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I wonder how they are able to pay for 3rd party transactions with Stripe? Charging the customer's credit card with Stripe then paying with your own payment meth
by albertwang 12y ago
I wonder how they are able to pay for 3rd party transactions with Stripe? Charging the customer's credit card with Stripe then paying with your own payment method incurs a transaction fee and potentially chargebacks
(Disclaimer: co-founder of Perssist, a tech-enhanced virtual assistant service)
- nicky0 12y agoI'm guessing they just charge enough mark-up to the customer to cover transaction fees and chargeback risk.
- jusben1369 12y agoYes I wonder too. They're storing the card in Stripe. But then they're paying the Pizza joint for the Pizza (who probably doesn't have a Stripe account) So they're charging your card against their Stripe account and then I assume using their own cards to charge for the Pizza manually. It seems like that'll have some scale challenges. (Disclaimer: I work at Spreedly where we see a lot of these cross merchant/PCI compliant services launching.