe.com

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Re: Changes to Stripe Billing

#31

Post by ptero »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

Most employees expect an IPO exit if a business is successful. I suspect that "if we hit it, we will share profit with you" would be a lot less attractive for an employee.

Re: Changes to Stripe Billing

#33

Post by pknomad »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

I guess if those tech companies are VC-funded... isn't the whole point to IPO?

I'm saying that's neither right nor wrong but there are examples of the good on both sides; Jetbrains and Crowdstrike seems to be doing fairly well despite staying private and going IPO, respectively.

Re: Changes to Stripe Billing

#34

Post by toomuchtodo »

ptero wrote: post #31
giancarlostoro wrote: post #21

Earlier quoted context omitted.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

Most employees expect an IPO exit if a business is successful. I suspect that "if we hit it, we will share profit with you" would be a lot less attractive for an employee.

Most of the world runs on engineering done by folks not expecting an IPO payday (and instead, base, bonus, work life balance, etc). >90% of startups fail and never have a payday [1]. Employees will find opportunities elsewhere and expectations will need to more closely align with reality for those holding out for the "before times" that are unlikely to exist again [2].

[1] https://danluu.com/startup-tradeoffs/ | https://news.ycombinator.com/item?id=40363262

[2] https://news.ycombinator.com/item?id=11112367

Re: Changes to Stripe Billing

#35

Post by brianwawok »

b2bsaas00 wrote: post #27

There is no reason why this feature is % based. What alternative we have? 0.7% just to trigger a charge every month it makes not sense. For international card is 0.7%+3.9%=4.6% fee for payment!

Yup. Keep testing out those alternatives, I pay way too much money to Stripe every month.

Re: Changes to Stripe Billing

#37

Post by Animats »

dinobones wrote: post #12

I love Stripe, blah blah blah, Stripe has "good" le docs and good dev experience and w/e. But now that they have market share they are seemingly becoming more greedy. I think they are overplaying their hand. There's no reason that these charges should be %-based. And I'm almost certain for large enterprise customers they're not; there's probably custom negotiated contracts for those cases. I hope we get more players…

> But now that they have market share they are seemingly becoming more greedy.

Of course. Go read Theil's "Zero to One" again.

Re: Changes to Stripe Billing

#38

Post by czzarr »

as a years-long customer for whom prices keep increasing while product keeps getting worse (fraud detection and dispute handling in particular), I'm really hopeful that a decent competitor shows up soon.

Re: Changes to Stripe Billing

#39

Post by duskwuff »

b2bsaas00 wrote: post #27

There is no reason why this feature is % based. What alternative we have? 0.7% just to trigger a charge every month it makes not sense. For international card is 0.7%+3.9%=4.6% fee for payment!

> What alternative we have?

A monthly plan: https://stripe.com/billing/pricing

Ranges from ~0.62% (up to $100k/mo) to ~0.57% ($1M/mo).

Re: Changes to Stripe Billing

#40

Post by lotsofpulp »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

>The stock market is where long term companies go to be screwed on a whim.

What data do you base this on? "Long term" companies that do not choose to become publicly listed go out of business all the time. Some of them even get obviated by competitors who do choose to go public, and as a result, have a ton more money to outcompete the non public ones.

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