Will it have an option to retain some % in BTC rather than selling them all for fiat?
Any plans for an option to accept fiat and convert to BTC?
Stripe: Bitcoin Sign-up
31–40 of 198 posts
Re: Stripe: Bitcoin Sign-up
#32Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?
Our user tests suggest that people will pay with their online banking when offered even a 1% discount, which is awesome. More than 40%.
Re: Stripe: Bitcoin Sign-up
#33Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
Credit Card payments in person can be great - swipe and go, why not? Online, it's 23 digits that you don't know, and then 3-23 more fields (shipping address, billing address, name, email, etc. etc.) That sucks. Even at it's best in the Stripe Checkout model, it's less than ideal and extremely unsafe - it's so unsafe that American Express is RUNNING COMMERCIALS ADVERTISING HOW UNSAFE THEIR PROCESS IS! For your conveni…
[deleted]
Re: Stripe: Bitcoin Sign-up
#34Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?
What about consumer protections? Extended warranties, painless returns, fraud protection, etc. I am at no risk when using a credit card. Why would I even want to switch?
Re: Stripe: Bitcoin Sign-up
#35Definitely enjoyed the email signup placeholder: satoshi@example.com
Re: Stripe: Bitcoin Sign-up
#36Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
Credit Card payments in person can be great - swipe and go, why not? Online, it's 23 digits that you don't know, and then 3-23 more fields (shipping address, billing address, name, email, etc. etc.) That sucks. Even at it's best in the Stripe Checkout model, it's less than ideal and extremely unsafe - it's so unsafe that American Express is RUNNING COMMERCIALS ADVERTISING HOW UNSAFE THEIR PROCESS IS! For your conveni…
Can't respond to individual comments - chargeback protection is NOT a credit-card thing - it's a consumer protection called Regulation E that all payment processors must have. We have it for ACH for example.
Re: Stripe: Bitcoin Sign-up
#37Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?
Probably not. I'd prefer the mileage, peace of mind that I have recourse, consolidated statementing, free 30 day loan, etc. And you would not save 3%. In fact, with Bitcoin's volatility, you might be charged 3% as you are now when you purchase in a different currency. Bitcoin enthusiasts have a difficult time understanding the cost of currency volatility.
Re: Stripe: Bitcoin Sign-up
#38Earlier quoted context omitted.
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
If you had the option to tap a Bitcoin card and have the same experience, but save 3% on the transaction, would you?
Can't respond to individual comments anymore, but consumer protection is something all payment processors must have, it's the law - it's called Regulation E and it's mandated by the government. We do it for ACH same as credit cards - CC's have convinced people it's something they created, but it is not - it's the law.
Re: Stripe: Bitcoin Sign-up
#39The concept that Stripe may be moving away from strictly supporting Credit Card payments (which are awful, but necessary for now) and into alternatives is so exciting to me that I am literally shaking. We're building infrastructure to make bank-to-bank transfers palatable to consumers and drive their cost toward zero, but it's only if thought leaders like the Collisons embrace the move away from CC's that the move wi…
> which are awful, but necessary for now As a consumer or business? Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. You can't get more convenient than that. As such, I don't think credit cards are going anywhere.
The 1st order effects are on business. It's mostly the 2nd order effects that consumers feel. Marginally higher costs that inevitably pass to consumers . Merchant refusal to ship to "high risk" locations. More difficult international transactions generally. Fewer online vendors (=less choice & higher prices) of high risk (easily resellable) items.
Then there are the effects of having such a thick intermediary, a duopoly. Some consumers can't get a credit card. It's hard for consumers vulnerable to overspending & borrowing to avoid the card's expensive credit component.
There's also a general brokenness (IMO) of the "pull" nature of credit cards. I want to send vendors money, not authorize them to take some themselves while reserving the right to dispute the charge. Even for recurring transactions I would rather an easy bill paying service that works like invoices & checks do, but with a 10X simpler UI.
Re: Stripe: Bitcoin Sign-up
#40I've always loved Stripe for their innovative side and the way they made accepting / making credit card payments so easier and nicer. I'm so glad they integrated bitcoin, which I think will be a really good contribution to make btc spread amongst normal users. That's great to see them becoming more of a payment processor versus the simple credit card processor they were. I love stripe, I love btc, and seeing them tog…
Stripe is fantastic at building interfaces and APIs for payment processing - the fact that they could lead the move away from CC's (on which they built their business up until now) is thrilling to me. Step 1!
I don't know Stripe enough to draw any conclusion on that, would you see Stripe becoming a Paypal like, where you could just have an account, link your CC, BTC, whatever you want, and then have a button "Pay with Stripe"?