We love this kind of work: putting a team of experts on an arbitrarily arcane and specific problem… and creating platform benefits that make millions of businesses better off.
-
-
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Hiring ML engineers?
-
Most definitely!
- 1 more reply
New conversation -
-
-
Nobody can understand what you’re talking about but $1B in incremental revenue for your customers is awesome, so nice job!
-
I had to watch the video, but it sounds like the banks that end up settling the payment have undocumented and maybe unknown requirements for incoming messages, so stripe constantly experiments to see which message format is most likely to avoid arbitrary rejection. Pretty cool.
- 1 more reply
New conversation -
-
-
Team Stripe, can you explain in lay terms what Patrick means here, please? I assume this somehow lowers transaction costs?
-
when you put in your CC info into Stripe, Stripe takes the info, sends the data to the bank that will actually release the money. Each bank has its own unique dumb way of accepting the info, sometimes errors in this cause banks to reject legit transactions.
- 1 more reply
New conversation -
-
-
For those of us wanting to learn more - this seems related:https://youtu.be/upQiW3IUFAg
-
Thank you, for posting the link to Stripe Session 2019: Tackling the conversion challenge with ML.
- 1 more reply
New conversation -
-
-
How does optimizing bitfields increase revenue? Unless I'm wildly misunderstanding (very possible), it sounds like something that would decrease expenses and possibly therefore increase profit, but not revenue?
-
I *think* the result is a marginal improvement in auth rates, which means more transactions go through that might not have otherwise. For marginal customers who wouldn't have retried their purchase, this captures that otherwise-lost revenue. Related:https://youtu.be/upQiW3IUFAg
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.