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Changes to Stripe Billing

support.stripe.com

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Re: Changes to Stripe Billing

#41

Post by cmcaleer »

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!

It’s things like this that make me disappointed crypto didn’t find favour as a payment option. I can transfer a million dollars instantly for ~free on (good) blockchains. Vendors aren’t at the mercy of Stripe closing their account. They’re not at the mercy of payment processors deciding they’re not allowed to sell porn. The UX has improved considerably. It’s not quite ‘there’, but much better than before.

Yes as a user I don’t get chargeback disputes. That’s why I pay with crypto if I trust the vendor or if it’s for a small amount. Sometimes the savings even get passed to me. If I want protection, I use my credit card.

Stripe seem interested in this too given their push for crypto payments that’s supposed to arrive soonish. I’m curious how much of the savings will get passed on to users. But maybe it’ll just fizzle out again.

Re: Changes to Stripe Billing

#42

Post by glzone1 »

The real question is what payment providers handle ACH well for a reasonable price. Say lots of $500 invoices. Underlying costs on the ACH platform is pretty low. Would love to find a $3 capped provider. Intuit is uncapped, so a $10,000 payment costs $100 per payment on their platform. Ouch!

Re: Changes to Stripe Billing

#45

Post by ptero »

toomuchtodo wrote: post #34
ptero wrote: post #31

Earlier quoted context omitted.

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/ | http…

Of course, but a small portion of the employees, disproportionately concentrated at startups, are willing to take a bet on an eventual exit. They accept a 90+% chance of a company going belly up and a 7-digit payday if it becomes a roaring success.

But without an IPO it becomes a chance for a small royalty payment, and this is a lot less attractive success.

Re: Changes to Stripe Billing

#46

Post by toomuchtodo »

ptero wrote: post #45
toomuchtodo wrote: post #34

Earlier quoted context omitted.

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/ | http…

Of course, but a small portion of the employees, disproportionately concentrated at startups, are willing to take a bet on an eventual exit. They accept a 90+% chance of a company going belly up and a 7-digit payday if it becomes a roaring success. But without an IPO it becomes a chance for a small royalty payment, and this is a lot less attractive success.

I agree, these folks will have to make do without these previous opportunities existing or exit the industry if that is not palatable. Lottery tickets drying up.

Re: Changes to Stripe Billing

#47

Post by xtracto »

glzone1 wrote: post #42

The real question is what payment providers handle ACH well for a reasonable price. Say lots of $500 invoices. Underlying costs on the ACH platform is pretty low. Would love to find a $3 capped provider. Intuit is uncapped, so a $10,000 payment costs $100 per payment on their platform. Ouch!

For ACH I previously used Vantiv (now part of worldpay iirc) I remembered they had good service and price.

Re: Changes to Stripe Billing

#49

Post by danwakefield »

glzone1 wrote: post #42

The real question is what payment providers handle ACH well for a reasonable price. Say lots of $500 invoices. Underlying costs on the ACH platform is pretty low. Would love to find a $3 capped provider. Intuit is uncapped, so a $10,000 payment costs $100 per payment on their platform. Ouch!

https://gocardless.com/pricing/ is 1% below 500, then fixed for payments between ~500-2000, then its cap+0.3% over 2000

Re: Changes to Stripe Billing

#50

Post by imarkphillips »

czzarr wrote: post #38

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.

We swapped to AirWallex but note card acceptance is limited to companies that are controlled by directors with the same residence.

Eg US LLCs not owned by US residents can't get card acceptance.

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