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Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 3 comments | 26 Sep 18 18:04 UTC | HN request time: 1.278s | source
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40acres ◴[26 Sep 18 19:22 UTC] No.18079361[source]▶
In 2017 e-commerce accounted for 9% of all retail sales. If I recall correctly, Amazon is the biggest e-commerce vendor and they are using Stripe.

There are no sure bets in business, but If I had to bet on a private software company's survival 20-25 years down the road I'd be hard pressed to bet against Stripe. I also think their leadership is very impressive w/ the Collision bros at the helm.

replies(1): >>18079503 #
pythonaut_16 ◴[26 Sep 18 19:39 UTC] No.18079503[source]▶
I hadn't heard about Amazon using Stripe before.

Here's an article from 2017 talking about it: https://www.geekwire.com/2017/amazon-quietly-starts-using-st...

replies(1): >>18079828 #
ttul ◴[26 Sep 18 20:14 UTC] No.18079828[source]▶
Amazing. I wonder why? Amazon must have insane deals with the credit cards. This must be to access some tech that amazon doesn’t want to replicate for some small slice of its business - maybe on the fraud side.
replies(2): >>18080192 #>>18081536 #
1. was_boring ◴[26 Sep 18 20:54 UTC] No.18080192[source]▶
I would imagine that they have an integration with dozens of providers. It makes sense to spread it out so your business cannot be bullied by any single third party dependency and you can pit them against each other to get favorable terms across the board.
replies(1): >>18080882 #
2. debacle ◴[26 Sep 18 22:41 UTC] No.18080882[source]▶
When you are as big as Amazon, there's a lot of money left on the table if you're running payments through a third party.
replies(1): >>18081034 #
3. Aeolun ◴[26 Sep 18 23:09 UTC] No.18081034[source]▶
Not necessarily. You can likely bring your own processor and the deal you negotiated with them.