pc

9 ms·

91.
by pc 6y ago
It varies based on the card type, country, and other things. We could expose all of that more directly but the trade-off there is obviously pricing complexity, which we'd like to avoid. In our analysis in making this change, we saw tha
92.
by pc 6y ago
Yes, we will! (And, while we are trying to make sure we understand the impact of Covid-19 across our lending portfolio, we haven't stopped extending new loans.)
93.
by pc 6y ago
Hi Nick -- I'd love to have us dig in more here to understand this better. Could you email me? patrick@stripe.com. [In brief, chargebacks/disputes work differently for PayPal payments as compared to credit card payments... I suspe
94.
by pc 6y ago
Great feedback... thank you. In case it's useful, some context on them: On (1), we started an FX team this year. (There are a lot of legal complexities here around how the funds move, who has title to what at which moment, and so on.)
95.
by pc 6y ago
> Just very high level for those of us who only know "they charge a flat fee and a percent which makes microtransactions hard". That's pretty much the story :-). And so the questions are then whether we subsidize the trans
96.
by pc 6y ago
Good feedback -- thank you. We'll take a look.
97.
by pc 6y ago
Yeah, we don't like the current situation, and this is a topic of ongoing discussion. Credit card network fees make it tricky to do it well but we really want to find a way to make it work.
98.
by pc 6y ago
We've noticed a few things -- - Enterprises pivoting -- brands going direct-to-consumer, malls pivoting to online business models (seriously), and other things like that. - SMBs going online: see this thread[0] from a French fruit sell
99.
by pc 6y ago
Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signu
100.
by pc 6y ago
Working on this!
101.
by pc 6y ago
The impact of Covid-19 on many businesses around the world is very sad. That said, it's less clear to me that the medium-term impact will be pro-incumbent or pro-large company. Big incumbents tend to be less adaptable and to benefit fr
102.
by pc 6y ago
We're still working hard on this. (We just expanded our beta in Bulgaria last week!)
103.
by pc 6y ago
We're focused on a few things -- - Staying secure, reliable, and available for our existing customers. Some businesses in Stripe are seeing huge surges in demand and others are seeing major shortfalls. In either case, we want to make s
104.
by pc 6y ago
Fair :-). "A little" relative to market cap. But, yes, $600M is a staggering amount of money in absolute terms.
105.
by pc 6y ago
Yes!
106.
by pc 6y ago
:-). True.
107.
by pc 6y ago
We've been working with various government agencies behind-the-scenes and are about to pilot our first PPP loans. (Since so many banks have had troubles with the SBA application process, we want to make sure the process is robust and s
108.
by pc 6y ago
That's right; this isn't new. We just decided that it was prudent to extend the round a little given the economic uncertainty.
109.
Fast Grants(fastgrants.org)
45 points by pc 6y ago|1 comments
110.
by pc 7y ago
I've known him for more than ten years -- we first met when I was a student in college. In my experience, he's always been helpful, kind, and encouraging.
111.
by pc 7y ago
We're actually working on speeding up payouts, for free. They're currently faster than they've ever been and will continue to get faster.
112.
by pc 7y ago
> Stripe has all the power to prevent many forms of fraud and provides this as a service as long as you pay a premium for it in the form of Radar. You have to pay extra on top of the 2.9% + 30c per transaction to get this protection. R
113.
by pc 7y ago
Card network requests are comprised of fairly complex ISO 8583 messages. ( https://en.wikipedia.org/wiki/ISO_8583. ) We now have enough data across Stripe to implement an ML engine to optimize these requests on a per-iss
114.
by pc 7y ago
Thank you! A lot still to do.
115.
by pc 7y ago
Yes, per [2], our US refund policies are roughly the same.
116.
by pc 7y ago
You're right! (Though I am.) I edited the comment.
117.
by pc 7y ago
(I'm one of Stripe's cofounders.) Thanks for the candid feedback. A few quick thoughts -- - This is not a new policy change -- it's been our pricing for all new users since 2017. (The news is that we're now applying this
118.
by pc 7y ago
Yes, that the name may be misleading is a fair point. Even though it was (I think) called the Alaska Highway from the beginning, I changed the text to say "military roadway" -- hopefully this helps to clarify. Thanks for pointing
119.
by pc 7y ago
That’s a good one!
120.
by pc 7y ago
Hm, thank you. I checked a few sources when adding this one but will go back and double-check the specifics/qualifiers. Wikipedia, incidentally, seems to support the shorter timeline: “The official start of construction took place on

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