Earlier quoted context omitted.
The end goal of every company doesn't have to be "get acquired by a major tech company".
It should almost NEVER be.
But unfortunately, it often is
Stripe Reader
91–100 of 141 posts
Re: Stripe Reader
#92Stripe makes none of the hardware that is currently available (the BBPOS Chipper™ 2X BT or Verifone P400). Not sure which processing platform they are riding atop of these days (perhaps Tsys?) but we maintain a separate First Data account and CardConnect integration since Stripe's support for certain BINs of business cards is lacking. Said banks expect a breakdown of what was taxable to be sent along with the transac…
The best thing about Stripe was they made payment processors move. By showing them what good looks like, by showing them there's value in creating an easier, modern platform - their competitors are missing out on a massive market of SMB's that won't care enough for the 1.5% difference in costs. Which is admittedly crazy, but there's a lot of people out there making purchasing and implementation decisions that don't r…
For an SMB, the 1.5% difference in costs could very reasonably be worth it over the extra time spent integrating with a different company.
I work for an online retailer and with Stripe we spend almost no time working on our payments infrastructure because Stripe handles so much of it. That's worth quite a lot to us! Also bear in mind that the 1.5% difference might be on the sticker price, but Stripe fees are negotiable and closer to industry norms at scale.
Re: Stripe Reader
#93I don't remember ever "swiping" a card and I'm in Brazil - in there any other market than US for this?
Re: Stripe Reader
#94I don't remember ever "swiping" a card and I'm in Brazil - in there any other market than US for this?
You say that as if "the US" isn't a big enough market to justify a product (swiping is pretty rare in the US as well though, EMV is pretty universal, and contactless is gaining ground quickly).
Re: Stripe Reader
#95I don't remember ever "swiping" a card and I'm in Brazil - in there any other market than US for this?
The last time I had to swipe a card in Belgium was in the 1990s. That was swipe-and-pin. At no point in my life have I ever had to sign a manual signature for a payment.
Lately contactless payments (with and without pin) have been gaining in popularity. Most payment terminals now support them. I'm sure there's a market for Stripe Reader in the US, but I can't imagine there being one over here. Unless they're a lot cheaper than the current providers; or they start accepting a lot more payment methods.
Re: Stripe Reader
#96It's been almost 3 years Stripe Terminal has been announced and still no announcement for an actual release in Europe.
As it was scheduled for the end of 2020 at the beginning, but "undefined" by now, it seems the Stripe teams encounter important difficulties.
After 5 requests to support, I'm sure they don't want to communicate clearly for a deployment in Europe, and this is hence a no go to choose Stripe as a payment solution to develop stuff like modern POS software. What a pity, I like Stripe so much...
Re: Stripe Reader
#97I don't remember ever "swiping" a card and I'm in Brazil - in there any other market than US for this?
The last time I had to swipe a card in Belgium was in the 1990s. That was swipe-and-pin. At no point in my life have I ever had to sign a manual signature for a payment. Lately contactless payments (with and without pin) have been gaining in popularity. Most payment terminals now support them. I'm sure there's a market for Stripe Reader in the US, but I can't imagine there being one over here. Unless they're a lot ch…
I signed on a LCD screen just a week ago in Germany for a card payment in Germany. It is surprising common here.
However, contactless payments are gaining popularity very fast here. Actually contactless in general in Germany is rising very rapidly. I think this is due to hygiene fears.
Re: Stripe Reader
#98I (almost) can't believe they didn't name it the Stripe Swipe.
On the other hand, being not in the US, swiping cards to read the actual magnetic stripe is really quaint and not something I do a lot of these days. And it would have been weird to name it for a minor/compatibility feature, I guess.
Re: Stripe Reader
#99I (almost) can't believe they didn't name it the Stripe Swipe. On the other hand, being not in the US, swiping cards to read the actual magnetic stripe is really quaint and not something I do a lot of these days. And it would have been weird to name it for a minor/compatibility feature, I guess.
Not to mention that “to swipe” has connotations of stealing as well.
Re: Stripe Reader
#100Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why. [1] https://usa.visa.com/about-visa/newsroom/press-releases.rele...
According to the video, it is end to end encrypted. So I could see it easier on PCI compliance if my phone never actually gets unencrypted credit card numbers.
Yeah, P2PE seems to be the way things are going to ensure easy PCI compliance.
https://www.pcisecuritystandards.org/assessors_and_solutions...