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Fun fact: I presented Stripe an opportunity to meet or beat a proposal by Braintree. They countered with a microscopic fee decrease and wanted to lock us into a
by ianhawes 6y ago
Fun fact: I presented Stripe an opportunity to meet or beat a proposal by Braintree. They countered with a microscopic fee decrease and wanted to lock us into a 2 year deal.
Not only was the offer from Braintree way better, they gave us a better deal on PayPal fees as well.
Stripe’s focus on their supplementary offerings, like Billing (which used to be effectively free) and Checkout show that they’re trying to eat more of the transaction percentage. Try mentioning PayPal button on a Stripe Checkout page and you will be muted from talking in their YouTube broadcast.
Overall, I’m bearish on Stripe and look forward to shorting them on the public market, whenever that day comes.
- klelatti 6y agoI think that's known as pricing discipline! The opposite of chasing business no matter what the margin. It'll probably go down very well with potential investors.
- modified001 6y agoBut did you switch to Braintree.
- ianhawes 6y agoYes I did.