3 ms·
This is a really hard problem. You do not want to have to register as a bank or hire an expensive compliance team. Use Stripe.
by mjfl 8y ago
This is a really hard problem. You do not want to have to register as a bank or hire an expensive compliance team. Use Stripe.
- anonytrary 8y agoIt's not a "hard problem" in the typical sense of the term. Money is not fundamentally hard -- the current state of financial law is what makes this hard. It's just a regulatory nightmare which makes this problem infeasible for random, unconnected people to try and solve.
- mjfl 8y agosounds like a hard problem to me!
- rainydaybook 8y agoDoes Stripe actually allow this type of use though? Does it have to be special agreement / account with them or just a regular plain stripe account?
- dbbk 8y agoThey literally have a product for this use case, it's called Stripe Connect.