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    Amazon-Stripe partnership

    (stripe.com)
    258 points polyrand | 21 comments | 23 Jan 23 15:38 UTC | HN request time: 0.631s | source | bottom
    1. marban ◴[23 Jan 23 15:53 UTC] No.34490301[source]▶
    ~2025: Stripe becomes Amazon SBS — Simple Billing Service
    replies(7): >>34490363 #>>34490691 #>>34491129 #>>34491654 #>>34491887 #>>34492375 #>>34506754 #
    2. napolux ◴[23 Jan 23 15:57 UTC] No.34490363[source]▶
    And the logo will be a blue square with the $ sign in it, rotated 45 degrees
    replies(2): >>34490487 #>>34492150 #
    3. marban ◴[23 Jan 23 16:04 UTC] No.34490487[source]▶
    A pyramid with Jeff's eye embossed on it.
    4. joshstrange ◴[23 Jan 23 16:15 UTC] No.34490691[source]▶
    I... I... I don't hate this idea...

    I'm all-in on AWS and I've drank the kool-aid so I'm obviously biased but I've quite enjoyed living in the AWS walled garden. Stripe is one of 1-2 external services I use, bringing that "in house" would be nice, especially if CDK had full support for creating merchants/etc.

    replies(1): >>34491597 #
    5. jahewson ◴[23 Jan 23 16:40 UTC] No.34491129[source]▶
    Amazon Simple Transactional Revenue Internet Payment Exchange.
    replies(2): >>34491993 #>>34492077 #
    6. mritchie712 ◴[23 Jan 23 17:03 UTC] No.34491597[source]▶
    What do you think would improve by Stripe being in AWS? As a Stripe customer, I like the way Portal[0] allows me to outsource payments (almost) entirely. I don't see the advantage (relative to the cost) of building it into my product.

    0 - https://stripe.com/blog/billing-customer-portal

    replies(2): >>34492555 #>>34494827 #
    7. Bhilai ◴[23 Jan 23 17:06 UTC] No.34491654[source]▶
    Stripe internal valuation is around $65B. I think its unlikely Amazon is going to spend that much to acquire Stripe.
    replies(1): >>34491983 #
    8. ignoramous ◴[23 Jan 23 17:22 UTC] No.34491887[source]▶
    You kid, but AWS had 2 year head-start on Stripe [0] and here we are...

    [0] https://archive.is/R7m9s / https://www.allthingsdistributed.com/2007/08/the_amazon_flex...

    replies(1): >>34492055 #
    9. fisherjeff ◴[23 Jan 23 17:29 UTC] No.34491983[source]▶
    $65B for payment processing is a lot. $65B to be magically inserted into the checkout flow of like every small to medium independent online retailer out there (exaggeration, I know) starts to look like a much better deal.
    10. marcosdumay ◴[23 Jan 23 17:30 UTC] No.34491993[source]▶
    The acronym is too long and distinctive. Amazon doesn't do that.

    Except for this, it's great.

    replies(1): >>34496027 #
    11. mardifoufs ◴[23 Jan 23 17:34 UTC] No.34492055[source]▶
    What went wrong? Why didn't it take off, and why doesn't amazon have a similar offering on AWS? They have such a wide variety of products there that I'm surprised they didn't try again after 2007.
    replies(1): >>34492563 #
    12. banana_giraffe ◴[23 Jan 23 17:35 UTC] No.34492077[source]▶
    Amazon Simple Salary Swapping Service, or S4
    13. fragmede ◴[23 Jan 23 17:40 UTC] No.34492150[source]▶
    The marketing firm will charge $10,000 for each degree.
    replies(1): >>34493829 #
    14. lechacker ◴[23 Jan 23 17:54 UTC] No.34492375[source]▶
    Amazon has around USD 58 billion in cash and short term investments according to their last quarterly report. Stripe's last "valuation" in 2021 was at USD 96 billion so today, based on the market cap behavior of similar companies like Square or PayPal, that number should be at USD 30-40 billion today.

    It would be a large acquisition but not unheard of.

    replies(1): >>34495639 #
    15. devmor ◴[23 Jan 23 18:07 UTC] No.34492555{3}[source]▶
    Resolving support issues is the only one I can think of. I have seen a non-trivial amount of Stripe integrators have to resort to social media, HN or reddit to get any real response to issues like Stripe holding their balance hostage.
    16. kijiki ◴[23 Jan 23 18:08 UTC] No.34492563{3}[source]▶
    I used it at the time.

    It was very ambitious, supporting a scripting language for what are now called smart contracts, and very complex payment schemes.

    It was also a huge pain in the ass to integrate, and the user payment flow was wonky, with a redirect to multiple amazon branded pages to log in to amazon, then redirect back to finish the transaction.

    I've not used stripe, but people who have tell me it is super easy to integrate.

    17. hbn ◴[23 Jan 23 19:38 UTC] No.34493829{3}[source]▶
    And note that they actually rotated it 315-degrees in the other direction
    18. enahs-sf ◴[23 Jan 23 20:49 UTC] No.34494827{3}[source]▶
    Hopefully getting Stripe's designers to take a crack at the AWS UI would be nice.
    19. 7ewis ◴[23 Jan 23 21:54 UTC] No.34495639[source]▶
    Would it really benefit Amazon though? If Stripe are already putting hundreds of millions through AWS, they'd essentially be losing a large customer by buying them.
    20. ojkelly ◴[23 Jan 23 22:29 UTC] No.34496027{3}[source]▶
    AWS Systems Manager Payment Manager
    21. prirun ◴[24 Jan 23 17:22 UTC] No.34506754[source]▶
    Some comments have mentioned "What would be the advantage of buying Stripe?" For a company like Amazon, a buyout of Stripe mitigates risk. As the Robber Barons said, "Don't let anyone get between you and your customer."

    If Amazon has indeed done an evaluation that Strip is more cost-efficient, secure, flexible, or whatever, than maintaining their own payment processing, they don't want to be in a position of Stripe strong-arming them down the road.