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I love Stripe and it's been awesome to use, but must repeat a question I asked in another thread. I wonder if that level of simplicity is sustainable for them g

by thematt 15y ago

I love Stripe and it's been awesome to use, but must repeat a question I asked in another thread. I wonder if that level of simplicity is sustainable for them going forward. The reason other payment providers have paperwork and approval processes is because of liability and the reality that there are unscrupulous merchants out there. Is Stripe assuming an increased liability because of the ease at which anybody can just sign up?

deleted 15y ago
[deleted]
collision 15y ago
We think a lot about risk, and actually do more verification than traditional merchant-account providers. We just don't make you do busywork like mailing us a voided check or a utility bill. We certainly believe that the approach is sustainable, and the data so far strongly supports this.
- thematt 15y ago
  Awesome, glad to hear it! Thanks for the disrupting the space, I know I'm not the only one who appreciates it.