Stripe's API is great, especially the pre-built checkout and the ability to attach any metadata to charges. In my small shop, I use it as a make-shift order tracking system, adding fields like order_status, invoice_number, order_number, tracking_url, custom delivery details etc.
Stripe's Payment APIs: the first 10 years (2020)
31–40 of 56 posts
Re: Stripe's Payment APIs: the first 10 years (2020)
#32Re: Stripe's Payment APIs: the first 10 years (2020)
#33bro, just use Paddle, it's a MOR
In my experience, you couldn’t just setup an account and start selling, you had to contact their sales team and they let you know if they want your business. Stripe has no real competitor.
It has lots of competitors. They bought out LemonSqueezy exactly because it was a competitor that quickly gained a lot of mindshare.
Polar.sh is another one.
The thing you're talking about with Paddle is just checking you're not selling offline, physical stuff.
Re: Stripe's Payment APIs: the first 10 years (2020)
#34> Introducing PaymentIntents and PaymentMethods Stripe will soon run out of names for their ever growing levels of abstractions. I loved Stripe from the inception until about a year or two ago when their developers discovered the joy of AI. Now I dread every new Stripe SDK update, because it means more mental tax to me, more work for exactly zero value - all for the satisfaction of their architects. It looks develope…
there are a lot of payment providers. what features do you like about Stripe that keeps you with Stripe?
If you use them for subscriptions you are effectively locked with them. The cost of migrating to a different provider (including existing subscriptions AND payment methods) plus the risk of something breaking the renewals is too high for most companies.
Re: Stripe's Payment APIs: the first 10 years (2020)
#35I refuse to see Stripe as anything other than inconvenience. They refuse all my payments, because they don't like my debit card provider. When a service uses Stripe for payments, I just assume they don't want me as a client.
> "they don't like my debit card provider" Can you elaborate?
The provider is Wise - an "e-money" institution. I've been using them for well over a decade. They are very good. Never had any issues until recently - a service I was interested in uses Stripe to "verify" the card before charging. Stripe rejected all Wise cards - physical and digital. I had to use my legacy bank's debit card. Problem is, the legacy bank charges outrageous forex fees and has an awful spread on top of it, so if I can't use Wise card after "verification", I will have to give up on the service. I asked them what could be done and they just said they use Stripe and that's it.
Re: Stripe's Payment APIs: the first 10 years (2020)
#36Earlier quoted context omitted.
Isnt Mollie Europe only?
Mollie seems to only provide services to business based in European Economic Area, Switzerland and the UK [0], so yes? [0]: https://help.mollie.com/hc/en-us/articles/115002116105-Can-I...
And they also have a minimum turnover limits. They rejected us as too small.
Re: Stripe's Payment APIs: the first 10 years (2020)
#37> Introducing PaymentIntents and PaymentMethods Stripe will soon run out of names for their ever growing levels of abstractions. I loved Stripe from the inception until about a year or two ago when their developers discovered the joy of AI. Now I dread every new Stripe SDK update, because it means more mental tax to me, more work for exactly zero value - all for the satisfaction of their architects. It looks develope…
there are a lot of payment providers. what features do you like about Stripe that keeps you with Stripe?
Are there any good Stripe Connect competitors? I haven't found any.
Re: Stripe's Payment APIs: the first 10 years (2020)
#38Re: Stripe's Payment APIs: the first 10 years (2020)
#39Earlier quoted context omitted.
This is kind of the tradeoff you need to make when launching a product though. You cleave off some of the product's margin & send it to a third party so that you can get the thing launched. If it's unsuccessful, that's fine, you'll pay no money to the vendor. If it's successful..? Great! Now you can afford to pay someone to build a checkout that doesn't cost me thousands a month in fees. Stripe takes 1.5-2.5%, so if…
It costs much more then that, that's their feeds on top of CC, conversion etc. at 20K mrr you are easily paying 1k p/m in Stripe & Processing fees.
How is that different than any other payment processor? Interchange isn't free anywhere
Re: Stripe's Payment APIs: the first 10 years (2020)
#40Earlier quoted context omitted.
> "they don't like my debit card provider" Can you elaborate?
The provider is Wise - an "e-money" institution. I've been using them for well over a decade. They are very good. Never had any issues until recently - a service I was interested in uses Stripe to "verify" the card before charging. Stripe rejected all Wise cards - physical and digital. I had to use my legacy bank's debit card. Problem is, the legacy bank charges outrageous forex fees and has an awful spread on top of…
Wait, why does your debit card involve forex fees and spreads?