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You can't expect that Stripe doesn't expand their feature set. Seeing that there are hundreds of services built around stripe (https://stripe.com/works-with/typ
by philfreo 9y ago
You can't expect that Stripe doesn't expand their feature set. Seeing that there are hundreds of services built around stripe (https://stripe.com/works-with/types/stripe-extensions https://stripe.com/works-with/types/stripe-extensions) it's really expected that some of them will be cannibalized eventually.
Subscription billing has been in Stripe for many years... it's just been very weak until now. Totally makes sense for them to work on this and if you built a subscription billing company on top of Stripe you should have known it was only a matter of time before theirs got better.
- StefanPretty 9y agoOf course, I’m just saying to charge for it when they built their success on this is leaving a bitter taste... the community that made them are being pushed aside in favour of short term profit
- StefanPretty 9y agoThey’re also shooting themselves in the foot. They’re without a doubt less competitively positioned from a developer POV now. In my opinion. Even from a startup who isn’t technical. More percentages just get scary when you have people like Braintree keeping it simple... Also Stripe still rely on their partners to drive business to them at the end of the day. No denying that it’s a big part of their funnel. A startup looking at their offering cold now will just be confused as well. What even is it? Some people think it’s a checkout when it’s not. It’s just s slightly more advanced subscription api with a price tag. Also by cannibalising their partners will dry up their eco system. Chances are the partners do a better job as they’re focused on it. Can’t be perfect at everything. I’ll see what they have to say on the call I have with them tomorrow.
- StefanPretty 9y agoTo be clear there is no doubt it’s a sensible direction and a great product but charging for it is not IMO. Superior product will drive more business to them regardless. The market of payment gateways is competitive already. But congrats and good job Stripe. Just reconsider the pricing.