3 ms·

I'd be curious to know: Why not have developers have a Stripe account and charge $8K and you charge $2K and exit the escrow business altogether?

• dangrossman 14y ago
  The escrow is one of the core value props of the business. They're arranging development contracts for various companies. The developers know they aren't working for a deadbeat that won't pay after the work is completed, because the company already paid GT before they started work. The company knows it's not paying developers that will skip out without turning in the work product, because the developers aren't paid until after they do the work. Aside from that, paying two parties for every contract introduces friction. Multiple payments means more work, more manager approvals, more reimbursements for the company card, etc. Some portion of the customers would simply choose not to use the service because of that added complexity; it'd be lost business.