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Samwers Clone Stripe

paymill.de

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Re: Samwers Clone Stripe

#61

Post by ErrantX »

phereford wrote: post #40
Gring wrote: post #31

Earlier quoted context omitted.

Why? It's just some contracts and APIs. And it doesn't explain all those other startups that deliberately limit themselves (and then later have to buy local clones because they did not expand quickly enough).

It's more than just contracts and APIs. It's ensuring that your practices follow that specific country's rules and regulations. Every country has a different set of regulations for handling money. The US has something called PCI compliant and I would assume that every other country has something similar but with a different subset of rules.

In the UK it is called PCI compliance :)

(a lot of the relevant standards are now international in nature)

Re: Samwers Clone Stripe

#62

Post by charlesdm »

rmoriz wrote: post #5

Looks like they're a PHP shop and only offer PHP client libs yet. Seems they didn't even understand the message Stripe has in kinds of developer focus. Also: Why would I use a payment service of the biggest copy cat company in the country ? To deliver them my revenue numbers on a silver plate so they can decide if they should "enter my market"? They don't even openly publish the upcoming fees and just want you to "ve…

I want European credit card billing _NOW_. Sadly, the only support german companies it seems. :-(

Re: Samwers Clone Stripe

#64

Post by Ecio78 »

mhd wrote: post #45
lacerus wrote: post #36

Earlier quoted context omitted.

Direct debit and instant wire transfer are very big in Germany. Many places, especially supermarkets, do not even accept any credit cards but only debit cards. Our checking accounts have evolved very differently to the US - nobody has been using cheques here for years, even before the internet is was all debit and wires.

And starting this year, due to an EU law, they have to reach the target institute the next business day, so it's quite convenient and cost-effective.

Yet i'm still tryin to understand why an international bank wire transfer without currency exchange (EUR -> EUR) and within UE (actually from Switzerland to Italy), is taking one week or more to arrive...

Re: Samwers Clone Stripe

#65

Post by aquaphile »

There are _so_ many payment startups, so Paymill is the least of Stripe's worries. Just an ad-hoc list that have been recently funded:

Approve.io Ogone Zuora Recurly Stripe gocardless.com (Royal Bank of Scotland) blinkpay/blinksale (no funding) Buck (fka Billing Revolution) Gumroad Dwolla Braintree ZenCash WePay Bango Clover PayOne (fka PaymentOne) Isis (verizon, At&t, etc.) Fee Fighters' Samurai Bump Pay BeamIt LEaf Dynamics Corduro Paydici Jumio Paymetric MiCash HelloWallet iZettle Card.io PayLeap BluSynergy PayTap Payleven TraxPay MineralTree CurrencyCloud Square LevelUp ZipMark Paymill

Re: Samwers Clone Stripe

#66

Post by rmoriz »

white_devil wrote: post #57
rmoriz wrote: post #16

Earlier quoted context omitted.

because nothing works like a credit card. e.g. the popular direct debit payments can be charged back very easily + you just have to search for an valid account number (= fraud). The only payment method that works with recurring and more or less "final/instant" transactions is credit card. So there is no alternative for SaaS or in-app-payments to credit cards (or some direct debit risk mitigation business like paypal)

the popular direct debit payments can be charged back very easily + you just have to search for an valid account number (= fraud). This sounds highly doubtful. Care to explain?

in Germany, direct debit transcation currently need an account number and a bank id (BLZ). Or BIC/IBAN (see Wikipedia).

There is no validation except some nummerical tests. You can enter the number of some charity or your landlord when doing an order at e.g. Amazon.

To deal with that risk, every bank account holder has the right to chargeback transactions without giving a reason. That's why banks typically keep a lot of the money you invoice for a grace period of approx 6-8 weeks. And companies like Otto have their own credit check companies…

tl;dr if you instantly deliver items or services, direct debit is not safe.

Re: Samwers Clone Stripe

#67

Post by lowmagnet »

niyazpk wrote: post #38
Gring wrote: post #31

Earlier quoted context omitted.

Why? It's just some contracts and APIs. And it doesn't explain all those other startups that deliberately limit themselves (and then later have to buy local clones because they did not expand quickly enough).

>> just some contracts and APIs Again, you sound like a very optimistic person. :) In reality, contracts make forever to set up, and it's better not to talk about APIs from commercial banks. Whenever monitory transactions are involved, you will have to confirm to a huge amount of regulations and conditions to meet which you will have to get involved with even more bureaucracy. Coming from India, I am sad to say that…

It takes us about a week to get another account established in the target currency and set up an account with our payment vendor to take orders in that currency.

Translating the site to the target country takes longer than establishing another currency.

Re: Samwers Clone Stripe

#69

Post by arrrg »

eddie_the_head wrote: post #44
lacerus wrote: post #36

Earlier quoted context omitted.

Direct debit and instant wire transfer are very big in Germany. Many places, especially supermarkets, do not even accept any credit cards but only debit cards. Our checking accounts have evolved very differently to the US - nobody has been using cheques here for years, even before the internet is was all debit and wires.

Are the wiring rates low, relative to other countries around Germany or otherwise? How are wire rates for wiring money from say the UK? Who are the primary wire transfer companies in use in Germany? Thank you for your time.

Wire transfers inside the EU cannot – by law – cost more than wire transfers inside an EU country (at least if you are transferring Euros).

In the case of my (free and completely standard) account that’s exactly zero Euro for every wire transfer. (You cannot transfer more than €50,000 and, as I already said, only Euro.)

Wire transfers are a very common way to pay for stuff in Germany and it’s very easy to get accounts that have free wire transfers. I would even speculate that most banks offer free wire transfers (I would at least be surprised if a bank told me that I have to pay for wire transfers) but I can’t be sure about that.

You are not using wire transfer companies in Germany, you just tell your bank the amount, name, account number (IBAN if it’s going outside of Germany), bank name and number (SWIFT-BIC if it’s going outside of Germany) and purpose of the wire transfer and you are all set.

Re: Samwers Clone Stripe

#70

Post by Ecio78 »

niyazpk wrote: post #30
Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

You are vastly underestimating the effort required in setting up a payment gateway in a country.

But if you are Stripe and you get millions in investments ( i.e. http://techcrunch.com/2012/07/09/sexy-payments-startup-strip... ) you can afford to hire specific european nation experts, lawyers etc.. to get into these markets quickly
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