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Stripe: Alipay support

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Re: Stripe: Alipay support

#61

Post by hunvreus »

turingbook wrote: post #60
hunvreus wrote: post #29

On a personal level, I'm very excited to know that I won't have to try and integrate Alipay in any of our products anymore. It's nightmare to deal with, even for our Chinese team. But for Stripe, it's a huge step forward into tapping in a massive market. Most Chinese people can't (or won't) use card to pay online; they simply have Alipay connected to their bank account or use prepaid cards. Good move Stripe.

Alipay API is that bad?

Let's just say it's not a pleasant experience, especially when you're used to things like Stripe.

Re: Stripe: Alipay support

#62

Post by saurik »

A question which no one has asked yet: what are the fees? Alipay charges a flat 3% while Stripe normally (for credit cards) charges 2.9%+$0.30. The variable cost to Stripe from a credit card processor is (of course) lower than 2.9% (so Stripe has a margin), 3% is (clearly) not (the fixed $0.30 only helping for small transactions). Will Stripe be charging more (variable, to have a margin) and/or less (fixed, to pass on the lack of a fixed interchange fee to customers) than its usual credit card processing fees when a customer is using Alipay? (An answer may also shine some light on whether Alipay is profit sharing with Stripe to get Stripe's support or if Stripe is being forced to charge on top of Alipay to get access to their users.)

Re: Stripe: Alipay support

#63

Post by rahimnathwani »

jpalley wrote: post #41

How does Stripe deal with the currency conversion? Is this tracked by Alipay on an individual level (i.e. so consumers can't spend more then the legal conversion amount of 50k USD)?

How is that annual 50k USD monitored/enforced now? If I have multiple bank accounts, will I be prevented from withdrawing a combined 50k from overseas ATMs?

Re: Stripe: Alipay support

#64

Post by acmemonument »

hunvreus wrote: post #61
turingbook wrote: post #60

Earlier quoted context omitted.

Alipay API is that bad?

Let's just say it's not a pleasant experience, especially when you're used to things like Stripe.

Have you found any documentation beyond what's linked to here http://stackoverflow.com/questions/7282133/alipay-intergatio...?

Re: Stripe: Alipay support

#65

Post by jhancock »

three questions:

1 - Will you handle micropayments (i.e. not rake 30 cents on top of 3%)? Alipay excels at this.

2 - Can some/all of the RMB sent to the Alipay account not get exchanged to USD and auto transferred to the Stripe account holder's bank account? This is a common use case to pay for China-side costs and not have RMB exchanged to USD and exchanged back to RMB to pay partners/vendors.

3 - Will you have servers inside China? If you don't you will need some incredibly fault-tolerant javascript and page load magic as some of your interactions with non-China servers will fail.

Re: Stripe: Alipay support

#66

Post by cristinacordova »

saurik wrote: post #62

A question which no one has asked yet: what are the fees? Alipay charges a flat 3% while Stripe normally (for credit cards) charges 2.9%+$0.30. The variable cost to Stripe from a credit card processor is (of course) lower than 2.9% (so Stripe has a margin), 3% is (clearly) not (the fixed $0.30 only helping for small transactions). Will Stripe be charging more (variable, to have a margin) and/or less (fixed, to pass o…

(I work at Stripe)

The pricing for Alipay transactions is the same for credit/debit card transactions: https://stripe.com/pricing

Re: Stripe: Alipay support

#67

Post by linklet »

rahimnathwani wrote: post #63
jpalley wrote: post #41

How does Stripe deal with the currency conversion? Is this tracked by Alipay on an individual level (i.e. so consumers can't spend more then the legal conversion amount of 50k USD)?

How is that annual 50k USD monitored/enforced now? If I have multiple bank accounts, will I be prevented from withdrawing a combined 50k from overseas ATMs?

It's connected with the citizen number and it's applied to personal currency exchange only.

I think you may ask for a higher limit but usually you just use family accounts.

Paying with a multi-currency credit card has nothing to do with this limit.

Re: Stripe: Alipay support

#70

Post by Acen »

Rabidgremlin wrote: post #52
pc wrote: post #7

Earlier quoted context omitted.

We'd be very happy to support PayPal in the same way. If any PayPal folks are reading, I'm patrick@stripe.com :-).

Any chance you be rolling out support for New Zealand... we sell heaps to China!

+1 NZ curiosity.
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