Curious what people use besides Stripe (or Paypal) or if they are planning on moving away from it.
Changes to Stripe Billing
51–59 of 59 posts
Re: Changes to Stripe Billing
#52This is the text I received in an email just now, which is for people on the 'Starter Plan' and easier to understand than the linked article. 1. Today we’re deprecating the Billing Starter plan (your current plan) and moving all customers to a single, comprehensive plan that includes all of Stripe Billing's features. Your pricing will change from 0.5% to 0.7% of Billing volume. However, we'll maintain your current pr…
That's a 40% price increase. I've never seen such a drastic increase, not even from Paypal.
Re: Changes to Stripe Billing
#53as 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.
> Eg US LLCs not owned by US residents can't get card acceptance.
Not owned by US residents, or not owned by US citizens? E.g., could a US citizen residing abroad accept credit cards with AirWallex?Re: Changes to Stripe Billing
#54as 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.
Re: Changes to Stripe Billing
#55The 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
#56The 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
#57Re: Changes to Stripe Billing
#58Earlier quoted context omitted.
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
#59Earlier quoted context omitted.
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.
But what is the reason for no longer selling those lottery tickets? Some employees really want them and they are a very good deal for the employers -- cash strapped early startups. What drives the drying up?
The situation will improve as the Fed cuts rates, but zero interest rate policy that fueled the previous economic exuberance is unlikely to return due to structural economic changes.
https://fred.stlouisfed.org/series/FEDFUNDS
https://www.goingvc.com/post/how-rising-interest-rates-impac...
https://www.wsj.com/finance/investing/high-interest-rates-cr... | https://archive.today/DPlzm