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With a domain like “honest.cash” what’s not to love?

• briandear 8y ago
  This is being downvoted however the irony is clear: this business seems to be a magnet for fraudulent transactions, so “honest” is a bit funny to me. I have been with Stripe since 2010 and have processed thousands of transactions with only two or three fraudulent transactions during that time period, this company is open five minutes and has to go to pretty strict lengths to combat fraud. It seems like that is a type of business that Stripe is better off not serving. The higher costs for serving those types of businesses means higher costs for everyone else who aren’t working in high-risk areas. Perhaps Stripe could have a higher fee tier for higher risk businesses — such as a 10% fee, but given that payments are such a compliance nightmare, even that doesn’t seem like a good idea. However, thinking outside the box, it seems that the person who wrote the article might have stumbled on his next startup: Stripe for high risk startups. If the current market isn’t meeting defined needs, create a company to meet that need. If such a company doesn’t seem viable, then who could blame Stripe for not wanting to assume similar risk?
  • detaro 8y ago
    It's not their domain, it's a blogging platform they use.