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Inside Stripe

fastcompany.com

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Re: Inside Stripe

#61

Post by jonah »

pc wrote: post #54
jonah wrote: post #51

Earlier quoted context omitted.

The 'phones ont the desk behind the Embody appear to be Sennheiser HD 202. http://www.sennheiser.com/sennheiser/home_en.nsf/root/privat...

They're actually just Bose QC15s.

Nice.

(I was looking at the ones in the Fast Co. photo.)

A lot of sweet bikes too!

Re: Inside Stripe

#63

Post by scott_s »

EREFUNDO wrote: post #52
scott_s wrote: post #48

Earlier quoted context omitted.

our system inherently includes automatic fraud prevention If you're willing to share more, I'm listening. PayPal has "automatic fraud prevention" in the sense that, if you do something that deviates from what they expect, they suspend your account. I assume you mean something different. Also, I followed the Quora question to this related one: http://www.quora.com/How-are-Square-and-Stripe-able-to-accep... I'm still c…

No we won't freeze, close, or withdraw money from people's accounts. Once it's open, it's open. Once the money is cleared, it doesn't go back. This is an ironclad promise we can make to users because of the unique way we process payments. Right now the model for peer-to-peer transactions is that after one party gets paid the other waits for his merchandise or services to be delivered (eWork projects). We solved this…

Is "we" PayGuard? And are you saying you won't "freeze, close or withdraw", or that you can't? One is a promise. The other is a fact. See Colin Percival's post on the distinction: http://www.daemonology.net/blog/2012-01-19-playing-chicken-w...

It's also not clear to me how what you describe prevents scams and money laundering. Note that in the case of money laundering, it's the same party on both sides of the transaction.

Re: Inside Stripe

#64

Post by plasma »

Please come to Australia!

I can't confirm or deny I'm working on a direct competitor.

Am I serious? Or joking, just to light a fire under you?

Please hurry! :)

Re: Inside Stripe

#65

Post by mikaelcho »

davecap1 wrote: post #8

I wish it worked in Canada... Any other Canadians out there wishing the same thing?

Yes. I wish both Square and Stripe worked in Canada. I've had a Square Reader for a year and haven't been able to use it but, I know it's tough getting everything sorted out with banking institutions and merchants.

Re: Inside Stripe

#66

Post by mrkurt »

porterhaney wrote: post #57
9999 wrote: post #44

Earlier quoted context omitted.

I think it's essential for their success too. I can't use them without micropayment support.

I'll second this notion. Even if there is a way to collect micropayments, but not process them until they are large enough to process efficiently with the current credit card framework.

It's reasonably easy to do this with Stripe today, there's no reason you have to send a "charge" their way until it's accumulated enough to be worthwhile.

Re: Inside Stripe

#68

Post by kingnothing »

This is completely off topic for the business model, but how do you like the orange Embody chair in the last picture? It looks like the fabric is getting dyed from jeans, but other than that, how is the actual chair?

Re: Inside Stripe

#69

Post by jc123 »

What is it about Stripe that is taking Google and Paypal a long time to imitate? Article mentioned api took tons iterations and stringent auditing, but the api is now known and auditing established companies should be relatively faster. It seems unlikely that the first mover advantage will allow enough time for Stripe to make a dent in the market. Flying under the radar longer might be better, but congrats to the team for all the accomplishments.

Re: Inside Stripe

#70

Post by patrickk »

westiseast wrote: post #67
pc wrote: post #55

Earlier quoted context omitted.

Sorry, we can't give a timeline. I wish we could.

I wish you could too! What's stopping you right now?

There's undoubtably tons of red tape for them to navigate whenever they enter a new territory. See the linked article for the hassle they had in the States.

They also tried setting up in Ireland originally but some Irish banker pretty much laughed them out of the room by the sound of things when they had a meeting. Is there any wonder why the US is a more fertile environment for entrepreneurship?

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