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Well, and of course Stripe doesn't (and hasn't) peddle itself as a value option or a business that gives you the "best deal". The best part about Stripe is conv
by hbosch 7y ago
Well, and of course Stripe doesn't (and hasn't) peddle itself as a value option or a business that gives you the "best deal". The best part about Stripe is convenience, as with all their products. If you take out a small business loan through Stripe, and you use their other checkout or payment tools, it makes repayment automatic. That's the selling point. I don't think anyone looks to Stripe for low fees or value loans.
- TuringNYC 7y agoThat is not what I understood to be the driver. It would be nice if some Stripe-based store-owners reading this could opine on this? I assumed the primary value was tying debt service to revenues at a micro level. I assumed the secondary value was that -- since Stripe had intimate knowledge of your store, revenues, cash flows, correlations to customers -- that they could better price your loan and give you a more competitive rate on the loan.