I love the strategic advantage Stripe is creating with Checkout and Customer Portalhttps://twitter.com/frankdilo/status/1305890609891364869 …
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Stripe loses pricing power as soon as a company can say “let’s just swap them out for someone cheaper,” so the focus should be on anything that prevents that discussion from happening both within the finance and engineering teams.
Judging from the outside, I would: (1) Expand the customer portal (web/native) (2) Integrate a tax engine (3) Continue to expand global reach On the other hand, I don’t see the strategic benefit of corporate cards
Seems like they are indeed trying to move away from the more commoditized products. Though despite cheaper options being available, they seem to have been the go-to choice for startups over the last 3-5 years (ease of integration and brand differentiating them)
Startups have high opportunity costs, so they value ease of implementation and quality of service more than cost of goods. Most other payment service providers can’t match Stripe there because they price too low to invest in those areas.
I think they are working on 2 (I like this idea, in addition to building more automated tools in the backend - potentially benchmarking against peers). Agree with 3. On 1 - do you mean easier access to their Sigma product? (SQL environment)
The Stripe billing customer portal allows companies to have their users change payment settings without needing to build those features themselves https://stripe.com/blog/billing-customer-portal … Moving away from Stripe would now incur the cost of “shit, we need to build all these admin features”
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