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Samwers Clone Stripe

paymill.de

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Re: Samwers Clone Stripe

#81

Post by matthewowen »

mbesto wrote: post #49
stef25 wrote: post #43

Earlier quoted context omitted.

> The founders don't have the local knowledge and contacts to get through the regulatory hoops involved in launching a new payment gateway in dozens of countries With the millions of dollars these companies get from investors you'd think they could hire local knowledge to figure it out for them.

And how do these founders know/trust local knowledge? Imagine trying to deal with an Eastern European market or Middle Eastern market, where bribes ("legal" and illegal) are necessary. How do you know you're not getting ripped off?

But this clone is in Germany. The fact that some countries are difficult to do business in doesn't mean that all countries outside the USA are difficult to do business in.

Re: Samwers Clone Stripe

#82

Post by biesnecker »

gadders wrote: post #75
niyazpk wrote: post #30

Earlier quoted context omitted.

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

Those difficulties and processes would be the same for Stripe as Samwers.

Yes, but they're each just trying to do it in a single country. It's a PITA to set up a payment gateway _anywhere_, but when you try to do it in multiple locations simultaneously it just becomes exponentially harder.

Re: Samwers Clone Stripe

#83

Post by GFischer »

arkitaip wrote: post #58
JCB_K wrote: post #37

Earlier quoted context omitted.

Funny that all 3 companies you mention are money-related, which is a tough nut to crack in most countries. There's so many rules and regulations which all differ from country to country that I think it's quite understandable for companies like these to focus on 1 country first. BTW, obviously all startups handle money in some way, but for these 3 it's a bit more complicated, as they're providing financial services to…

The challenges that finance related startups face on a global market are complicated and costly but to me the underlying problem is how startups are organized in the first place. You have a small team, often located in the valley or major US city, that expects to spend years working on developing their business model, product and infrastructure. Even if they are fabulously funded all efforts seem to be US centric bec…

You need to have found a viable business model, AND convince someone to partner with you, instead of cloning you - though it sounds reasonable that they would if you already have the infrastructure set up.

That said, it is an interesting idea, I know of at least one startup founder that's trying to do just that.

Re: Samwers Clone Stripe

#84

Post by dudurocha »

I would love a Stripe Clone in Brazil. It's really annoying and expensive to set up payment in web apps here in brazil.

Somebody knows what would take to clone a startup like these? Besides money?

Re: Samwers Clone Stripe

#85

Post by mhd »

_delirium wrote: post #60
mhd wrote: post #55

Earlier quoted context omitted.

Money transfers within the EU have to cost the same as transfers within the countries themselves, by law (for transactions smaller than 50k Euro). And we're talking mostly direct bank transfers here, not something like Western Union. In Germany, your ATM card is basically always a direct debit card that gets accepted anywhere (causes the shops lower fees than credit cards), so that takes care of one part of the Visa/…

As a minor correction, the EU law on fees only applies to Euro-denominated accounts. I was somewhat unpleasantly surprised that I was charged significantly higher fees when I transferred some money from a EUR account in a Eurozone country to a DKK account in Denmark, since that case doesn't fall within the regulation. Within the Eurozone, however, it's quite nice.

Yes, under 50k Euro and in Euro, should've said that a bit more clearer.

Those foreign currency fees can be a bit tricky, even for credit cards. I've got two MasterCards, one of them adds a 1% fee if it isn't in Euro, the other doesn't (well, I got it exactly for that reason).

Re: Samwers Clone Stripe

#86

Post by r3m6 »

rmoriz wrote: post #50
mbesto wrote: post #48

Earlier quoted context omitted.

Groupon took your advice and (in my opinion) has contributed to their poor numbers. The problem is that when an established US company looks to expand, those countries tend to put a premium on expansion there. For example, if Groupon expands to the UK, sales people will ask for more money up front and put a premium on "acting faster". Oh, and pretty much what everyone else mentioned... It's extremely difficult for an…

Facebook didn't do the mistake of buying the local German copycat (StudiVZ). StudiVZ is now dead.

haha....actually they DID want to buy StudiVZ :-)

But the VZ owner, Holtzbrinck, did not want to sell at this time. Obviously a huuuuge mistake in hindsight. Only after that refusal FB started to sue VZ.

Re: Samwers Clone Stripe

#87

Post by grasuxxxl »

dmix wrote: post #80
Ecio78 wrote: post #70

Earlier quoted context omitted.

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

Thats a dangerous strategy for such an early stage startup. They need to validate their business THEN expand. Which is what they are doing now... Stripe just started beta testing internationally.

Can you provide a link where there is information about the international beta testing?

Re: Samwers Clone Stripe

#89

Post by mhd »

Ecio78 wrote: post #64
mhd wrote: post #45

Earlier quoted context omitted.

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...

Italian banks don't exactly have a stellar reputation, maybe paying the fines is cheaper than upgrading the software?

Re: Samwers Clone Stripe

#90

Post by dmix »

grasuxxxl wrote: post #87
dmix wrote: post #80

Earlier quoted context omitted.

Thats a dangerous strategy for such an early stage startup. They need to validate their business THEN expand. Which is what they are doing now... Stripe just started beta testing internationally.

Can you provide a link where there is information about the international beta testing?

http://news.ycombinator.com/item?id=4345913
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