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Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 1 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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captain_perl ◴[26 Sep 18 18:57 UTC] No.18079139[source]▶
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.

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philip1209 ◴[26 Sep 18 19:12 UTC] No.18079274[source]▶
I don't think they auth per ride. I definitely had a "you owe us money" flow after getting food successfully delivered though Uber eats on a deactivated card.
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1. adw ◴[26 Sep 18 20:40 UTC] No.18080057[source]▶
I get push notifications on auth on both my debit and credit cards. Weak evidence, but my hunch based on what I see there is that there's some dollar value where they pre-auth (somewhere around $25, I think).