rscherf

7 ms·

1.
by rscherf 2y ago
Take a look through the original thread. Lots of hot takes didn't age well. Currently processing $14M per month in gross volume ~ $150K/Month. AMA!
2.
by rscherf 7y ago
I always had an interest in design, designing a lot of websites before and during college. My first job out of college was a Java Support Dev, for a health care company, which was soul-sucking. Troubleshooting production bugs and fixing the
3.
by rscherf 7y ago
Chip & pin is not a requirement in the US, but I agree with you that using it does alleviate risk. This is why Stripe offers a fee discount to 2.7%+5c when using their card reader vs. 2.9%+30c. These are common fee structures for other
4.
by rscherf 7y ago
There are several copycat apps that have tried varying pricing structures (some more like 1.3%) and others that tried to go lower (like 0.1%).
5.
by rscherf 7y ago
Looks like the redirect is broken. Try https://paymentforstripe.com
6.
by rscherf 7y ago
I should mention, I already went through that with Stripe once. I did an interview for Mixergy here describing what happened. TLDR: I built an analytics app on Stripe, then they launched Dashboard for iOS. Didn't matter because we knew
7.
by rscherf 7y ago
That argument doesn’t make any sense to me. Stripe gets 2.9% regardless of how many users I have. It’s just volume to them.
8.
by rscherf 7y ago
It’s handled as non card present, similar to e-commerce. At some point, 3DS will be required.
9.
by rscherf 7y ago
We have an integration with Payworks for non-US, but mostly hoping Terminal rolls out globally soon. But, no card reader is required.
10.
by rscherf 7y ago
Not required in the US. Email receipts are built into Stripe if you provide emails.
11.
by rscherf 7y ago
Thought about this so many times with domain registrars. I’m content not being a huge company. Way simpler.
12.
by rscherf 7y ago
Larger user base will hopefully protect me from being cut off.
13.
by rscherf 7y ago
Daniel Vassallo’s post might be interesting to you: https://danielvassallo.com/only-intrinsic-motivation-lasts/
14.
by rscherf 7y ago
Ha, extra space was great, but hated the location. Spent all our time in the car (I was working remotely as an FTE), so basically stranded.
15.
by rscherf 7y ago
Didn’t. First integrated with Magtek (insanely painful). Then I wished that another company would make it simpler. Along cane Stripe’s Terminal and here we are.
16.
by rscherf 7y ago
Bingo, although the YAUs is a bit lower than that for obvious reasons. However, simple solution for these places to depend on for in person charges. Though the private jet company and exotic car rental place are a touch higher than that.
17.
by rscherf 7y ago
Great question. It’s not about the money, but more about how I was passive for too long just letting it be. I’ve waited to invest in several things for growth until I knew had the market cornered. I’m not too concerned about adding more fea
18.
by rscherf 7y ago
This is EXACTLY what I did, and I agree there are soooo many opportunities like this. I think most people are risk averse to it as they think the API might get shut off, but I look at it as a really quick way to build something. If it gets
19.
by rscherf 7y ago
Thanks! So far, so good after 1.5 years. Truly sucked stuffing more capital into the business as there is a lot concentrated there that is somewhat illiquid, but our working relationship has soured enough that it made sense. No regrets.
20.
by rscherf 7y ago
That’s right, second is Apptweak
21.
by rscherf 7y ago
Happy to not be selling my soul to another Evil Inc or having a boss... tried that several times before.
22.
by rscherf 7y ago
I’m the founder, and although I can’t speak for the other posts, I can assure you the numbers are real. Several posts in my personal and business Twitter feeds can confirm.
23.
by rscherf 7y ago
Thanks! I work closely with several people at Stripe already across many different teams, so not really holding out hope for anything. Very happy and content with where I’m at.
24.
by rscherf 7y ago
I guess it’s possible they’ll eat it, but they sort of already are. They get the benefits of my work on growth as they get their same fees and don’t have to dedicate anyone to an app.
25.
by rscherf 7y ago
Doubtful.
26.
by rscherf 7y ago
I’m definitely not trying to peddle advice, I was just approached about my story. I think there are tons of micro niche things like this that can be built to earn a living (I have a list of 5 I’d build on top of just Stripe if I had the tim
27.
by rscherf 7y ago
Agreed, but spent most of it on the business and buying out my partner in the first 4 years.
28.
by rscherf 7y ago
Thank you! I’ll be first to admit it was perfect timing (which wasn’t planned at all). The freedom is what I was looking for; if nobody buys it, I’ll happy just keep running it. If Stripe launches the same features, I’ll figure out how to p
29.
by rscherf 7y ago
Why instantly? Is there not a market for more than one third party app with separate features? Does Stripe want to compete with Square, or are they focused on larger things? And if they do, I got nearly 5 years out of it, which is the longe
30.
by rscherf 7y ago
Unicorn isn’t the goal, I’ll let Stripe be that. I’ll take the financial freedom.

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