Stripe: instant payment processing for developers. My point is that to switch from PayPal and 2CO (which is what I use now + as is working just fine for me) I need more benefits then.. 1) Getting to set up and manage another new account. 2) The pleasure of getting to rewrite (and test + debug) my backend payment process. 3) Getting a slightly cleaner API (that I'm never going to see after I implement it). 4) Saving an extra dollar on every transaction (of a $125 sale). 5) Working with a relatively new, and in that effect, inexperienced payment processor. 1 and 2 are not benefits to me at all. 3 and 4 I don't care about because they are marginal at best. 5 is a killer.
So why would I use Stripe? > I can set up Stripe to handle processing for me completely transparently, and still without passing credit card data through my servers. Same as it is now. Without experience, Stripe will screw up even more. Give me an actual benefit and I'll consider. Stripe looking to muscle in on the Silicon Valley squares? You know when a space is hotting up when the start-ups move in, with strong VC backing from the same people who backed Paypal all those years ago.
Stripe, currently valued as a $20,000,000 company thanks to a $2 million funding round (from Sequoia capital, Andreesen Horowitz, SV Angels, Peter Thiel and Elon Musk). It’s also got the simple branding and name recognition that puts it squarely in competition with the likes of Square. Beyond that, nobody is 100% sure. Unlike Jack Dorsey, the three man team behind Stripe are keeping everything close to their chest, but rather than go for physical card payments, Stripe appears to be aimed at monetising applications, providing developers with a simple API that allows payment services to be dropped into their code.
It might not mean much to a banker, but a coder is going to jump on that option. Stealth Payment Startup Stripe Backed By PayPal Founders. There isn’t much information out there about Stripe, a new payments startup cofounded by brothers Patrick Collison and John Collison (last seen selling their startup Auctomatic to Live Current Media for $5 million).
It’s an online business to business and business to consumer payments provider, we’ve confirmed. “How is it different than PayPal or Google Checkout?” I asked someone who’s seen the product. Their answer – “It doesn’t suck.” Developers have a lot of trouble getting the various payments parts to work properly – from getting a merchant account to making the software work properly on your website. Apparently Stripe really doesn’t suck, because the company has taken approximately $2 million in a venture round from PayPal founders Peter Thiel and Elon Musk, as well as Sequoia Capital, Andreesen Horowitz and SV Angel. Sequoia partner Michael Moritz is said to be personally involved in Stripe as well.
Here's What Stripe, Stealth Payment Startup Backed by PayPal Founders, Will Do. A large number of entrepreneurs and investors are betting that the Internet is going to disrupt financial services just like it's disrupted so many other industries.
Stripe is one of those, it's a stealthy startup aimed to make online payments super simple. It's being built by three Irishmen in Silicon Valley and has reportedly amassed a few million dollars in funding before it's even launched, from some of the very top investors in technology including from Paypal founders Peter Thiel and Elon Musk. Michael Arrington got the scoop tonight, posting details on the funding of a company known about by a just few observers; Reuters financial blogger Felix Salmon already followed the company on Twitter, for example, but has said before that he prefers to let other people report scoops first and then try to provide superior analysis later. This is a company we'll be hearing a whole lot about in the future. The price? What's Most Interesting About Stripe That sounds great.