News for hackers. Stuff that matters.

A comment on Stripe Causes a €147000 Net Loss for My Business, for Seemingly No Reason?. Parent comment

Re:Stripe Causes a €147000 Net Loss for My Business, for See... by jacquesm on Friday January 06, 2023 @04:56AM (#34272907)
Even that isn't right: if the original balance was $100k the loss can never be larger than that. You still have 25K in the bank so the loss is $75k, any other interpretation should not be labelled a loss, at best they are misguided expectations.
[ Parent | on HN ]
Re:Stripe Causes a €147000 Net Loss for My Business, for See... by danaris on Friday January 06, 2023 @08:15AM (#34274238)
The 150k is a "loss" in the same way that the movie industry "lost" $500 million (or whatever it is that they claimed) to piracy: revenue that they think they should have gotten, but didn't.
[ Parent | on HN ]
Re:Stripe Causes a €147000 Net Loss for My Business, for See... by jacquesm on Friday January 06, 2023 @08:17AM (#34274255)
Precisely.
[ Parent | on HN ]
Re:Stripe Causes a €147000 Net Loss for My Business, for See... by jerryjappinen on Friday January 06, 2023 @11:58AM (#34277290)
I agree it's up to interpretation, but in this scenario, the seller has shipped a set number of goods that the customers have paid for. The revenue has been generated but not moved successfully through a service provider to the final destination.

So it's not just an estimate. The money is not imaginary, it has already been collected from the customers.

[ Parent | on HN ]
Re:Stripe Causes a €147000 Net Loss for My Business, for See... by jacquesm on Friday January 06, 2023 @02:15PM (#34279424)
It actually got refunded (see title, and update by OP).
[ Parent | on HN ]