How the Collison brothers turned ‘seven lines of code’ into Stripe

Re:How the Collison brothers turned ‘seven lines of code’ in... by hwillis on Tuesday August 01, 2017 @06:40PM (#14906143)

That's the least of it. Paypal automatically puts you on a 21-60 day rolling reserve once you hit a certain level. Small businesses can and have had 30%+ of their revenue unavailable for two months. That's your entire profit margin gone. It makes it impossible to grow a small business. And of course they will not respond to anything for months if ever. And it never gets better! Companies with millions in revenue still get these problems.

Paypal has no place being used by anyone trying to start a company. They are awful.

[ Parent | on HN ]

Re:How the Collison brothers turned ‘seven lines of code’ in... by ErikAugust on Tuesday August 01, 2017 @07:08PM (#14906323)

Before Stripe - I had to take a loan out, and make the switch to Authorize.net so I could get my company off PayPal and its 60 day reserve - otherwise it would have folded. They were perpetually holding tens of thousands of dollars at all times.

[ Parent | on HN ]