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How does Patch position itself in relation to Stripe and Stripe Climate, as another API-based carbon offset company?
Brennan Spellacy
Co-founder & CEO at Patch
It certainly could be, but what we’re seeing often is that in order to use Stripe Climate products, you have to use Stripe as a payment processor, so that's inherently limiting.
Will that always be the case? Probably not. But it's currently the case today. So most of what Stripe Climate is really enabling at least in its current form is related to procurement and helping folks make contributions towards that by putting a percentage of their gross volume to some form of carbon removal.
However, you don't get to choose how you allocate your funds, you don't get to choose when they get allocated or to what mechanism, and you don’t get to choose what the failure outcome looks like. There's not a lot of control there, and so it's a really nice, easy-to-get-started feature, but it doesn’t offer a lot of control.