Stripe do hold money on account of other people. When a customer pay, it does hold the money sent by the customer until your forward it to your account.
On one hand, it's safer they only hold money for a day or two.
On the other hand, no FDIC insurance. If Stripe (or Visa or Mastercard) were to poof, what would actually happen to in-flight money? Seems like you could pretty easily lose a day or two where the client got charged, and it never got paid out.
mpweiher|2 years ago
brianwawok|2 years ago
On one hand, it's safer they only hold money for a day or two.
On the other hand, no FDIC insurance. If Stripe (or Visa or Mastercard) were to poof, what would actually happen to in-flight money? Seems like you could pretty easily lose a day or two where the client got charged, and it never got paid out.