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Discussion
Andy Keil
@alwaysunday · Product at Rodio
$1 per transaction seems a bit steep but I'm not sure how much heavy lifting there is behind the scenes. Just that venmo and Square do this free.
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Ben Drucker
@bendrucker · Founder, Valet.io
Venmo and Square are loss leaders though. Stripe just announced this feature on Wednesday (https://stripe.com/blog/send-mon...) at 25¢/transaction. I just don't see a place for Balanced in the payments space in the long run.
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Jack Smith
@_jacksmith · Serial Entrepreneur & Startup Adviser
@bendrucker I think that Balanced are doing things via an interesting approach that is very appealing for Marketplaces. Certainly, my preference is for them over Stripe in a number of scenarios currently. Agreed it is tough to differentiate though. Apparently (from the dialogue), the way that Stripe are approaching things isn't necessarily the "right" way to… See more
Ben Drucker
@bendrucker · Founder, Valet.io
@_jacksmith I'm actually thinking about making the switch soon. I love their model, but it's hard to make that work in practice when Stripe can observe and preempt their feature set.
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Jack Smith
@_jacksmith · Serial Entrepreneur & Startup Adviser
@bendrucker to switch from Balanced to Stripe?