Stripe (company)
Encyclopedia
Stripe is a company that provides online payment processing services. Their stated aim is to make integrating Stripe checkout as easy as Google Checkout
Google Checkout
Google Checkout is an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. Users store their credit or debit card and shipping information in their Google Account, so that they can purchase at participating stores by clicking an...

 or PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....

, but without "sucking".

The company, co-founded by brothers Patrick
Patrick Collison
Patrick Collison , is an Irish scientist and entrepreneur from County Limerick. He was the winner of the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen. He was also the individual runner-up at the 40th Young Scientist and Technology Exhibition.-Early life:Patrick...

 and John Collison
John Collison
John Collison is an Irish student and entrepreneur.-Biography:In 2007, Collison founded "Shuppa" with his brother's Patrick Collison automatic car in Limerick, Ireland. The company later merged with Auctomatic, which was funded by Y Combinator, and Collison moved to Silicon Valley. Auctomatic was...

, received around $2 million USD in investment from Sequoia Capital
Sequoia Capital
Sequoia Capital is a Californian venture capital firm located on Sand Hill Road in Menlo Park, California. The Wall Street Journal has called Sequoia Capital "one of the highest-caliber venture firms", and noted that it is "one of Silicon Valley's most influential venture-capital firms"...

, Andreessen Horowitz
Andreessen Horowitz
Andreessen Horowitz is a venture capital firm founded by Marc Andreessen and Ben Horowitz. The company's headquarters is in Menlo Park, California.The venture capital fund was started in June 2009 with an initial capital of $300 million....

, SV Angel, and PayPal founders Peter Thiel
Peter Thiel
Peter Andreas Thiel is an American business magnate, venture capitalist, and hedge fund manager. With Elon Musk and Max Levchin, Thiel co-founded PayPal and was its CEO...

, and Elon Musk
Elon Musk
Elon Musk is an American engineer and entrepreneur heritage best known for co-founding PayPal, SpaceX and Tesla Motors. He is currently the CEO and CTO of SpaceX, CEO and Product Architect of Tesla Motors and Chairman of SolarCity...

.

See also

  • Subscription business model
    Subscription business model
    The subscription business model is a business model where a customer must pay a subscription price to have access to the product/service. The model was pioneered by magazines and newspapers, but is now used by many businesses and websites....

  • Payment gateway
    Payment gateway
    A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets...

  • Merchant account
    Merchant account
    A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit card and/or debit card transactions...

  • Electronic commerce
    Electronic commerce
    Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online...

  • Payment service provider
    Payment Service Provider
    A payment service provider offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking...

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