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This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external customers that link against their own, external accounts, right? I ask because the webhook that Stripe fires at purchase time is fantastic, and you could build some great things if their API gave you access to authorized real-time purchase data for customers. This doesn't appear to facilitate that though. Does anyone know of an API that would allow a Credit Card user the ability to grant real-time webhooks to a 3rd party as they swipe their card? The closest I've ever found would be setting up spending email spending alerts (that certain banks allow), and then forwarding the emails to said 3rd party. It's clunky, and would only work with a few banks. Something like this issuing API would work if Stripe allowed you to issue a card that was linked to a customer's existing card/account. They'd basically be saying, "If I swipe _this_ card that you sent me, I'm agreeing to let you get notified." The other way I've considered would involve creating your own bank and issuing your own cards, but that's real work on both the developer and the customer's part :)

lachyg 8y ago
(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions though: (1) Could users approve things in real time? Sort of. We provide the ability (as you noticed) through API, but it needs to be responded to in < 2s, which means it's not possible for a human to be in the flow. (2) Could this be linked to an external bank account? Again, sort of. To get in the weeds: as soon as we approve an authorization, we're on the hook for those funds. A debit to an external balance (or bank account) may fail and Stripe would be on the line. This is why we typically require funds to be in a Stripe account prior to purchases taking place.
- ryanworl 8y ago
  Regarding 2), can Stripe Connect be used with Issuing? If each user of a Connect app just had their own Stripe account with their own balance, that sounds a lot simpler (for the developer).
  - lachyg 8y ago
    Yes!
    - Immortalin 8y ago
      So we can build an e-wallet service with Stripe Connect? If so, I would love to get in touch to discuss more!
- ryanmarsh 8y ago
  or a platform that needs to purchase goods in the real world So like Shipt or Postmates?
- ryandrake 8y ago
  As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.
  - miketery 8y ago
    Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.
    - VectorLock 8y ago
      I've wanted something like this for a long time as well. The ability to generate and discard one-off card numbers. Much less worry about those card numbers leaking, unauthorized transactions, etc.
jdc0589 8y ago
> Does anyone know of an API that would allow a Credit Card user the ability to grant real-time webhooks to a 3rd party as they swipe their card? Galileo and Pex already support basically the same stuff as Stripe Issuing. It's nice to have this option within the Stripe ecosystem though. If you use stripe and an existing 3rd part to do this there are bank transfers involved to get funds from one place to the other. https://galileoprocessing.com/ https://galileoprocessing.com/ https://www.pexcard.com/ https://www.pexcard.com/
- paloaltokid 8y ago
  If you’re looking for real-time API hooks, as far as I know only Marqeta has this offering.
tropshop 8y ago
I've been a mint user and YNAB customer with all bank accounts linked, but neither turned out to capture me. I've had some interesting ideas and conversations about budgeting and influencing purchase habits, so I looked into getting access to a real-time transaction log. I started on your same path, email alerts per bank, but then found it was possible to jump up a level to the payment network using Visa Purchase Alerts. I signed up the alerts to an automated inbox that parses the content for the transaction name, location, amount, and last4. It's working with the first four credit cards I have tried, and I receive the notice generally within seconds. This works out well for a product targeting U.S. credit card debt. Hopefully MasterCard will follow suit, which is then potentially 100% market coverage, if you can convince a user to signup with an email address of your service.
paloaltokid 8y ago
Yes, Marqeta provides this - they call it JIT funding.
- semerda 8y ago
  Yeah with $1m commitment over the next 12m lol.

lachyg 8y ago

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions though: (1) Could users approve things in real time? Sort of. We provide the ability (as you noticed) through API, but it needs to be responded to in < 2s, which means it's not possible for a human to be in the flow. (2) Could this be linked to an external bank account? Again, sort of. To get in the weeds: as soon as we approve an authorization, we're on the hook for those funds. A debit to an external balance (or bank account) may fail and Stripe would be on the line. This is why we typically require funds to be in a Stripe account prior to purchases taking place.

ryanworl 8y ago
Regarding 2), can Stripe Connect be used with Issuing? If each user of a Connect app just had their own Stripe account with their own balance, that sounds a lot simpler (for the developer).
- lachyg 8y ago
  Yes!
  - Immortalin 8y ago
    So we can build an e-wallet service with Stripe Connect? If so, I would love to get in touch to discuss more!
ryanmarsh 8y ago
or a platform that needs to purchase goods in the real world So like Shipt or Postmates?
ryandrake 8y ago
As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.
- miketery 8y ago
  Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.
  - VectorLock 8y ago
    I've wanted something like this for a long time as well. The ability to generate and discard one-off card numbers. Much less worry about those card numbers leaking, unauthorized transactions, etc.

jdc0589 8y ago

> Does anyone know of an API that would allow a Credit Card user the ability to grant real-time webhooks to a 3rd party as they swipe their card? Galileo and Pex already support basically the same stuff as Stripe Issuing. It's nice to have this option within the Stripe ecosystem though. If you use stripe and an existing 3rd part to do this there are bank transfers involved to get funds from one place to the other. https://galileoprocessing.com/ https://galileoprocessing.com/ https://www.pexcard.com/ https://www.pexcard.com/

paloaltokid 8y ago
If you’re looking for real-time API hooks, as far as I know only Marqeta has this offering.

tropshop 8y ago

I've been a mint user and YNAB customer with all bank accounts linked, but neither turned out to capture me. I've had some interesting ideas and conversations about budgeting and influencing purchase habits, so I looked into getting access to a real-time transaction log. I started on your same path, email alerts per bank, but then found it was possible to jump up a level to the payment network using Visa Purchase Alerts. I signed up the alerts to an automated inbox that parses the content for the transaction name, location, amount, and last4. It's working with the first four credit cards I have tried, and I receive the notice generally within seconds. This works out well for a product targeting U.S. credit card debt. Hopefully MasterCard will follow suit, which is then potentially 100% market coverage, if you can convince a user to signup with an email address of your service.

paloaltokid 8y ago

Yes, Marqeta provides this - they call it JIT funding.

semerda 8y ago
Yeah with $1m commitment over the next 12m lol.