Stripe raises $600M at nearly $36B valuation

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?

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.

This x100. We’re based in the UK but most of our customers are in the US so we bill in USD.

The most annoying thing is that US customers pay additional fees because we’re based in the UK, and our UK customers pay extra fees because we’re billing in dollars.

Stripe customer support very responsive, but they’ve told us the only way to fix it is to open a bank account in the US - which would mean we pay tax in the UK and US. We tried opening a USD bank account in the UK, but Stripe told us after we’d done it that they couldn’t send money to it. Maddening problem with an otherwise brilliant service.