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Stripe targets marketplaces too: https://stripe.com/connect https://stripe.com/connect -- you have your work cut out for you!
by sync 13y ago
Stripe targets marketplaces too: https://stripe.com/connect https://stripe.com/connect -- you have your work cut out for you!
- billclerico 13y agoAgreed, we have a lot of respect for the guys & gals at Stripe. Patrick, John & I were in the same YC batch and we know them well. I think we have different visions - in my words (not theirs), Stripe is looking to build a general-purpose payment API for developers. WePay is trying to build a payment company to serve platforms only. We believe we can service platforms better by focusing on that usecase. For example, we built Veda, our risk engine the specializes in underwriting the risk of individuals and small businesses using social media. Because of this, we can pay out marketplace sellers faster, collect less data from them (making signup easier), and not hold the marketplace accountable for fraud loss. I think that platforms are such an interesting segment of ecommerce that they deserve special attention.