rscherf

Take a look through the original thread. Lots of hot takes didn't age well. Currently processing $14M per month in gross volume ~ $150K/Month.

AMA!

I always had an interest in design, designing a lot of websites before and during college. My first job out of college was a Java Support Dev, for a health care company, which was soul-sucking. Troubleshooting production bugs and fixing them was not something I wanted to do.

I volunteered to build the interface of a product we were working on and never looked back.

Chip & pin is not a requirement in the US, but I agree with you that using it does alleviate risk. This is why Stripe offers a fee discount to 2.7%+5c when using their card reader vs. 2.9%+30c. These are common fee structures for other gateways like Square.

The app runs all transactions through the Connect accounts Radar fraud filters, and the user can opt to force several levels of validation on the card (CVV, zip/postal, name, address).

These types of transactions happen all the time, regardless of if they're more secure or not.

There are several copycat apps that have tried varying pricing structures (some more like 1.3%) and others that tried to go lower (like 0.1%).

That argument doesn’t make any sense to me. Stripe gets 2.9% regardless of how many users I have. It’s just volume to them.

It’s handled as non card present, similar to e-commerce. At some point, 3DS will be required.

We have an integration with Payworks for non-US, but mostly hoping Terminal rolls out globally soon.

But, no card reader is required.

Not required in the US. Email receipts are built into Stripe if you provide emails.

Thought about this so many times with domain registrars. I’m content not being a huge company. Way simpler.

Larger user base will hopefully protect me from being cut off.