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(I work on Issuing.) The cards draw from a Stripe balance, which can be funded from a connected bank account (or ordinary Stripe charges).
by lachyg 8y ago
(I work on Issuing.)
The cards draw from a Stripe balance, which can be funded from a connected bank account (or ordinary Stripe charges).
- ryanworl 8y agoThanks. Is there any documentation available on this? I can't find how a card is connected to specific bank account.
- lachyg 8y agoDocs: https://stripe.com/docs/issuing https://stripe.com/docs/issuing Cards draw from a Stripe balance (which is funded by payments that go through Stripe (or top-ups).)
- mathnmusic 8y agoWill this be launched worldwide? If not, which countries in the first phase?
- lachyg 8y agoWe're starting out in the U.S., but have a number of other markets in-flight. Please let us know about your use case on the invite form (https://stripe.com/issuing https://stripe.com/issuing) — that'll help us prioritize where to go next :)
- ckdarby 8y agoI have reached out, just now, please begin the discussions with us asap because we are in the middle of going with Emburse and would consider this instead.
- lachyg 8y agoEmburse are great! They provide far more in the way of user a user experience to set controls, manage budgets, etc. We'd highly encourage going with them! (Stripe Issuing is an API-first product -- if you want to build software like Emburse, we would be more suitable.)
- rogergu 8y agoRoger from Emburse here. We're built on top of Stripe :D
- ghbat 8y agoComdata?
- ckdarby 8y agoWe would be entirely API used for QA automation. Looked through the docs and meets the same needs that Emburse meets.
- lachyg 8y agoGreat use case! If you fill in the form at https://stripe.com/issuing https://stripe.com/issuing (or email me at lachy@stripe.com) we'll get back to you soon.
- praveenperera 8y agoIf I use my normal VISA card at a retailer they pay an interchange fee right? If I create a physical card through stripe, and I use that card at a retailer does the retailer still pay a interchange fee? If so who does that go to? How does that system work?
- pbreit 8y agoNormal interchange would apply to the merchant but for debit cards it's pretty small. Interchange accrues to the issuer which in this case appears to be Stripe (and/or its issuing partner).
- pc86 8y agoWhy would the interchange fee be any different or get paid to anyone else in this instance?
- mnehring 8y agoHey Lachyg - it seems that this is designed party to allow companies to issue cards on behalf of their customers. Is there a way to draw the funds directly from the customer's checking account? Potentially being on the hook for a charge if something goes funky with the customer seems like a big risk for the Stripe Issuing user. Also, my understanding of payments is that the issuing bank is a big recipient of the fees that merchants pay. (This is of course what makes rewards cards possible.) In this case, Stripe is the issuing bank, so presumably gets a big chunk of the fees. Are there plans to share that with the Stripe Issuing developer? (For example, let's say I plan to launch the Zip Line Adventure Bonus Card - ZLABC. For every dollar a ZLABC customer spends, they get a point, and after 10,000 points I pay for them to go on a zip line adventure at a partner park. As a normal bank, I could fund that because I get somewhere in the 1%-2% of each transaction that my customer spends. In this case, Stripe gets it, but if Stripe shares some of that with me, I could find my wacky wimpy rewards card idea.)