Stripe - Competitor Profile

Stripe - Competitor Profile

Summary

Stripe is a global payment services provider. Founded in 2010, the solution allows online merchants and vendors to accept payments for products and services offered through their own websites and mobile apps, as well as for those offered through third-party online marketplaces and platforms. Stripe works on all web-enabled devices. It has been deployed by a host of businesses globally, including online merchants, marketplaces, and platforms.

The solution allows businesses to accept payments in over 135 currencies through more than 100 payment methods including debit and credit cards, Automated Clearing House (ACH), Apple Pay, and Alipay. In the US, it is supported by major card schemes Visa, Mastercard, American Express, eftpos Australia, Discover, JCB, Diners Club, and China UnionPay.

As consumers and businesses are increasingly adopting social media and network platforms, in May 2023 Stripe partnered with Microsoft to introduce Team Payment. This solution enables hosts to accept card payments in real time during meeting, events, virtual appointments, and Teams sessions. Stripe also introduced similar services in Singapore in the same month, allowing businesses to accept payment directly on WhatsApp chats.

The report provides information and insights into Stripe including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its Revenue Model
• The company's important events and milestones

Scope

• In 2010, Stripe was founded.
• In July 2016, Stripe partnered with American Express, allowing merchants to add Amex Express Checkout, which enables users to make in-app and online payments using their American Express login without disclosing their card details.
• In June 2019, Stripe launched Chargeback Protection, a new service built on Stripe’s machine-learning-based fraud detection system Radar, which prevents fraud and protects sales against future chargebacks.
• In July 2022, Stripe partnered with digital-only bank Revolut to offer Stripe payments infrastructure in the UK and Europe.
• In March 2024, Stripe partnered with transport service provider Hertz to allow Hertz customers to use the Stripe Termina payment solution, enabling them to make in-person and online payment via Stripe.

Reasons to Buy

• Gain insights into Stripe business operations and key events.
• Gain insights into its product portfolio and revenue model.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.