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Comment by tananaev | Hacker News Reader

Why is this such an important news? Do people regularly use instant pay out? I would think that it's mostly for emergency situations. Normal payout is still free.

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I don't think the bar for appearing on the front page of HN is "important news"

This is mildly interesting, and maybe important for a few people. That's enough.

It's apparently lower than "I made a raycaster in 256 bytes" and higher than "I got banned from Stack Exchange for not supporting Israel". I can't really tell where the bar is.

Did I miss something? The most recent post with the word "banned" in the title was apparently 5 days ago...

It was this I believe -- https://news.ycombinator.com/item?id=40281699

Oh, good find, thanks. I guess flagged/dead posts don't show in search results >_>

I can't see where the original post links to, but if what the commenter said is true, you got banned not for "not supporting Israel" but instead for "supporting the slaughter of 200 teenagers".

Well, yes. That's how this works. In politics, nobody ever says they are punishing you for $obviously_insane_thing_to_punish_someone_for - they make a more plausible excuse to accuse you of. That woman arrested in Russia for holding a blank sign wasn't arrested for holding a blank sign - she was arrested for attempting to destroy Russia or something like that.

But this is too far off-topic. The point is, that was evidently below the bar of what's allowed on Hacker News even though I'd think as many people would have wanted to know what's going on on SE, as want to see a cool raycaster.

Can you share a link to it in one of your comments or your profile?

I mean, don't know if your post was an external link where you explained the issue, or if the explanation was directly embedded in HN, but currently I don't know what SE is retaliating for, and I'd like to be able to know

PS: Nevermind, I noticed I can enable "showdead" in the HN settings.

Doing so still keeps the URL hidden, but at least it reveals that the flagged post was pointing at immibis.com , so you can find the context there. (It seems to be the post from 2024 May 7th)

HN post rank != importance or interest, rather something more akin to "discussion quality + recency". A highly polarizing post with lots of comments vs votes or lots of flags will tend to rank lower than a neutral post with mild votes and mild discussion via the algorithm. A lot of that depends on the presentation, if the post presents something more controversial it still tends to float to the top as long as it is thoughtful instead of inciteful.

For gig workers, instant payout is a nice deal and increases the value of the platform, so being able to flow from customer to worker seamlessly is a value add.

In some industries, for example where tipping is important, getting payouts at or almost at the speed of sales is often a differentiating factor.

Ask your Uber driver on a Thursday!

I've met drivers who have had to pay out multiple times per day.

Uber can easily just have 2 days of revenue ready in cash (or even a loan will be much cheaper than 1.5%) to not pay 1.5% every time.

You may be missing vital info, here: Uber isn't paying the surcharge — it's the driver!

Genuine question. In what way free? Stripe still takes their fees? Or is there a way to avoid fees when sending an invoice to a client?

I'd guess advertisers might like this feature as they could do:

- Buy ads targeting your page selling stuff (for example a course) - Generate revenue - Instant payout - Repeat

In this flow you don't need to wait 1 month for a payout so you are not limited doing this once a month, you can do this for example 12 times a month therefore generating much more revenue.

I think stripe was a YC funded company at some point. Algos on hn pump them hard.

Founder still lurks HN as well.

I get stripe was YC, but its basically handling the entire SaaS economy at this point, and then some. 1 trillion dollars flew through the platform in the past year, which is similar to paypal

for Fintechs who're using Stripe as a way to allow users to purchase stock/remittances/e-wallet balances etc. instant payouts are very important since in most cases people who load with stripe also consume those funds on the platform instantly

Won't they have a rolling period, since a lot of customers just add funds and might not use it?

So you can use the balances from the people who added money 2 days ago, today.

In many countries (including most states in the US), comingling funds between users is how you go to "jail" as it is usually a criminal offense.

see: Money Transmission laws

That by itself is not commingling. Money is fungible, and https://en.m.wikipedia.org/wiki/Float_(money_supply) is a well established and widely used concept.

If you send another person’s money to a different person, they effectively came from the same account and are therefore commingled. Your money is fungible, other people’s is not (unless you are a bank).

Some states have laws against floating, some do not.

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