Stripe Is Now a $20B Company
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Stripe Is Now a $20B Company
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Re: Stripe Is Now a $20B Company
#2> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc.
If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on the order of 25% to 40%.
Re: Stripe Is Now a $20B Company
#3> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc. If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on th…
I wouldn’t assume it’s exclusive. At the scale of Uber, it may be worth keeping both systems running and split usage between the two to negotiate the best rates.
Re: Stripe Is Now a $20B Company
#4> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc. If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on th…
I wouldn’t assume it’s exclusive. At the scale of Uber, it may be worth keeping both systems running and split usage between the two to negotiate the best rates.
That also has the benefit of system redundancy, in case one goes down.
Re: Stripe Is Now a $20B Company
#5The thing I love most about Stripe is that they have invested quite a lot of resources in their Atlas program to help people from around the world get a level playing field.
Before Stripe Atlas there was not a single resource that would allow a non American to setup a bank account for their company totally virtually without ever visiting US (i know because I spoke to at least a dozen of different people and everyone agreed that while they could open a company for me, opening a bank account was impossible after the patriot law (?) yet somehow Stripe managed to do it).
So not only they have made great accomplishments in the dev part with their amazing API they have also made a huge difference in many other aspects too that only a few know about.
Re: Stripe Is Now a $20B Company
#6[deleted]
Re: Stripe Is Now a $20B Company
#7> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc. If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on th…
A lot of companies will have different payment solutions to deal with fraud and rebill failures. A charge may get rejected by one gateway and then accepted by the second or third.
Re: Stripe Is Now a $20B Company
#8The thing I love most about Stripe is that they have invested quite a lot of resources in their Atlas program to help people from around the world get a level playing field. Before Stripe Atlas there was not a single resource that would allow a non American to setup a bank account for their company totally virtually without ever visiting US (i know because I spoke to at least a dozen of different people and everyone…
My startup went through Atlas a couple years ago when it was in beta, and it was amazing. It let us focus on actually building the business rather than screwing around with generic corporate structure and banking, and the team seemed to be fully invested in removing as much legal noise from starting companies as they possibly could. Any problems we had they were there with us to make them disappear.
John Collison apparently said the goal of Atlas was to have an impact on access to entrepreneurship that would be visible in macroeconomic indicators, and the team seemed to really be putting in the work to reduce barriers to entrepreneurship and make that happen.
And all of it for $500, and they gave us like $5k in AWS credits. It was such a good deal that it didn't even make sense, which I assumed was because it was in beta, but it doesn't even look like it has changed.
Re: Stripe Is Now a $20B Company
#9Earlier quoted context omitted.
I wouldn’t assume it’s exclusive. At the scale of Uber, it may be worth keeping both systems running and split usage between the two to negotiate the best rates.
That also has the benefit of system redundancy, in case one goes down.
Large companies typically do payments in batches, not one-by-one, so the redundancy is not needed.
However, if they're trying to do per ride auths, then they might need redundancy there. Hard to imagine they do that.
Re: Stripe Is Now a $20B Company
#10> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc. If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on th…
Though Uber did add pay with Venmo, which is owned by Braintree/PayPal.