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Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 2 comments | 26 Sep 18 18:04 UTC | HN request time: 0s | source
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cloakedarbiter ◴[26 Sep 18 18:17 UTC] No.18078749[source]▶
> 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%.

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djajshgsjja ◴[26 Sep 18 18:22 UTC] No.18078802[source]▶
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.
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dajohnson89 ◴[26 Sep 18 18:24 UTC] No.18078821[source]▶
That also has the benefit of system redundancy, in case one goes down.
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1. zck ◴[26 Sep 18 19:14 UTC] No.18079293[source]▶
"Goes down" could include things like "we're going to increase your pricing by 10 cents per charge". It's a much stronger negotiating position that Uber is in if they can say "we can switch 100% of our volume to Stripe in a minute by going to admin.uber.com and flipping a single feature flag".
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2. adtac ◴[27 Sep 18 06:58 UTC] No.18082531[source]▶
Or even better: "we automatically route traffic to the cheaper option and this requires no human intervention, so don't even bother"