Amazon Pay vs Stripe
Last updated: April 06, 2018
Millions of Amazon customers can login and pay on your website with their stored account information on Amazon.com. Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
Stripe builds the most powerful and flexible tools for internet commerce. Whether you’re creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform, Stripe’s meticulously designed APIs and unmatched functionality help you create the best possible product for your users.
Amazon Pay vs Stripe in our news:
2018 - Stripe launched online billing tool
Stripe is launching a billing product for online businesses. That’ll allow them to handle subscription recurring revenue, as well as invoicing, within the Stripe platform and get everything all in the same place. The goal was to replace a previously hand-built setup, whether using analog methods for invoicing or painstakingly putting together a set of subscription tools, and make that experience as seamless as charging for products on Stripe. This launch is, in part, a response to customers demanding a billing product that gets all these invoices and subscription expenses into a single spot. Stripe at its heart is an enterprise company, which means it has to keep close tabs on the needs of its customers while still balancing the needs to continue creating new products that small businesses didn’t realize would actually solve those problems in an elegant way. So Stripe now provides better billing in comparison to Recurly
2015 - Payment processing company Stripe partners with Visa
Payment processing company Stripe is now valued at $5 billion following its latest round of financing. Besides, the company raised almost $100 million and inked a deal with Visa which will see the duo work together on a range of projects, including digital transactions and security. The company has been focused on growing its international footprint for some time, which is another reason it is teaming up with Visa. CEO and co-founder Patrick Collison told The New York Times that Stripe will lean on the payment giant’s international presence and know-how to expand its current coverage of 20 countries.
2015 - Stripe released iPhone app for monitoring payment activity
Stripe, a service that companies can use to accept payments, has a new way for businesses to track purchases and user activity — an iPhone app. It does basically everything its existing online dashboard does, but brings it to an interface more suited for a mobile device. Businesses can also set up notifications for whenever a payment or purchase is made or set up a daily summary. Stripe’s iPhone application also has a search function. But a mobile application is naturally good to have around. For a business owner stuck in traffic in a taxi, Uber or Lyft (don’t look at your phone while driving, please), or riding some kind of public transportation, it’s a good way to get a quick update to what’s happening.
2015 - Stripe gets Balanced customers to take on CyberSource
Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough. The company has struck a deal with one of its longtime rivals, Stripe, to act as its transition partner for existing customers. Еhe closure will affect around 320 customers, with the current list including sites like crowdfunding platform Tilt, RedditGifts, Tradesy, Relay Rides and Artsy, processing “hundreds of millions of dollars” annually. As a point of comparison, Stripe’s CEO Patrick Collison says that Stripe processes “billions of dollars a year for thousands of businesses in 18 countries around the world.” Balanced also competed against companies like WePay, Dwolla, Amazon Payments and PayPal.
2014 - Stripe - the new king of online payment processing
Stripe, the ultra-hot payments processing service, has raised $70 million in funding at a $3.5 billion valuation. And this valuation has doubled in less than a year. Stripe was founded in 2010 with the goal of making it easier for businesses to process payments online. Now it helps power commerce services from big names in tech like Twitter and Apple. And it Stripe will power Facebook’s Buy button. "The vast majority of online transactions when we started were processed by this legacy infrastructure of banks and merchants," - says Stripe founder, Patrick Collison announced its previous funding round. "We don't really see anybody else approaching the problem the way that we do and thinking about building the platform of internet commerce."
2014 - Stripe will power Facebook’s Buy button to keep up with Klarna
Stripe, the e-payments provider, will power the “Buy” button for Facebook users using the social network to shop online. The new button will allow users to buy goods featured in ads or posts. A Facebook spokesperson confirmed that Stripe is the sole Facebook payments partner behind ongoing tests of the new button. Stripe already has payments partnerships with Apple, Twitter and Chinese digital payments service Alipay. The company is partnering Apple for its new Apple Pay mobile payments service. Facebook has partnered other payments companies on different features, including PayPal's mobile payments unit Braintree.
2014 - Amazon launches mobile card reader to compete with PayPal and Square
Amazon entries into the mobile payments market with Local Register - a card reader and mobile app for small businesses. The new product competes directly with companies like Square and PayPal in the fast-growing market for payment transactions. Local Register requires users to register, purchase a $10 card reader and download the free app, which is available through Amazon, Apple or Google. Once signed up, users receive the first $10 in transaction fees back, canceling out the initial cost of the reader. Amazon is launching the product with a limited time offer aimed at enticing businesses to sign up. Any company that signs up before October 31 will be charged 1.75% per swipe until January 1, 2016, below the 2.75% charged by Square and 2.7% charged by PayPal 's card reader program Here. Amazon's standard rate will be 2.5%.