←back to thread

Amazon-Stripe partnership

(stripe.com)
258 points polyrand | 1 comments | 23 Jan 23 15:38 UTC | HN request time: 0.21s | source
Show context
morpheuskafka ◴[23 Jan 23 16:34 UTC] No.34491019[source]▶
I don't understand how Amazon needs or can use Stripe in the US (I can see how it would be useful for the emerging markets they were previously using). As the largest merchant in the country, don't they already have direct negotiations with banks and compete for the lowest possible fees?
replies(4): >>34491124 #>>34491128 #>>34491135 #>>34491732 #
1. bethling ◴[23 Jan 23 16:39 UTC] No.34491124[source]▶
From my time with Amazon's payments team, they do. However they do like not depending on any one particular provider, and being able to spread the payments to different providers does give them leverage to negotiate rates from a stronger position.