Technology has come a long way — especially in the past decade. We’re now able to pay for items at the touch of a button and retailers can experience traffic and sales on a global scale. At the center of this eCommerce phenomenon is Stripe, the world’s second largest digital payment solution.
Why take payments with Stripe?
Serving over 100,000 customers across 25 different countries, Stripe is the payment processor of our generation. Valued at $9 billion, Stripe keeps their financials close to their chest, however, analysts estimate that the company handles $20 billion in transactions per year. Not bad for a company that only launched in 2011.
Stripe works in partnership with global brands such as Adidas, Facebook, and Salesforce. The payment processor also integrates and extends to work with Xero, Slack, and Control, plus other imperative tools that help companies navigate analytics, accounting, and more.
Backers of Stripe include PayPal founder Elon Musk and Marc Andreessen of Andreessen Horowitz, Visa, and American Express.
The Stripe Ecosystem
Stripe puts online businesses at the center of the company focus, and it shows with their Works with Stripe integration page. The payment processor’s ease of setup and ability to integrate with third-party tools, products, and apps creates an ecosystem that allows for all areas of a business to work seamlessly together. Here are few ecosystem highlights.
Stripe works with analytics apps to give business owners in-the-moment access to data, enabling them to make important decisions on the fly.
Stripe’s extension into automation platforms aims to save a business time and money.
Card Readers and POS
The payment processor integrates with physical card readers and POS systems, allowing for business owners to expand their online empire into physical realms with ease.
Good customer support should be at the heart of any online business. By supporting these apps, Stripe helps business owners scale and grow their business.
Pivotal to Stripe’s success has been its ability to become a popular payment processor for eCommerce businesses. Essentially, this is where the Stripe ecosystem flourishes and allows online business owners to receive payments on a global scale through partnerships with Squarespace, Shopify, Weebly, and more.
The future for Stripe focuses on the processor’s ability to partner with other software and systems — for example Apple Pay and Android Pay. Working together to avoid conflict center to Stripe’s business model, it’s no surprise that they’ve built an ecosystem that’s continually welcoming new additions and helping businesses on a worldwide scale.
Know someone else using Stripe for their business? Share this infographic and give them a more streamlined operation.
Infographic designed by Visual Capitalist