Tell HN: Stripe will never have real competition

https://news.ycombinator.com/item?id=39474169

by NetOpWibby • 2 years ago

1 5 2 years ago

news.ycombinator.com

It'd wild how payment processors don't want to do business with you until you've already made money within some threshold...but then, why would I need you?

Make it make sense.

This is why Stripe is so massive.

dcchambers2• 2 years ago

Stripe will never have real competition

They aren't even the largest payment processing platform, so how can you say that?

IIRC Adyen (who we rarely see talked about on HN) processes a higher payment volume that stripe.

NetOpWibby3• 2 years ago

Does Adyen requires millions in revenue before starting with them?

EDIT: Looked in my email because I remembered contacting Adyen two years ago. They will refuse business with you if you're:

- In these specific industries[1]

- Not located within Adyen’s acquiring regions[2]

- Processing less than 5000 transactions a month

- Not using one of our partner platforms[3]

In my case, I did not fulfill their last two points. So like I said in the OP, Stripe will never have competition. Developers are able to get up and running fairly quickly. No one else seems to care about that.

[1] https://www.adyen.com/legal/list-restricted-prohibited

[2] https://www.adyen.com/global-payment-processing

[3] https://www.adyen.com/partners/network

dcchambers2• 2 years ago

Did you look into Paddle or Lemonsqueezy as well? They target smaller businesses.

NetOpWibby3• 2 years ago

Checkout.com has a $10 million annual volume minimum. PressPay, the smaller partner they redirect you if you're not worthy, requires a $500 monthly billing minimum.

Tell HN: Stripe will never have real competition

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