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A comment on Payments Startup Balanced (YC W11) Is Processing $370M a Year. Parent comment

Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by loceng on Thursday January 16, 2014 @07:08PM (#7073385)
Stripe will have no motive to start doing same-day payments as long as they are dominating in different areas - the interest they collect on the money for those 7 days is quite valuable.
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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by collision on Thursday January 16, 2014 @08:50PM (#7073791)
We don't collect interest on customer funds and -- if you run the numbers -- it wouldn't be of any significant value if we did.
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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by zende on Thursday January 16, 2014 @09:56PM (#7074013)
I know the part about interest. You can't collect interest on money that's not actually your own, which is the same case with any payments company.

Out of curiosity, why don't you release the money faster?

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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by uladzislau on Friday January 17, 2014 @12:56AM (#7074515)
Fraud protection, isn't it obvious?
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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by jareau on Friday January 17, 2014 @02:43AM (#7074742)
No
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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by loceng on Monday January 20, 2014 @01:33AM (#7087923)
Thanks for the response. Who collects it then? I can't imagine it stays idle..
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