1.5% for a 2 day loan is an APR of what? More than 270%.
When you're competing with payday loans, it makes sense to price the product similarly...
Stripe increasing "instant payout" fees by 50%
91–100 of 109 posts
Re: Stripe increasing "instant payout" fees by 50%
#92Earlier quoted context omitted.
The current title is fine. It’s a 50% increase (unambiguously), or a 0.5 percentage point increase (also unambiguously).
Using percentages as means of manipulating the masses has always been a thing. "There has been a 1000% increase in traffic deaths this year, we must do something!" Ah yes, we went from 1 death per year to 11 because there was a fatal bus accident, surely we need to do something.
What you say is true, but does not really apply here.
Re: Stripe increasing "instant payout" fees by 50%
#93Earlier quoted context omitted.
lets run away from math if it sounds bad!
Ok so if something previously was free and now costs 1c per transaction, you would think "Stripe increasing price infinitely" would be a good title? Just because it is true that doesn't make it a good title. A good title should create a realistic expectation of the article content.
Congratulations, you’ve identified a misleading statement that has nothing to do with the present situation.
Re: Stripe increasing "instant payout" fees by 50%
#94Earlier quoted context omitted.
In many countries (including most states in the US), comingling funds between users is how you go to "jail" as it is usually a criminal offense. see: Money Transmission laws
That by itself is not commingling. Money is fungible, and https://en.m.wikipedia.org/wiki/Float_(money_supply) is a well established and widely used concept.
If you send another person’s money to a different person, they effectively came from the same account and are therefore commingled. Your money is fungible, other people’s is not (unless you are a bank).
Some states have laws against floating, some do not.
Re: Stripe increasing "instant payout" fees by 50%
#95Stripe will nickel and dime you to death. The last time I created an invoice manually it tried to upsell me on a far more expensive plan just so I can group things on an invoice. Even worse, adding a recurring product to a quote results in an upsell. It’s honestly embarrassing. Feature-gating things with 0 marginal cost feels desperate.
welcome to every business in america.
Businesses want value-based pricing on their sales, cost plus (a small) margin on their expenses.
Re: Stripe increasing "instant payout" fees by 50%
#96Stripe will nickel and dime you to death. The last time I created an invoice manually it tried to upsell me on a far more expensive plan just so I can group things on an invoice. Even worse, adding a recurring product to a quote results in an upsell. It’s honestly embarrassing. Feature-gating things with 0 marginal cost feels desperate.
welcome to every business in america.
Yes. Moreover, the goal of most of the companies. Competition is what holds it.
Re: Stripe increasing "instant payout" fees by 50%
#97That isn't the title of the page and a great illustration of why we should always speak in percentage points or real numbers. "Shark attacks increase by 300%" (from one to four) is a textbook example of a tabloid headline.
It's impossible to talk about real numbers in this case of course, and speaking strictly about percentage points or bips doesn't capture the thrust of the change (or situate it accurately vis a vis stripe's continual fee inflation, i.e. see elsewhere others' comments ~"stripe has been nickel and diming us for years"). In an era where stripe has used its cache to capture certain business communities wholesale and then ratcheted up pricing in ways you wouldn't expect outside of a monopoly player IMO, I think it's helpful to be super clear about the relative change rather than absolute change.
Re: Stripe increasing "instant payout" fees by 50%
#98Earlier quoted context omitted.
That is what a 50% increase means.
Percent increases are kind of a weird metric in a lot of cases. This is one of them. It's not particularly informative.
If you are a stripe user, it tells you exactly by how much you can expect your fees to increase =)
Re: Stripe increasing "instant payout" fees by 50%
#99Earlier quoted context omitted.
I can't see where the original post links to, but if what the commenter said is true, you got banned not for "not supporting Israel" but instead for "supporting the slaughter of 200 teenagers".
Well, yes. That's how this works. In politics, nobody ever says they are punishing you for $obviously_insane_thing_to_punish_someone_for - they make a more plausible excuse to accuse you of. That woman arrested in Russia for holding a blank sign wasn't arrested for holding a blank sign - she was arrested for attempting to destroy Russia or something like that. But this is too far off-topic. The point is, that was evi…
Can you share a link to it in one of your comments or your profile?
I mean, don't know if your post was an external link where you explained the issue, or if the explanation was directly embedded in HN, but currently I don't know what SE is retaliating for, and I'd like to be able to know
PS: Nevermind, I noticed I can enable "showdead" in the HN settings.
Doing so still keeps the URL hidden, but at least it reveals that the flagged post was pointing at immibis.com , so you can find the context there. (It seems to be the post from 2024 May 7th)
Re: Stripe increasing "instant payout" fees by 50%
#100That isn't the title of the page and a great illustration of why we should always speak in percentage points or real numbers. "Shark attacks increase by 300%" (from one to four) is a textbook example of a tabloid headline.
It's impossible to talk about real numbers in this case of course, and speaking strictly about percentage points or bips doesn't capture the thrust of the change (or situate it accurately vis a vis stripe's continual fee inflation, i.e. see elsewhere others' comments ~"stripe has been nickel and diming us for years"). In an era where stripe has used its cache to capture certain business communities wholesale and then…
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