16 ms·
EDIT: removed so as to not hijack another announcement. Was not the intention, just wanted to offer something people thought was useful.
by pitdesi 15y ago
EDIT: removed so as to not hijack another announcement. Was not the intention, just wanted to offer something people thought was useful.
- 46Bit 15y agoAs regards merchant accounts - what country & typical size/age of business do you tend to work with? Appreciate you've not posted anonymously so might not want to go into things much.
- pitdesi 15y agoUS/Canada, startups and non-startups. 2/3rds of our businesses are online (mostly startups), 1/3rd brick and mortar. I don't have a better breakdown than that at my fingertips. Average size of our customer is fairly large, skewed by several large customers. We have a lot of startup customers. The ones that are a challenge to get underwritten are typically marketplace businesses of some kind (you sell something, a third party gets paid for it and you take your cut). We have a bunch of them as customers but some are a challenge to get underwritten (fraud reasons/banks are stupid about it). We are totally upfront and transparent and never post anonymously btw. Our business name is actually Transparent Financial Services!
- marquis 15y agoDo you do recurring billing? It's not clear with a quick view of the documentation. Or do you expect that individuals are provided sufficient information to build their own (easy?) recurring systems? If you do, we'll look at moving immediately. We'd not only be saving money but your API doesn't confuse the hell out of my like what we're currently using.
- pitdesi 15y agoYou got it. We don't handle the recurring stuff for you, but we give you back a token that lets you bill your customer cards on a recurring basis. We have other customers who are doing this on their own.
- marquis 15y agoThanks, that's probably fine as we'd get better control over integration.
- lgbr 15y agoSo when will your merchant accounts be available?
- dennisgorelik 15y agoHow good Stripe is at Fraud prevention? AFAIK PayPal claims to be Credit Card Fraud Protection service that happens to process credit cards. Does Stripe focus on fraud prevention?
- boucher 15y agoWe're working hard on preventing fraud.
- dennisgorelik 15y agoDo you give "fraud rating" back for the potential transaction? If yes - I could have used that rating to decide whether to approve the purchase automatically or give it a manual review.
- boucher 15y agoWe do give you basic information, like whether or not the CVC code and billing address match the credit card. We'll consider adding more information over time.