Stripe launches in UK + multiple currency support!

A

Alex - A2 Hosting

Active member
Yes, finally! :) Got them added to a personal project of mine :)

Hi,

I work at Stripe's London office. Good news: we have launched in the UK!
Here's our blog post: http://stripe.us7.list-manage.com/track/click?u=563cd4f1a363a0579099c817c&id=104e4d50cc&e=498db1e72f. I wanted
to get in touch to thank you for your support and feedback during our beta.
You've helped shape the product we're proud to release today.

In addition to now being available to everyone, we have some new updates:
multicurrency support, American Express, and updated pricing.

Multicurrency
You can now charge in USD, GBP or EUR. If you don't have a bank account for a
given currency, we'll automatically handle the conversion for you. This means
that you can charge in USD or EUR and have us transfer the funds to your
regular GBP bank account. Read more:
http://stripe.us7.list-manage.com/track/click?u=563cd4f1a363a0579099c817c&id=3cc3de5e0a&e=498db1e72f

American Express
You can now accept all American Express cards in addition to Visa and
MasterCard. There is no setup required and no additional fees.

Lower Pricing
Next, we've lowered our pricing: Stripe now starts at 2.4% + 20p per
transaction + VAT. We're going to make this rate apply retroactively: we'll
shortly issue you a refund for the difference in fees for any payments you've
processed at our previous beta rate of 2.9% + 30p. Volume pricing is
available for businesses at scale—please get in touch if you expect to
process more than £250,000 in the next year. Read more:
http://stripe.us7.list-manage.com/track/click?u=563cd4f1a363a0579099c817c&id=b6e1c2d498&e=498db1e72f

We've opened an office here in London covering everything from engineering to
support, and we're excited about how our global expansion helps us provide
you with improved service when you need it.

If you have any questions about our launch, let me know. We're hugely
grateful for your support and we'd love to hear from you.

-- Andy
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We've been on their UK beta for the past few weeks and are happy with not only the service but also their support. Now they've gone live and reduced their fee's we're even happier :)
 
Yeah they are really pushing forward with this international expansion :).

The multiple currency feature was the only missing feature which stopped me using them, now they are implemented, tested & working perfectly :).
 
That's great Alex. I have been using them for approximately 6 months now I think and no complaints either. Payments are always on time and I generally handle fraud from my end so no issues with chargebacks either
 
starts at 2.4% and 20p per transaction + VAT
Click to expand...

Eh? So we pay 2.4% + 20% plus 20p per transaction? you kidding me ? right?

No wait

Stripe fees at the Irish VAT rate, currently 23%
Click to expand...

My bad, they charge 23% on the fees only, but still that is not going to work out cheap...
 
Last edited:
dedideals said:
Eh? So we pay 2.4% + 20% plus 20p per transaction? you kidding me ? right?

No wait



My bad, they charge 23% on the fees only, but still that is not going to work out cheap...
Click to expand...

That wouldn't be VAT on your total charge but VAT added to their fee.

So a $10 charge at 23% VAT would be $0.12 in VAT and for all other fees around $0.50 or so - totalling $0.60 - $0.70 per $10 transaction.
 
I have yet to look into Stripe, but I've been seeing more and more about it recently. The currency conversions look really appealing, although currently with my target market it doesn't make too much of a difference. Based on the recommendations here I'll definitely be looking into it.
 
IWSNetworks said:
Dear Alex,

Had you good experience with them ?
Let me know if you have free time :d
Click to expand...

I've had a very good experience with them. They always respond to my queries very quickly and are a very friendly bunch.

As for free time, feel free to reach out to me for what ever it is you need via PM.
 
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