Amazon Pay’s Post

I'm always hyped when Stripe shares stats, but a 10.5% average increase in revenue across our hosted surfaces is HUGE! This optimized checkout doc is packed with battle tested insights across thousands of online storefronts from SMB to Enterprise. Take a peek to see what your team could get to actioning. 🏎️ 💨 #UpAndToTheBufo #ecommerce #payments #digitaltransformation

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Amazon uses Stripe Terminal to power payments for Just Walk Out technology in Australia 🇦🇺 and Canada 🇨🇦 Amazon’s Just Walk Out technology is designed to be an effortless shopping experience. The guest enters the store by using their credit card or mobile wallet at the entry gate. The technology detects what shoppers take from or return to shelves and creates a virtual shopping session. When the guest completes the shopping experience, they can simply leave the store without waiting in line. Their chosen payment method gets charged for the items taken. Merchants in Australia and Canada use Stripe Terminal’s WisePad3S reader attached to physical entry gates, and Stripe automatically processes the payment after the guest leaves. “The only thing better than a speedy checkout is no checkout at all. I’m thrilled that Stripe is powering Amazon’s Just Walk Out technology payments,” said Eileen O'Mara, chief revenue officer at Stripe. “With Stripe Terminal and Connect, merchants using Just Walk Out technology will benefit from the same reliability that ensures millions of successful transactions on Amazon.” Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #mpos #fintech #stripe #financialtechnology #fintechindustry #fintechnews

Businesses are always looking for new ways to make customers happier. Right?  And one big idea 💡that's catching on is checkout-free shopping 🛍️ The market for self-checkout systems hit US$3,865.8 million in 2022 and is expected to grow by 13.4% annually from 2023 to 2030. Let's discuss a revolutionary technology in retail: Just Walk Out 🌟 ➡️It lets customers enter a store, grab what they need, and leave without waiting in line. The technology automatically charges their preferred payment method, making the entire shopping experience seamless and hassle-free. Here's the exciting part: 🤝Amazon partnered with Stripe Terminal to use this technology in Australia and Canada. As someone who works with fintech solutions, I think this partnership is a game-changer. It not only makes payments simpler but also helps businesses run more smoothly. Customers save time ⏳ and effort by spending money only on what they need, while businesses enjoy cost savings from reduced checkout staff and increased sales due to improved customer experience. It's a win-win situation driving the adoption of this transformative technology. For me, Just Walk Out tech is a big step forward in retail. I'm excited to see how this partnership between Amazon and Stripe Terminal will change how we shop and transact for better (or worse?). 🤔What do you think about this? Share your thoughts below! #PaymentProcessing #ShoppingRevolution #Stripe #Amazon #JustWalkOut #SelfCheckout

Some interesting updates from Stripe. 1. Decoupling payments from its financial services stack, emphasizing modularity. 2. Introducing over 50 new features and 250 updates in 2024. 3. Reflects a strategic shift to address market fragmentation and user demands. 4. AI-powered checkout customisation for 100 payment methods. 5. Introduction of Radar Assistant for AI-driven fraud detection. 6. Expansion of embedded finance tools under Stripe Connect. As Stripe acknowledges the complexity and fragmentation of the payment ecosystem, as well as spending time myself speaking to a number of Enterprise merchants at PLS, it is very apparent that merchants are seeking genuine optionality, agility and choice in managing their payments stack. As the market evolves, merchants will increasingly turn to orchestrators for efficient, tailored solutions. A true partnership, not just another vendor. #paymentorchestration BR-DGE #partnerships

Super proud of the team this week, it's amazing when the output of hard work starts to come together seamlessly. 😍 We have a pretty slick onboarding experience for Stripe Connect customers too. More to come on that in the coming weeks as we open up access to our platform. 💡 The first step is to see the problems, the second is to act with confidence. ✅ Revenew helps with both, without you having to leave your existing PSP. Let me know if you want early access 👌 #revenew #stripe #platform #payments #marketplaces #productdevelopment

