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Re:Stripe Terminal – Programmable point of sale by user5994461 on Monday September 17, 2018 @04:36PM (#18009830)
>>> I promise that Stripe is doing very well off their 3% charge.

I will tell you a secret. Stripe is not doing very well because they have a small volume of payments, all clients combined. A percentage of peanuts is peanuts.

I looked at them when I was working at a startup 2 years ago. The volume of transactions we were processing yearly was a 2 digits percentage of what Stripe was processing yearly across all their clients.

Needless to say, they're not adequate as a payment processor for any medium or large company.

Re:Stripe Terminal – Programmable point of sale by citrablue on Monday September 17, 2018 @05:01PM (#18010054)
The numbers quoted here[0] are soft and from a year ago, but at that time, Stripe claimed to handled handles tens of billions of dollars in internet transactions annually. If you were doing 10+% of that, kudos to you!

[0 ]https://www.bloomberg.com/news/features/2017-08-01/how-two-b...

Re:Stripe Terminal – Programmable point of sale by user5994461 on Monday September 17, 2018 @05:24PM (#18010221)
Thank you. We were doing rather well by some metrics. Enough for the CEO to pay his first jet and for the yearly profit to fill a swimming pool in $1 bill. Not that we did that last part.

Humor aside. A few billions is actually fairly little for many businesses, remember that a typical margin is only a few percents of revenues (customer payments). A billion dollar company with a 1% margin can only afford 100 employees. You wouldn't be impressed if I told you that we were a 100 people company, would you?

Competing payment providers and banks are dealing in orders of magnitude above Stripe.

Re:Stripe Terminal – Programmable point of sale by citrablue on Monday September 17, 2018 @05:54PM (#18010467)
I would be impressed if a company had 100 employees today and planned for exponential headcount growth (say, 50% growth per annum). And had taken $440 million in funding. And had a product that wiped the floor with the competition.*

* YMMV, but for this dev, Stripe was a godsend.

Re:Stripe Terminal – Programmable point of sale by jjeaff on Monday September 17, 2018 @09:43PM (#18011706)
Ya, for any dev, stripe is amazing. But for a CFO it's a money pit.
Re:Stripe Terminal – Programmable point of sale by user5994461 on Tuesday September 18, 2018 @06:45PM (#18019944)
Stripe is great for small websites in the US.

It's disappointing for global payments and for high volume. I wish all developers here to outgrow Stripe.

Re:Stripe Terminal – Programmable point of sale by edwinwee on Tuesday September 18, 2018 @07:32PM (#18020279)
Hrm, we accept payments globally in over 135 currencies and have special enterprise plans, like high volume pricing—but I'd love to hear more on what we should be doing better. Feel free to email me at [email protected]