3 ms·
(I work at Stripe, on Atlas.) We're building Stripe to be useful to anyone building internet businesses. This occasionally is a balancing act; we are a regulat
by patio11 8y ago
(I work at Stripe, on Atlas.)
We're building Stripe to be useful to anyone building internet businesses. This occasionally is a balancing act; we are a regulated financial institution and we do have commitments to partners, and sometimes this means that we can't support entrepreneurs who we'd otherwise like to support. We attempt to build products to allow entrepreneurs to innovate inside the system, like Stripe Atlas (which, among other things, lets users get on good financial rails even if good financial rails are not abundant in the area they happen to live) or Stripe Connect (which allows entrepreneurs to build complicated use cases for moving money around in commerce without having to themselves become e.g. a regulated money services business).
We also attempt to advocate zealously for good entrepreneurs within the constraints of regulations and partner requirements. One example: it's surprisingly difficult to accept money for selling alcohol. That's a perfectly legitimate business, and so we've worked with several companies (like e.g. 750 Commerce, which makes wine order management software, for wineries) to get them access. We have some representative examples of the types of exceptions we fight for here: https://stripe.com/blog/why-some-businesses-arent-allowed https://stripe.com/blog/why-some-businesses-arent-allowed We're working constantly to get good companies supported and to help regulators and the financial industry understand that they can have their concerns met while saying yes to more entrepreneurs more quickly.
I'm happy to discuss your specific use cases privately if you'd like; my email is patio11@stripe.com. (Offer open to anyone; I'm always happy to talk to HNers.)