billclerico

11 ms·

61.
WePay is hiring software engineers
1 points by billclerico 12y ago
62.
WePay is hiring engineers and data scientists(wepay.com)
1 points by billclerico 12y ago
63.
by billclerico 12y ago
We turned down an exploding offer from another incubator in order to have time to interview at YC. We ended up getting into YC, so in hindsight it was absolutely the right decision, but scary at the time.
64.
WePay is hiring engineers and data scientists(wepay.com)
1 points by billclerico 12y ago
65.
by billclerico 12y ago
I don't really like the word "network" as a verb. It implies that you are trying to schmooze your way into getting people to like you at cocktail parties. (I'm not saying you are, I'm just saying that's what
66.
by billclerico 12y ago
We weren't able to navigate it, unfortunately. So we took what we had built (a payments platform & risk engine) and applied it to a new usecase. It feels like frequency of use is a key indicator of product success. The most succe
67.
by billclerico 12y ago
We took a hybrid approach. First, we compiled a list of the best possible investors (for us, Max Levchin was on the list given his PayPal background) and found ways to get to them. (warm introduction is best, but not always possible) We al
68.
by billclerico 12y ago
Thanks! We were running concurrent experiments - one focused on easy payments for small businesses (think ecommerce version of Square, with tools like invoicing & storefronts), and one focused on an API for crowdfunding sites. Small bus
69.
WePay is hiring engineers and data scientists(wepay.com)
1 points by billclerico 12y ago
70.
by billclerico 12y ago
Our response: http://blog.wepay.com/post/86048891401/wepays-terms-of-servi...
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by billclerico 12y ago
hey sam - is it 7% of common stock or preferred?
72.
by billclerico 13y ago
Sure, there are a lot of unique risks involved with building a marketplace. My cofounder Rich wrote a pretty extensive overview here: https://www.wepay.com/api/payments-101
73.
by billclerico 13y ago
(bill from wepay here) competition in payments is a good thing for the market & I believe that Stripe has had these APIs for some time. I believe that our model (which removes marketplaces from the flow of funds & shields them from
74.
WePay is hiring: Engineering, Ops and Data Science (Interns and Full-time)(wepay.com)
1 points by billclerico 13y ago
75.
by billclerico 13y ago
WePay - we're building the payments API for marketplaces & crowdfunding sites. - Backend Engineer - Product Manager - Systems Administrator / CSO wepay.com/jobs
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by billclerico 13y ago
seems like it would be tough to file a complaint for them not letting you process. I would imagine that right (to deny your business) is spelled out in their TOS (something, which in my experience@wepay, is something that regulators fixate
77.
by billclerico 13y ago
identity verification of small merchants is a really hard problem to solve with 100% accuracy. (or even 90% accuracy) At WePay, we use Facebook identity to help supplement KBA. It's not 100%, but does dramatically increase success r
78.
by billclerico 13y ago
congrats guys. I love that you can run experiments without having users update apps.
79.
by billclerico 13y ago
where are these? i'd love to check them out
80.
by billclerico 13y ago
the same model car across different dealerships is a commodity. that's why carwoo was great, it helps you run a commodity auction to get the best price.
81.
Help rethink payments and risk management for marketplaces at WePay(wepay.com)
1 points by billclerico 13y ago
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by billclerico 13y ago
Thanks. It's tricky to both take the risk and not have a relationship with the seller, hence why we insist on it right now. If we pushed the risk to the marketplace, it would be trivial - but this isn't something we believe is v
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by billclerico 13y ago
Yes! Set the funding_sources parameter to "bank" or "bank,cc" depending on whether you'd like to give the customer a choice of payment methods. https://www.wepay.com/developer/reference/che
84.
by billclerico 13y ago
not yet, sorry. but we're on our way as fast as possible
85.
by billclerico 13y ago
Agreed, 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-
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by billclerico 13y ago
Bill from WePay here The fundamental difference with WePay is that we take the risk of loss, so marketplaces don't lose money to fraud. Balanced holds the marketplace liable for chargebacks. Since they aren't taking the risk, Bal
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by billclerico 13y ago
The Occupy Movement were some of our earliest customers. Our hope is to continue to serve them through our donation partners (like GoFundMe, Fundly, GiveForward, etc) now. WePay will still be the same backend, but you'll benefit from
88.
by billclerico 13y ago
Bill from WePay here You might want check out our partner invoiceASAP: www.invoiceASAP.com Just to be clear, our fees are the same as stripe's - we're not any cheaper. Although I would still encourage you to check out our API for
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by billclerico 13y ago
PayPal uses P2P as a way to get users to link their bank accounts. Then later, when those users are checking out at a merchant, PayPal tries to trick/strongly encourage those users to pay with that linked bank account, instead of a cr
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by billclerico 13y ago
Bill from WePay here Venmo is a great product (I use it too! And so does Lucas.) We originally launched WePay thinking we could build a great P2P experience and charge fees for it. We found that end-users preferred free options like Venmo

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