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Changes to Stripe Billing
- marcelchelo 2y agoperhaps time to pass costs to customer.
- bozhark 2y ago[flagged]
- mvdtnz 2y agoThe numbers "5%", "3%" and "8%" don't appear anywhere at all in the article. What are you talking about?
- deleted 2y ago[deleted]
- wombat-man 2y agoYou're right they don't. But the numbers op is referring to are there. Look past the second paragraph. There is a table with a row labeled "price"
- deleted 2y ago[deleted]
- mik3y 2y ago0.5% -> 0.7% = 40% increase in fees, for affected customers. (edit: 0.7% not 0.8%)
- lotsofpulp 2y agoI would phrase that as a 0.3% increase in fees.
- mort96 2y agoYou would phrase it incorrectly then? That's 0.3 percentage points, but 60%
- lotsofpulp 2y agoDoesn’t the % symbol mean percentage points? A fee changing from 0.5% of a transaction to 0.8% of a transaction is increasing by 0.3%.
- mort96 2y agoNo, the % symbol means percent
- lotsofpulp 2y agoI thought percent, percentage, and percentage points are all the same thing.
- mort96 2y agoWell today's an excellent day to learn something new :D This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point https://en.wikipedia.org/wiki/Percentage_point
- lotsofpulp 2y agoThanks!
- lobsterthief 2y agoAnd thank you for admitting you didn’t know something rather than digging your heels in :) Shows a lot of courage and willingness to grow and learn.
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- lcnPylGDnU4H9OF 2y ago> sig. figs. be getting y’all This isn't an issue with significant figures but with syntax. Rewritten sans symbols, your comment means: "3 percent increase from 5 percent" That math actually comes out to a new rate of 5.15%.
- chirau 2y agoThis sounds like a pretty significant increase. This is like 40% (or 60%?) increase, no? The new pricing seems to bundle 'volume billing' and 'invoicing', was the latter previously free?
- binarymax 2y agoThis is the text I received in an email just now, which is for people on the 'Starter Plan' and easier to understand than the linked article. 1. Today we’re deprecating the Billing Starter plan (your current plan) and moving all customers to a single, comprehensive plan that includes all of Stripe Billing's features. Your pricing will change from 0.5% to 0.7% of Billing volume. However, we'll maintain your current pricing for one year, until June 30, 2025. Pricing of one-time invoices through Stripe Invoicing is unchanged. 2. We’re also introducing subscription-based pricing for Billing. This can make your monthly costs lower and more predictable compared to pay-as-you-go pricing. Learn more and switch plans in the Stripe Dashboard.
- dotancohen 2y ago> Your pricing will change from 0.5% to 0.7% of Billing volume That's a 40% price increase. I've never seen such a drastic increase, not even from Paypal.
- dinobones 2y agoI love Stripe, blah blah blah, Stripe has "good" le docs and good dev experience and w/e. But now that they have market share they are seemingly becoming more greedy. I think they are overplaying their hand. There's no reason that these charges should be %-based. And I'm almost certain for large enterprise customers they're not; there's probably custom negotiated contracts for those cases. I hope we get more players in this space that can force them to be more competitive on pricing.
- toomuchtodo 2y agoThey are in a valuation trap based on forward looking fundamentals.
- giancarlostoro 2y agoI don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.
- toomuchtodo 2y agoWhen you IPO, you’re getting wealthy off of Other People’s Money flowing in creating liquidity. When you have to buy out existing cap table folks (either through enterprise cashflow or financing), it becomes harder. An artifact of ZIRP evaporating after entire businesses were built on the VC IPO flip model (and profitability becoming king over growth at any cost). Very similar to the PE crunch currently in progress for the same reason: interest rates that rose fast and will remain higher for longer. It will take time for everyone’s expectations and actions to reach the new macro reality, with current participants attempting to "find a way out" that is most favorable for the circumstances.
- lobsterthief 2y agoBecause the employees at these companies don’t share in the “money factory” mentality. Personally I’d rather work somewhere and get paid well and have stability, but unfortunately most businesses just pay “market” which is on par with those who offer options.
- bigyikes 2y agoStarter pricing was 0.5%. Scale pricing was 0.8%. Both plans were consolidated into a single plan which is 0.7%. This is good news if you were a Scale customer and bad news if you were a Starter customer.
- csdreamer7 2y agoCurious what people use besides Stripe (or Paypal) or if they are planning on moving away from it.
- a13n 2y agoAdyen if you're big enough.
- imarkphillips 2y agoAirWallex
- b2bsaas00 2y agoThere is no reason why this feature is % based. What alternative we have? 0.7% just to trigger a charge every month it makes not sense. For international card is 0.7%+3.9%=4.6% fee for payment!
- brianwawok 2y agoYup. Keep testing out those alternatives, I pay way too much money to Stripe every month.
- duskwuff 2y ago> What alternative we have? A monthly plan: https://stripe.com/billing/pricing https://stripe.com/billing/pricing Ranges from ~0.62% (up to $100k/mo) to ~0.57% ($1M/mo).
- cmcaleer 2y agoIt’s things like this that make me disappointed crypto didn’t find favour as a payment option. I can transfer a million dollars instantly for ~free on (good) blockchains. Vendors aren’t at the mercy of Stripe closing their account. They’re not at the mercy of payment processors deciding they’re not allowed to sell porn. The UX has improved considerably. It’s not quite ‘there’, but much better than before. Yes as a user I don’t get chargeback disputes. That’s why I pay with crypto if I trust the vendor or if it’s for a small amount. Sometimes the savings even get passed to me. If I want protection, I use my credit card. Stripe seem interested in this too given their push for crypto payments that’s supposed to arrive soonish. I’m curious how much of the savings will get passed on to users. But maybe it’ll just fizzle out again.
- czzarr 2y agoas a years-long customer for whom prices keep increasing while product keeps getting worse (fraud detection and dispute handling in particular), I'm really hopeful that a decent competitor shows up soon.
- imarkphillips 2y agoWe swapped to AirWallex but note card acceptance is limited to companies that are controlled by directors with the same residence. Eg US LLCs not owned by US residents can't get card acceptance.
- dotancohen 2y ago> Eg US LLCs not owned by US residents can't get card acceptance. Not owned by US residents, or not owned by US citizens? E.g., could a US citizen residing abroad accept credit cards with AirWallex?
- czzarr 2y agoThe AirWallex website doesn't seem to mention Subscription Billing as a feature?
- glzone1 2y agoThe real question is what payment providers handle ACH well for a reasonable price. Say lots of $500 invoices. Underlying costs on the ACH platform is pretty low. Would love to find a $3 capped provider. Intuit is uncapped, so a $10,000 payment costs $100 per payment on their platform. Ouch!
- xtracto 2y agoFor ACH I previously used Vantiv (now part of worldpay iirc) I remembered they had good service and price.
- glzone1 2y agoPricing hard to find online for this one.
- danwakefield 2y agohttps://gocardless.com/pricing/ https://gocardless.com/pricing/ is 1% below 500, then fixed for payments between ~500-2000, then its cap+0.3% over 2000
- glzone1 2y agoLooks like a $5 - $7 cap in the US. Good to know.
- andrewstuart 2y agoAnyone have any experience of alternatives and competitors?