I just feel like Stripe is inherently limited because of who they work with. They're not the top of the totem pole. So it means that they can't screw you over, otherwise some investor is going to wise up, take a small amount of capital and work directly with the processors. I imagine you could bootstrap a Stripe alternative with just under $1,000,000-5,000,000.
I mean what's stopping people from signing up directly with Chase Paymentech or Wells Fargo Merchant Services and just creating their own Stripe? Or if you wanted to, talking directly with Visa, MasterCard, and American Express.
There's an absolute floor to these solutions, and it's clearly 2.9% + 25-30c. You cannot grow beyond this. You have to do more.
If you're interested in doing this, I'll help you build the team.
I mean what's stopping people from signing up directly with Chase Paymentech or Wells Fargo Merchant Services and just creating their own Stripe? Or if you wanted to, talking directly with Visa, MasterCard, and American Express.
There's an absolute floor to these solutions, and it's clearly 2.9% + 25-30c. You cannot grow beyond this. You have to do more.
If you're interested in doing this, I'll help you build the team.