The total payment volume processed by Stripe grew 25% YoY to $1 trillion 🤯 Here are more Key Takeaways from Stipe’s Annual Letter 2023: ► A noteworthy aspect of Stripe's success is its ability to retain major clients, with 100 companies each processing over $1 billion annually through its platform. This client base contributes to around 10% of Stripe's total payment volume, indicating both a high level of customer loyalty and a concentration of significant accounts: “Our enterprise segment continues to grow rapidly, with more than 100 companies now processing more than $1 billion per year with Stripe.” ► “…one in six new Delaware corporations incorporates with Stripe Atlas” ► “Stripe was robustly cash flow positive in 2023 and expects to be again in 2024. This threshold is important, because it allows us to invest for the long term, building what we believe our users need 10 years from now, without regard for the natural volatility of capital markets.” In the video below you can see what what co-founder John Collison has to say about it👇 Read the complete Anual Letter 2023 for more info: https://lnkd.in/eNMyDxr6 What was your Key Takeaway from Stripe's anual letter❓ Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #digitalpayments #paymentprovider #stripe #paymentsolutions #paymentservices #fintechnews

Join us and Stripe for a deep dive into “Scalable Payment Integration Patterns for Rapidly Growing Enterprise eCommerce Businesses.” You’ll hear from Oro’s Yevhen Shyshkin and Stripe’s Antoine Guigan, who will share their expertise on integrating payment systems for complex #ecommerce use cases: https://lnkd.in/dTbSrTnq #b2becommerce #paymentintegration #stripe #b2bmarketplace

Look, here's my take on Stripe... It's an incredible company. Their mission is admirable and the work they've done to drive innovation over the past 10+ years is something we should all be grateful for. They literally set the bar for what it means to be an API-first company. From payments.dev to where they are today is nothing short of remarkable. 👏 It's clear that John Collison and Patrick Collison are two of the greatest entrepreneurs of our generation and Stripe is one of the most important companies. 👨💻 👨💻 BUT... As a pre-IPO company, in a world where the #payments ecosystem is evolving at such a rapid pace, I'm worried they've made the shift to a full blown platform too soon. 😬 Two of the biggest trends we are seeing (which are separate but inherently related) are #tokenization and #orchestration. Both merchant and platform ecosystems have decided, due to a myriad of different macro events and associated learnings - in addition to technological advancements, that a single PSP approach simply will not suffice when thinking about future-proofing growth and business continuity. ✅ The Stripe homepage now lists 20+ different products or services - all of which are predicated on the #merchant or #platform using Stripe for processing. 😲 Just as Braintree did a long time ago, Stripe now offers a Forward API (https://lnkd.in/gbCpDpqT) which is showing a slight willingness to open this up but it's sort of too little too late, or at least not going nearly far enough. 💤 While I suspect we will see more PSPs take this approach in the near future, I actually think the real chess move for Stripe, Adyen, Checkout.com or any of the others would be to make it *so simple* to leave/switch/split/etc. such that these decisions become less binary and less scary. Forget the ridiculous (and purely perfunctory) RFP process that exists today and imagine if you could just easily start routing some small % of your volume to one PSP or the other - and, get this, use data to determine who is best! It's not just about price, it's really about performance, and it can't disrupt all of the existing payments-related workflows. 📊 It would be absurd to not leverage A/B testing for conversion in the entire checkout experience and those practices should easily/seamlessly extend to the routing layer. I actually think this will result in increased customer loyalty and reduced overall churn. We at Basis Theory have found our PSP partnerships to be value accretive to everyone involved - including the merchants/platforms and their end customers! 🤝 This is the future. It's here whether the PSPs like it or not. The ones who embrace it first (both from an ease of routing but also from an ancillary products/services perspective - e.g. fraud, reporting, recon, etc.) will ultimately win. 🥇 Will this be addressed or discussed at Sessions? 🤔

Amazon's decision to stop accepting Venmo as a payment method caused a 1.7% dip in PayPal shares. This abrupt move comes after Amazon had announced Venmo's inclusion just a few months ago. The market's swift reaction underscores the fintech industry's sensitivity to payment ecosystem changes. How do you foresee these shifts impacting the broader fintech landscape, and what strategies should companies adopt? As payment methods evolve, what considerations should companies in the fintech industry keep in mind to ensure adaptability and sustained growth? How do unexpected changes in payment partnerships impact the overall dynamics of the fintech ecosystem? #fintech #payments #paypal #venmo #amazonpayments

Hey y'all, hey! Guess what? See that blue dot in the upper right corner? Yep, that's us! Excited to share that Stripe was named a Leader in the recent IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment. What's better? According to IDC, “merchants of all sizes can benefit from Stripe’s wide range of products and services." Additionally, “growing merchants may find Stripe a good option for expanding into new markets.” See the report excerpt here: https://lnkd.in/etS2FQ3i