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Stripe raises $600M at nearly $36B valuation

(www.axios.com)
721 points hhs | 4 comments | 16 Apr 20 14:35 UTC | HN request time: 0.62s | source
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fbelzile ◴[16 Apr 20 15:28 UTC] No.22890386[source]▶
I'm very happy with Stripe and for their success, but I plan on switching all my payments to go through PayPal again. I did some math and PayPal offers a better deal for Canadian businesses after Stripe bumps me off of their grandfathered conversion fees in a couple months.

I love the slick interface, but it's simply not worth the thousands per year I'll be saving with the switch.

For me the main selling point for any payment processor is the minimization of fees. Sure, the API's are nice, but I already use a payment gateway for that.

I'm a few clicks away from saving thousands. Am I missing anything?

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huhtenberg ◴[16 Apr 20 15:58 UTC] No.22890701[source]▶
Stripe not allowing to withdraw onto USD accounts not located in the US is an absolutely MASSIVE gripe with the service.

We operate internally in USD - we sell in USD, we pay in USD, so we end up being shafted with not one, but two pointless FX conversions. And that's without going into minor stuff like the headaches with refunds done at rates, extra accounting overheads, etc.

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1. adamwathan ◴[16 Apr 20 16:45 UTC] No.22891196[source]▶
Is this country-specific perhaps? I'm in Canada and it's no problem for me to withdraw USD to a Canadian-based USD account.
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2. sleepyhead ◴[17 Apr 20 08:21 UTC] No.22897183[source]▶
Stripe only support USD accounts in USA and Canada.
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3. huhtenberg ◴[17 Apr 20 08:43 UTC] No.22897288[source]▶
It's the other way around. Canada is the only exception here.
4. debian3 ◴[17 Apr 20 12:12 UTC] No.22898310[source]▶
Which is already better than Paypal. They don’t support USD account in Canada. That’s the main reason I’m using Stripe now. But seems like Braintree support USD account in Canada. Anyone can confirm?