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Samwers Clone Stripe

paymill.de

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Re: Samwers Clone Stripe

#91

Post by yesimahuman »

rmoriz wrote: post #27
tzaman wrote: post #24

Earlier quoted context omitted.

Yeah, but the problem is you still need a gateway, whereas with Stripe/Paymill, everything is included. Luckily, Braintree now supports EU as well.

You want a local, independent gateway and acquirer anyway (same jurisdiction, language, support…) which both Spreedly.com and Recurly.com support with http://www.WireCard.com/ In bad circumstances you don't want to lose all your payment infrastructure e.g. if paymill or stripe go out of business/have issues. That's why dealing with 2 parties may look odd but in the end it is worth the effort. If you have problems pay…

If Stripe were to go out of business, it wouldn't really impact your use of Spreedly. They just charge the gateway, not store information there, so it's not a big deal.

Re: Samwers Clone Stripe

#92

Post by mikegirouard »

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.

I can't reply to the child comment, but this is also relivant: http://news.ycombinator.org/item?id=4376193

The post also mentions being a CA beta tester.

Re: Samwers Clone Stripe

#93

Post by lobster_johnson »

phereford wrote: post #40
Gring wrote: post #31

Earlier quoted context omitted.

Why? It's just some contracts and APIs. And it doesn't explain all those other startups that deliberately limit themselves (and then later have to buy local clones because they did not expand quickly enough).

It's more than just contracts and APIs. It's ensuring that your practices follow that specific country's rules and regulations. Every country has a different set of regulations for handling money. The US has something called PCI compliant and I would assume that every other country has something similar but with a different subset of rules.

PCI [1] is actually an international industry standard that defines security practices for payment card processing. For example, it requires that your system is behind a firewall, that credit card numbers are stored securely, etc. Your system must be audited annually by a certified consultant. Stripe is -- presumably -- already compliant, since they already run a business that processes credit cards.

[1] http://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Secu...

Re: Samwers Clone Stripe

#95

Post by andygcook »

mmcnickle wrote: post #33
Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

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. I think there was an article on HN where someone was talking about how these kinds of startups (the ones with difficult regulatory barriers) are the only ones that you should consider cloning in other countries for this very reason.

I think this is the article you are referencing: http://bernardi.me/2012/06/startup-copycats-youre-doing-it-w...

And the original HN comment thread: http://news.ycombinator.com/item?id=4091462

Interestingly enough the first startup the author suggests should be cloned is Stripe.

Re: Samwers Clone Stripe

#96

Post by _stephan »

wulczer wrote: post #77
rmoriz wrote: post #51

Earlier quoted context omitted.

well. you could do your own invoicing if you're not satisfied with the pdf they generate. Stripe and Paymill don't do invoicing, too.

Ouch, that's a big minus from the point of view of an European company - not having to look for another app to generate invoices or futz around with generating your own was nice. The specific issue with Recurly that we had is that they silently changed their platform to perform VIES validation on all VAT numbers. While this makes sense for transactions with entities from outside of the merchant's country, validating…

Interesting. What are you replacing Recurly with?

Re: Samwers Clone Stripe

#97

Post by lobster_johnson »

rmoriz wrote: post #5

Looks like they're a PHP shop and only offer PHP client libs yet. Seems they didn't even understand the message Stripe has in kinds of developer focus. Also: Why would I use a payment service of the biggest copy cat company in the country ? To deliver them my revenue numbers on a silver plate so they can decide if they should "enter my market"? They don't even openly publish the upcoming fees and just want you to "ve…

> Looks like they're a PHP shop and only offer PHP client libs yet. Seems they didn't even understand the message Stripe has in kinds of developer focus.

The APIs are REST. You don't need a client library.

Re: Samwers Clone Stripe

#98

Post by kanamekun »

Gring wrote: post #28

I don't get it. Why do US net startups very often make the same mistake of not expanding into the whole world quickly? It took eBay something like 4 years to go to Germany, by which time there was a local clone there that proved to be uncatchable. The expensive result was that eBay had to buy the clone (Alando) for 43 million dollars to become relevant. Kickstarter is still US-only. Stripe as well. So are countless o…

Kickstarter is US-only because Amazon Payments is US-only (well at least, they only denominate payments in dollars).

Kickstarter's payment needs are pretty different from other crowdfunding sites, as the credit card is authed right away... but not charged until the project is funded AND the deadline is reached (up to 60 days). There are very few payment vendors that will hold a conditional credit card charge like that, and certainly not any that will hold off on charging the card for 60 days.

Amazon Payments recently announced that they are going to stop "boarding fresh crowdfunding accounts at this time," and also kicked book crowdfunder unglue.it off their payments platform. Amazon's explanation was that, "we have regulatory obligations as a licensed money services business for how we operate."

http://www.techdirt.com/articles/20120809/09213019977/amazon...

In order to expand beyond the US, Kickstarter needs to either wait for a major payments provider to support their unique payment requirements... or to build up their own international payments provider. It's hard enough building a startup; building a second payments startup is a huge additional endeavour.

In short: payments is often much harder than it seems. It's not just a matter of translation and miniscule expenses... there is real engineering work required to tap into international payments and understand how payments work on a country-by-country basis.

Re: Samwers Clone Stripe

#100

Post by shell0x »

Sure, startups & companies should operate worldwide, but the Samwer business model is really scummy. I could understand if they would build the clone with the background to avoid monopols, but they just try to fill a niche market with a stolen idea and make money with it. Just look at http://www.lazada.com.my/, an amazon clone for countries, where amazon doesn't operate(d) yet. They even use the same layout. I wouldn't say that cloning something is bad in general, if your main focus lies on the extension of an existing idea, but the Samwer brothers nearly copy the idea 1:1 without innovation and creativity and sell it to the mother company later. Thats a really bad motivation for the real entrepreneurs, who try to be innovative. Startups should really start worldwide, to avoid that these copycats make further money with their ideas.
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