I’m trying to figure out why a ton of ex-Googlers are migrating over there. I would imagine their financials aren’t far off from Square or PayPal (meaning not 2-3x better) but somewhat “similar”. I get that they process billions and billions of dollars worth of payments but from their 2.75% take, like 2.25% of that goes to the banks and credit card networks like Amex and Visa. So they are probably making 0.5% revenue from each dollar. 30 billion times .005 is 150 million revenue, and 30 billion is a crap ton of money to process. And assuming your company uses Stripe, once you hit a big enough level (like Apple, Amazon, Walmart), those companies would just create their own payment processing in-house and ditch Stripe. So why is everyone so bullish on Stripe?
Most companies don’t have $$$ to support and maintain an in house payment processing, Stripe makes payments and aggregating metrics stupid easy for a small business
Lol you're forgetting your own AmazonPay!
Agreed but that’s small business. When you get big enough you move on to in-house payment processing (like Uber). So Stripe is only sustainable when they keep getting small businesses because the big whales will leave.
If you actually have the option to invest absolutely do it
I was going to say the same, is there any way?
I would trade my cash compensation for equity in a heartbeat. AFAIK, the only way to get equity as an individual is to work here.
Giff IPO 🐂
As someone familiar with Internet marketing and e-commerce people; not using Stripe isn't even an option. It's vastly superior to anything else, especially Paypal. With e-commerce and Internet transactions on the rise... with a potential IPO, I think you can extrapolate.
Adyen processes more than double stripe, and they’re worth about double right now relative to stripe. Stripe pays a lot though.
Well, public disclosures are limited ;-)
Read this https://stratechery.com/2020/stripe-platform-of-platforms/ and https://notboring.substack.com/p/stripe-the-internets-most-undervalued-ec3 to realize why they aren't only payment processing
This
For Stripes in the thread, let’s not hint info on a public app :)
Also you can report real or false disclosures and hopefully blind removes.
Your last statement is not right. Not everyone can create payments business or infrastructure. Essential part of payment system is clearing and accouting system for which they still have to rely on banks. I work for one of small corporate payment channel at Barclays and we process £55b per month.
I suspect that you are off on your top line estimate (30B) by 600%+
You think they process 180 billion worth of payments per year? I mean that would be possible if they processed payments for all of Amazon and Apple but they have their own payment processing.
They process payments for all of Shopify Payments among others. Yes, very easily.