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Amazon-Stripe partnership

(stripe.com)
258 points polyrand | 1 comments | 23 Jan 23 15:38 UTC | HN request time: 0.209s | source
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vishnugupta ◴[23 Jan 23 17:17 UTC] No.34491814[source]▶
I worked on Amazon Payments systems for quite some time back in the day. We took pride in being the best payment processors. Had direct connections with card networks, banks and what not. We even launched a PayPal competitor[1]. They launched a Square like device for physical retailers[2]. They invested some serious money in building and maintaining all of that.

However going by this news seems like Amazon has more or less given up on their payments ambitions. Could be also due to recent layoffs. This is a big news. Maybe Amazon wants to focus on being good at few things instead of running hundreds of experiments.

Edit: References.

[1] https://pay.amazon.com

[2] https://www.forbes.com/sites/ryanmac/2015/10/30/amazon-kills...

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1. glenngillen ◴[23 Jan 23 23:21 UTC] No.34496533[source]▶
It's probably also worth pointing out that Mike Clayville is the Chief Revenue Officer at Stripe. He was previously the head of the global sales org at AWS and reported directly to Andy Jassy. If anyone had the perspective to be able to make the case to Amazon that they should ditch whatever they'd built and just use Stripe, Mike was in a pretty unique position to help make that happen.