What is Stripe?
Stripe builds a set of products that make it extremely easy to start and operate an online business. At the core of this is payment processing. However, many other adjacent utilities come into play. are you ready to Buy stripe account.
Without Stripe or a competitor, the people building online businesses would need to invest many additional hours setting up the infrastructure needed to begin accepting payments online. On top of the technical difficulty of managing highly available payments infrastructure, payment processing is laden with legal and security regulations, which can be tricky to navigate and costly to maintain. Add to that the exponential complexity of supporting different payment methods from credit cards to Alipay and the case for off-loading the payments stack to Stripe becomes very compelling, even for large companies. Are you yet buy stripe account?.
For Stripe users, accepting payments is as easy as making an account and copying a few lines of code onto their web page. Stripe provides nice looking payment flows out of the box and also a number of easy to use and secure API endpoints that let more advanced users integrate custom payments into their product. So let’s go buy stripe account.
So that’s it. Fundamentally, Stripe is a company which makes it really easy for developers to start accepting payments online. They have some products that take care of things like making subscriptions, built in features for detecting fraud, and even a web product for getting internet businesses set up with an American corporation.
Why is Stripe so popular?
Stripe approaches the problem of accepting payments on the Internet from a far different perspective then the legacy companies like Authorize.net and the way PayPal had approached the problems for many years. Over the years legacy solution providers became complacent and became less then simple to implement and the attention and focus to detail was far from ideal. This left a vacuum for innovation and creativity and Patrick Collision went about creating perhaps exciting ways to rethink and reimaging what was thought of as a less then loved utilitarian product. Stripe removed many of the pain points in accepting payments and created a fertile environment for programmers and developers in the process.
So hurry up buy stripe account.
Friendemy: Payment Processors And Web Developers
The early payment gateways were quite crude and utilitarian in the mid 1990s. Authorize.net was one of the first to work with developers in a meaningful way and this resulted in wide adoption in custom solutions and integration into popular shopping cart solutions. The typical online merchant would negotiate a relationship with a payment processor and usually acquire Authorize.net through the payment processor. On the other hand the online merchant would usually acquire an off the self shopping cart solution from a website developer. This has always been a point of tension where in many cases the online merchant must play referee between blame games between the developer and the payment processor. I can say from personal experience that problems of this sort were a drain of productive and patients.
when Authorize.net was acquired by Visa, like when any relatively small company is acquired by a very, very large company, Authorize.net became less then flexible and less then responsive to the growing needs of web based startups and mobile startups. It was a huge problem and few had any desire to really address this in great detail.
Thus the perfect conditions existed for an opportunity to solve these growing problems. Stripe began to create tools for a new generation of programmers and developers and not surprisingly over 1,000 developers waited in line to be the first to use Stripe’s tools.
There are a number of foundational reasons Stripe became so attractive. I think it boils down to a few deceptively simple reasons:
The API is based around REST  which allows for predictable, resource-oriented URLs with HTTP with easy to understand error codes. The use of HTTP authentication and HTTP verb allow for cross platform compatibility and client-side web application. There are the ability to have rich and robust testing of applications without risking payment card charges by accident. The API also allows for programming flexibility that was not easily achieved or impossible with legacy systems. From Stripe Checkout through Stripe.js there are solutions that any level of developer can find useful.
Mobile. Stripe was built with deep mobile integration with native APIs for iOS and Android. Legacy payment gateways did not move swiftly to create simple solutions or just repurposed overly bloated web based APIs. Thus many mobile startups gravitated to Stripe and that momentum is still in play.
Documentation. Stripe has a wrapper in just about any programming language with very thorough documentation. Every method and every field are thoroughly documented in non technical language.
Very high level interactions between the Stripe developer team and the programers and developers that use the Stripe. Many startup companies try to do this but in practice just create distractions for all involved. Stripe has been very successful in listening to the developer community and moving swiftly to create more valuable iterations of features.
The target group for Stripe would prefer not to have to deal with and negotiate with most payment processors. The reality is the wholesale Interchange costs produced by Visa and MasterCard are quite hard for even the most technically informed to fathom. There is also an added layer of additional costs and complexity from the payment processor. Thus it is easy to see how many startups are attracted to a flat 2.90% + 30¢ cost structure with no PCI fees or other fixed costs. Pay as you go.
Stripe is of course not alone in the marketplace, there are really great companies that are also addressing the same issues or overlap addressing the same issues. I think Braintree, Balanced Payments and the “new” PayPal are also finding rather robust and unique ways to also solve the same problems Stripe is addressing and will all do quite well. The market is so vast that I believe it can not only support all of these competing systems but perhaps a dozen more.
A Force Of Nature
I have to say that one can not discount the vital energy and motivation of the force of nature called Patrick Collison and the amazing team he has built. There are a lot of working founders in startups today, but I find Patrick to be in a very rare class of founders. Just like all great founders in history, the companies they built have taken on elements of the founder’s personality. And in Stripe we can see it like an open book.
In my estimation it is Patrick and the amazing team he has created that is the real reason Stripe is so popular.