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The numbers quoted here[0] are soft and from a year ago, but at that time, Stripe claimed to handled handles tens of billions of dollars in internet transaction
by citrablue 8y ago
The numbers quoted here[0] are soft and from a year ago, but at that time, Stripe claimed to handled handles tens of billions of dollars in internet transactions annually. If you were doing 10+% of that, kudos to you!
[0 ]https://www.bloomberg.com/news/features/2017-08-01/how-two-brothers-turned-seven-lines-of-code-into-a-9-2-billion-startup https://www.bloomberg.com/news/features/2017-08-01/how-two-b...
- user5994461 8y agoThank you. We were doing rather well by some metrics. Enough for the CEO to pay his first jet and for the yearly profit to fill a swimming pool in $1 bill. Not that we did that last part. Humor aside. A few billions is actually fairly little for many businesses, remember that a typical margin is only a few percents of revenues (customer payments). A billion dollar company with a 1% margin can only afford 100 employees. You wouldn't be impressed if I told you that we were a 100 people company, would you? Competing payment providers and banks are dealing in orders of magnitude above Stripe.
- citrablue 8y agoI would be impressed if a company had 100 employees today and planned for exponential headcount growth (say, 50% growth per annum). And had taken $440 million in funding. And had a product that wiped the floor with the competition.* * YMMV, but for this dev, Stripe was a godsend.
- jjeaff 8y agoYa, for any dev, stripe is amazing. But for a CFO it's a money pit.
- user5994461 8y agoStripe is great for small websites in the US. It's disappointing for global payments and for high volume. I wish all developers here to outgrow Stripe.
- edwinwee 8y agoHrm, we accept payments globally in over 135 currencies and have special enterprise plans, like high volume pricing—but I'd love to hear more on what we should be doing better. Feel free to email me at edwin@stripe.com