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Probably the most useful thing SVB could do for seed-stage startups is to offer painless merchant accounts structured with startups in mind (i.e not requiring a
by ig1 14y ago
Probably the most useful thing SVB could do for seed-stage startups is to offer painless merchant accounts structured with startups in mind (i.e not requiring a 100k deposit if you're only going to be processing 30k in payments, etc.)
- swombat 14y agoThey don't list merchant accounts as part of their account services, but I suspect that can't and won't be their main differentiator. After all, BrainTree has now expanded to the UK (and I believe they offer accounts-with-merchant-account-included), and surely a Stripe-in-the-UK clone (or even Stripe expanding to the UK) is not far away.