Re:Stripe migrates Stripe Subscriptions users to more expens...
by loceng on Thursday November 12, 2020 @02:04PM
(#25073523)
I have to believe this is Stripe leadership pumping up the revenues/profits to look peachy for their IPO, so they can all get a considerable exit while raising a war chest - meanwhile competitors will come along and try to take market share while Stripe can spend more on acquisitions and feature development for the same price. I think this play as part of the VC industrial complex leaves them more vulnerable than is obvious - but leadership won't ultimately care because they're set for generations.
Re:Stripe migrates Stripe Subscriptions users to more expens...
by jm20 on Thursday November 12, 2020 @02:41PM
(#25073971)
If the Stripe leadership wanted to exit and be set for generations they could’ve done it years ago. I agree it could be a revenue boost to prepare for IPO but this isn’t some personal greed thing
Re:Stripe migrates Stripe Subscriptions users to more expens...
by marcinzm on Thursday November 12, 2020 @05:01PM
(#25075708)
Personal greed doesn't magically end just because you want $5 billion instead of $1 billion. Greed is greed even if the only point of it is having a larger number in your bank account or higher social standing from it.
Re:Stripe migrates Stripe Subscriptions users to more expens...
by cambalache on Thursday November 12, 2020 @03:42PM
(#25074696)
Agree, it's collective greed
- increased fees for non-US payments (3.9% + 30 cents)
- did not refund fees when you refund customers
If there was a compelling alternative that isn't PayPal we'd jump in a heartbeat