Changes to Stripe Billing(support.stripe.com) |
Changes to Stripe Billing(support.stripe.com) |
1. Today we’re deprecating the Billing Starter plan (your current plan) and moving all customers to a single, comprehensive plan that includes all of Stripe Billing's features. Your pricing will change from 0.5% to 0.7% of Billing volume. However, we'll maintain your current pricing for one year, until June 30, 2025. Pricing of one-time invoices through Stripe Invoicing is unchanged.
2. We’re also introducing subscription-based pricing for Billing. This can make your monthly costs lower and more predictable compared to pay-as-you-go pricing. Learn more and switch plans in the Stripe Dashboard.
That's a 40% price increase. I've never seen such a drastic increase, not even from Paypal.
Eg US LLCs not owned by US residents can't get card acceptance.
> Eg US LLCs not owned by US residents can't get card acceptance.
Not owned by US residents, or not owned by US citizens? E.g., could a US citizen residing abroad accept credit cards with AirWallex?Scale pricing was 0.8%.
Both plans were consolidated into a single plan which is 0.7%.
This is good news if you were a Scale customer and bad news if you were a Starter customer.
But now that they have market share they are seemingly becoming more greedy.
I think they are overplaying their hand. There's no reason that these charges should be %-based. And I'm almost certain for large enterprise customers they're not; there's probably custom negotiated contracts for those cases.
I hope we get more players in this space that can force them to be more competitive on pricing.
Of course. Go read Theil's "Zero to One" again.
For international card is 0.7%+3.9%=4.6% fee for payment!
A monthly plan: https://stripe.com/billing/pricing
Ranges from ~0.62% (up to $100k/mo) to ~0.57% ($1M/mo).
Yes as a user I don’t get chargeback disputes. That’s why I pay with crypto if I trust the vendor or if it’s for a small amount. Sometimes the savings even get passed to me. If I want protection, I use my credit card.
Stripe seem interested in this too given their push for crypto payments that’s supposed to arrive soonish. I’m curious how much of the savings will get passed on to users. But maybe it’ll just fizzle out again.
Very similar to the PE crunch currently in progress for the same reason: interest rates that rose fast and will remain higher for longer.
It will take time for everyone’s expectations and actions to reach the new macro reality, with current participants attempting to "find a way out" that is most favorable for the circumstances.
[1] https://danluu.com/startup-tradeoffs/ | https://news.ycombinator.com/item?id=40363262
But without an IPO it becomes a chance for a small royalty payment, and this is a lot less attractive success.
What data do you base this on? "Long term" companies that do not choose to become publicly listed go out of business all the time. Some of them even get obviated by competitors who do choose to go public, and as a result, have a ton more money to outcompete the non public ones.
I'm saying that's neither right nor wrong but there are examples of the good on both sides; Jetbrains and Crowdstrike seems to be doing fairly well despite staying private and going IPO, respectively.
The situation will improve as the Fed cuts rates, but zero interest rate policy that fueled the previous economic exuberance is unlikely to return due to structural economic changes.
https://fred.stlouisfed.org/series/FEDFUNDS
https://www.goingvc.com/post/how-rising-interest-rates-impac...
https://www.wsj.com/finance/investing/high-interest-rates-cr... | https://archive.today/DPlzm