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by richardw 1402 days ago
Might not be a popular opinion, but I’d guess that they’ve just de-risked a lot across the board. Fair chance we hit a real recession and if we do, people will be hitting those cards. Unfortunately it catches the solid clients too.

I’d guess Stripe has an exceptionally good view of what’s going on in the economy, worldwide.
1 comments
icelancer 1401 days ago
No doubt. Very possible. Makes sense given the fact their model docked us 66% credit limit despite nothing changing in our financial health model outside of an LOC/cash switchover (which is a normal setup for ecom businesses).

Just wild that AMEX and other banks have zero issue giving us a limit 3-5x that (verified it today!) but Stripe can't. AMEX account rep is begging for us to come back. Just sucks since Stripe's invoicing integration is absolutely nails, and all third party ones I've used are horrible (special shout to SAP Concur for being the worst of all time).

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joshmanders 1401 days ago
> Just wild that AMEX and other banks have zero issue giving us a limit 3-5x that (verified it today!) but Stripe can't.

Probably because Stripe is about 50-60B in valuation lower than AMEX and AMEX is a bank with long history with the government so bailouts are probably a high possibility for them to play loose like that. Stripe not so much.

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phpisthebest 1401 days ago
AMEX and other banks probably have the Fed on Speed dial to get that bailout money

While Stripe is big, they have not been around long enough to have built up the "To big to fail" government crony status of larger, longer lived companies so stripe would likely be allowed to fail where other companies will never have to pay for their miscalculations

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