The cards draw from a Stripe balance, which can be funded from a connected bank account (or ordinary Stripe charges).
The cards draw from a Stripe balance, which can be funded from a connected bank account (or ordinary Stripe charges).
Also, my understanding of payments is that the issuing bank is a big recipient of the fees that merchants pay. (This is of course what makes rewards cards possible.) In this case, Stripe is the issuing bank, so presumably gets a big chunk of the fees. Are there plans to share that with the Stripe Issuing developer? (For example, let's say I plan to launch the Zip Line Adventure Bonus Card - ZLABC. For every dollar a ZLABC customer spends, they get a point, and after 10,000 points I pay for them to go on a zip line adventure at a partner park. As a normal bank, I could fund that because I get somewhere in the 1%-2% of each transaction that my customer spends. In this case, Stripe gets it, but if Stripe shares some of that with me, I could find my wacky wimpy rewards card idea.)
If I create a physical card through stripe, and I use that card at a retailer does the retailer still pay a interchange fee? If so who does that go to? How does that system work?
Looked through the docs and meets the same needs that Emburse meets.
Cards draw from a Stripe balance (which is funded by payments that go through Stripe (or top-ups).)