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by csa 1793 days ago
Stripe has been doing this for at least a few months now… maybe since last year.

It’s a nice feature.

Frankly, PayPal has been doing a version of this for years where they would put a hold on your funds and then (usually) offer you a loan that would cover most/all of the money held. Of course, they called all the shots, but the idea was there.
2 comments
mchusma 1793 days ago
It's an expensive loan though. Stripes offer was about 45% APR, which was higher than Kabbage, Fundbox, and a host of other fast/easy loan providers.
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mchusma 1793 days ago
It's a very expensive loan though. I did the math on our stripe offer, and it was o
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yesimahuman 1793 days ago
Yea, we recently got a Stripe Capital loan offer, but it didn’t seem compelling at all. We’re clearly not their target customer for that but as a tech startup doing SaaS I kind of figured we would be their target customer. The offer was orders of magnitude less than our ARR on that account.
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