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Stripe Corporate Card

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Re: Stripe Corporate Card

#81

Post by dbbk »

grey-area wrote: post #72
aquark wrote: post #64

Nice, I assume this give Stripe the ability to shortcircuit Visa/MC on a payment between a Stripe card and Stripe as the processor and capture more of the revenue without needing to share it.

Yep, Stripe are also investors in Monzo. This is the obvious long term play and there is no way the incumbents can keep up. It would also allow massive innovation in payments too. Visa and mastercard should be very worried about being displaced.

How is Monzo related? They’re still a bank and still use MasterCard.

Re: Stripe Corporate Card

#82

Post by dantillberg »

yandie wrote: post #77
icebraining wrote: post #69

Earlier quoted context omitted.

I never had a corporate CC, so I'm curious: do those rewards count as personal income for tax purposes?

No. CC points are not taxable if earned via spending - they're like rebates for spending so they are not taxed. For the same kind of points (Chase Ultimate, for example), you are taxed if earned via: * Referrals * Opening an account (i.e. Chase checking account) * Other non-spending activities

But if the business spends $100 and the rebate is $2, but I personally pocket the rebate instead of giving the money back to the business, wouldn't that $2 become taxable personal income? (and perhaps also theft, depending on my relationship to the business?)

Re: Stripe Corporate Card

#83

Post by throw03172019 »

woodhull wrote: post #70

How do the Partner Benefits work? Are they only valid if we are not an existing customer of the partner, or is it for any spend with those vendors we put onto the card? Do we work with the Partner to get that discount or is it automatically applied on the Stripe side while processing charges we make to the card?

I’m fairly certain that a majority of the “X months free” offers are for new customers only.

I’m not sure about the AWS credits. Has anyone ever stacked them? (I’m sure AWS locks us to one per account since it goes through a review process)

Re: Stripe Corporate Card

#84

Post by DanFeldman »

AlphaWeaver wrote: post #27

The thing that sticks out to me as a core differentiator here is the "real-time expense reporting" feature. It looks like it allows employees to SMS a receipt the moment they make a transaction and it'll automatically match it. That's a marked improvement compared to how serious of a pain point expense reporting is for so many employees.

FWIW, Brex also offers this. I use my corporate card and immediately get a text reminding me to snap a picture of the transaction.

However, it almost never correctly identifies the transaction on the card and pings me immediately with another text "Could not match a transaction". I usually just ignore that though.

Re: Stripe Corporate Card

#85

Post by mikepurvis »

Silhouette wrote: post #54
Scirra_Tom wrote: post #37

Earlier quoted context omitted.

"The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, MasterCard, and numerous financial institutions that issue payment cards. The suit was filed due to price fixing and other allegedly anti-competitive trade practices in the credit card industry." Another area where giving freedom to these…

Sometimes the EU can be a bit too strong on consumer rights. For example, while charging excessive "processing fees" for accepting payment by card was a common scam, cards often do cost more to process than various other forms of payment here, and under the EU's latest PSD rules all surcharges for card use have been banned, even those that really did only cover the additional cost of the transaction.

I'd rather they err on the pro-consumer side, to be honest. I doubt those big banks and credit card companies will struggle to fight this and make their case for the appropriate exemptions if their scenarios warrant them.

Re: Stripe Corporate Card

#86

Post by jacquesm »

grey-area wrote: post #72
aquark wrote: post #64

Nice, I assume this give Stripe the ability to shortcircuit Visa/MC on a payment between a Stripe card and Stripe as the processor and capture more of the revenue without needing to share it.

Yep, Stripe are also investors in Monzo. This is the obvious long term play and there is no way the incumbents can keep up. It would also allow massive innovation in payments too. Visa and mastercard should be very worried about being displaced.

This card is a Visa card. I don't think Stripe is close to replacing them. Not by a very long distance.

Re: Stripe Corporate Card

#87

Post by elithrar »

patio11 wrote: post #68
hkchad wrote: post #52

Earlier quoted context omitted.

Is this card tied to an individual or the company? We use Amex and it's tied to individuals so when that person leaves we have to do the dance of migrating the payment to another person. Can we avoid that w/ stripe?

You can have named users or you can have (conceptually) a role account, like saas_subscriptions@example.com. We recommend businesses set up the latter for recurring purchases on e.g. infrastructure that aren't tied to a particular person, for the same reasons that you don't want your logins for all of your SaaS or infrastructure to be under individuals' email addresses.

That feels like a headline feature - cards not being tied to specific humans at the org is great for the (SaaS/IaaS/Cloud) reasons above.

The 1:1 person:credit-card mapping for those without invoice billing will continue to cause chaos for smaller orgs when people leave or cards are lost.

Re: Stripe Corporate Card

#88

Post by Silhouette »

gzer0 wrote: post #57
jbverschoor wrote: post #15

Earlier quoted context omitted.

Let’s say you have an issue because stripe suddenly you’re business is fraudulent (read: you got great coverage on HN and suddenly have 1000 extra customers) Stripe flags you and blocks your account. Done. Now your income and money to spend depends on their customer service. Many people have had the same with PayPal, and some with regular banks. So yes, take the card, but also take 5 other cards.

Stripe has been receiving a suspicious amount of praise from HN. Really beginning to wonder if this is all organic at this point. Obviously lots of employees in the comments which they are not hiding that fact. But still makes me want to dig deeper than the surface (as everyone should).

Stripe almost always receives a lot of praise from HN. That makes perfect sense: it's a YC success story, but more than that, it's a service many of us can relate to, it's a service many of us use or have used ourselves, and probably quite a few of us have been here from its early days and watched it grow.

That doesn't mean the near-universal praise is always justified, of course. The Stripe of today is to some extent a victim of its own success, and the clean API, excellent documentation and first rate customer service that it was famous for in its early days are all sadly shadows of their former selves today.

That in turn doesn't mean Stripe is bad relative to its competitors, of course. It's just not as good as it used to be.

Re: Stripe Corporate Card

#89

Post by lotsofpulp »

grey-area wrote: post #72
aquark wrote: post #64

Nice, I assume this give Stripe the ability to shortcircuit Visa/MC on a payment between a Stripe card and Stripe as the processor and capture more of the revenue without needing to share it.

Yep, Stripe are also investors in Monzo. This is the obvious long term play and there is no way the incumbents can keep up. It would also allow massive innovation in payments too. Visa and mastercard should be very worried about being displaced.

Visa might be the best business model ever made, I don't think it's going anywhere soon.. Extremely high barrier to entry, extremely low marginal costs, infinite scalability.

Re: Stripe Corporate Card

#90

Post by Nextgrid »

dbbk wrote: post #81
grey-area wrote: post #72

Earlier quoted context omitted.

Yep, Stripe are also investors in Monzo. This is the obvious long term play and there is no way the incumbents can keep up. It would also allow massive innovation in payments too. Visa and mastercard should be very worried about being displaced.

How is Monzo related? They’re still a bank and still use MasterCard.

When a Monzo card is processed by Stripe they can cut-out the middleman (MasterCard) and directly settle the payment between themselves.
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