←back to thread

Amazon-Stripe partnership

(stripe.com)
258 points polyrand | 3 comments | 23 Jan 23 15:38 UTC | HN request time: 0s | source
Show context
xfour ◴[23 Jan 23 15:53 UTC] No.34490300[source]▶
Wait, obviously Amazon has their own checkout software. Is this a name recognition play to have AWS come with Stripe batteries included?
replies(3): >>34490354 #>>34490359 #>>34491042 #
julianlam ◴[23 Jan 23 15:56 UTC] No.34490359[source]▶
They do, but Stripe may have other advantages that Amazon's home-grown billing does not... fraud detection comes to mind.
replies(2): >>34490382 #>>34490588 #
1. Hermitian909 ◴[23 Jan 23 15:58 UTC] No.34490382[source]▶
Stripe's superior fraud detection is an open secret in FinTech. There are apparently a lot of large companies with their own payment rails that route riskier looking payments (e.g. a new account who you haven't yet settled a transaction with) through Stripe for this reason.
replies(1): >>34490577 #
2. habitue ◴[23 Jan 23 16:08 UTC] No.34490577[source]▶
which probably makes stripe's job even harder, because now there's adverse selection
replies(1): >>34490686 #
3. BurningFrog ◴[23 Jan 23 16:15 UTC] No.34490686[source]▶
You can charge extra per detected fraud.