News for hackers. Stuff that matters.
Re:Stripe Is Now a $20B Company by cloakedarbiter on Wednesday September 26, 2018 @02:17PM (#18078749)
> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc.

If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on the order of 25% to 40%.

Re:Stripe Is Now a $20B Company by djajshgsjja on Wednesday September 26, 2018 @02:22PM (#18078802)
I wouldn’t assume it’s exclusive. At the scale of Uber, it may be worth keeping both systems running and split usage between the two to negotiate the best rates.
Re:Stripe Is Now a $20B Company by dajohnson89 on Wednesday September 26, 2018 @02:24PM (#18078821)
That also has the benefit of system redundancy, in case one goes down.
Re:Stripe Is Now a $20B Company by zck on Wednesday September 26, 2018 @03:14PM (#18079293)
"Goes down" could include things like "we're going to increase your pricing by 10 cents per charge". It's a much stronger negotiating position that Uber is in if they can say "we can switch 100% of our volume to Stripe in a minute by going to admin.uber.com and flipping a single feature flag".
Re:Stripe Is Now a $20B Company by adtac on Thursday September 27, 2018 @02:58AM (#18082531)
Or even better: "we automatically route traffic to the cheaper option and this requires no human intervention, so don't even bother"
Re:Stripe Is Now a $20B Company by captain_perl on Wednesday September 26, 2018 @02:57PM (#18079139)
Large companies typically do payments in batches, not one-by-one, so the redundancy is not needed.

However, if they're trying to do per ride auths, then they might need redundancy there. Hard to imagine they do that.

Re:Stripe Is Now a $20B Company by philip1209 on Wednesday September 26, 2018 @03:12PM (#18079274)
I don't think they auth per ride. I definitely had a "you owe us money" flow after getting food successfully delivered though Uber eats on a deactivated card.
Re:Stripe Is Now a $20B Company by adw on Wednesday September 26, 2018 @04:40PM (#18080057)
I get push notifications on auth on both my debit and credit cards. Weak evidence, but my hunch based on what I see there is that there's some dollar value where they pre-auth (somewhere around $25, I think).
Re:Stripe Is Now a $20B Company by cloakedarbiter on Wednesday September 26, 2018 @03:22PM (#18079359)
> I wouldn’t assume it’s exclusive.

Ahh yeah, and also at the international scale. The article also states that Stripe is expanding internationally (Didi Chuxing, Grab), so it could be that Stripe handles Uber's international payments, whereas Braintree handles the U.S. ones.

Re:Stripe Is Now a $20B Company by SkyPuncher on Wednesday September 26, 2018 @03:21PM (#18079350)
True, but they are also at a scale where they can negotiate long term rates and contracts for predictable, long-term results for both sides.
Re:Stripe Is Now a $20B Company by httpz on Wednesday September 26, 2018 @03:00PM (#18079167)
Though Uber did add pay with Venmo, which is owned by Braintree/PayPal.
Re:Stripe Is Now a $20B Company by physcab on Wednesday September 26, 2018 @02:49PM (#18079069)
A lot of companies will have different payment solutions to deal with fraud and rebill failures. A charge may get rejected by one gateway and then accepted by the second or third.
Re:Stripe Is Now a $20B Company by pxtail on Thursday September 27, 2018 @05:21AM (#18083041)
I'm wondering when somebody from Braintree/PayPal will wake up and realize that this "developers first" strategy pays of and actually works.
Re:Stripe Is Now a $20B Company by sleepyhead on Thursday September 27, 2018 @10:08AM (#18084596)
Uhm isn't Uber using Adyen?