Stripe (company)

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Stripe
Founder(s) Patrick Collison
John Collison
Area served USA, Canada, UK, Republic of Ireland
Employees 84 (January, 2014)[1]
Website stripe.com

Stripe is a company that provides a way for individuals and businesses to accept payments over the internet. Co-founded by brothers Patrick and John Collison, it has received around $40 million USD in investment from Sequoia Capital, Andreessen Horowitz, General Catalyst Partners, Redpoint Ventures, SV Angel, and PayPal founders Peter Thiel and Elon Musk.[2][3]

Stripe has announced that it is committed to transparency and will post legal requests from a third party to stop doing business with a user to the Chilling Effects Clearinghouse website.[4]

Stripe charges a fee of 2.9% + $0.30 per successful charge.[5] This rate is higher than the rate charged by conventional credit card processors [citation needed], but Stripe says the total cost to its customers may be lower, because Stripe has no setup fees, no monthly fees, no minimum charges, no validation fees, no card storage fees, and no charge for failed payments.[6]

Paul Graham wrote an article saying that processing payments online is "one of the most important components of the world's infrastructure" but a "painful" experience, and that Stripe is trying to fix that problem.[7]

History

On March 11, 2013, Stripe acquired chat and task-management application Kickoff.[8]

See also

References

  1. ↑ "Stripe About page". 
  2. ↑ Takahashi, Dean. "Stealth online payments startup Stripe draws backing from PayPal founders". VentureBeat. Retrieved August 23, 2011. 
  3. ↑ Tsosis, Alexia. "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved January 19, 2013. 
  4. ↑ Payment Processor Stripe Buys Into Transparency and User Rights By Ryan Singel, Wired 09-28-12
  5. ↑ "Stripe pricing". Stripe. 
  6. ↑ "Stripe Pricing - United States"
  7. ↑ Paul Graham. "Schlep Blindness". 2012.
  8. ↑ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 16 January 2014. 

External links


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