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I work at Stripe. This isn't really competitive with Square—very different customers.
by edwinwee 8y ago
I work at Stripe. This isn't really competitive with Square—very different customers.
- docker_up 8y agoI worked in payments. Respectfully, you really shouldn't be talking on behalf of Stripe. It's clear that a card present product, which I believe is new for Stripe, is in direct competition with Square. Even if right now it's not being marketed towards the same customer base as Square, it's clear that with a few tweaks of the app plus a change in the manufacturing process, you could easily create Square-like POS systems. Why would Stripe leave out such a huge, proven market when it's clear this product is a stepping stone towards full POS systems?
- briandear 8y agoYour average pizza shop isn’t going to build a POS.
- docker_up 8y agoNo, I meant Stripe will build it. It's not much different from what they just created.
- oculusthrift 8y agoyeah i don’t see how this isn’t obvious.
- csytan 8y agoCould you clarify? I'm guessing you mean.. Square: Small/individual merchants, Etsy style physical shops, trade shows, etc. Stripe: large retailers, grocery stores, stores with many locations etc.
- jjeaff 8y agoWhat large retailers are using stripe? The fees would be too high.
- spamizbad 8y agoI work in payments... I regret to inform you/proudly announce that you now compete with Square, just one-step removed.
- anontechworker 8y agoI work at Square for what it’s worth..I disagree. Stripe set out to create the perfect payments service. Square set out to create the perfect physical POS. The next logical step for both companies is to spread out in the market more. We’re going to bump heads sooner or later being in the same industry.