Stripe Payment Gateway: Overview & List

Stripe Payment Gateway: Overview & List

Overview

Stripe has become the global payment processing powerhouse that is trusted partner of numerous companies, facilitating seamless transactions across their websites and mobile applications.

This article explores the top 10 companies list that rely on Stripe as their payment processing partner. From e-commerce giants to tech innovators, these businesses have harnessed the capabilities of Stripe to provide a secure and efficient payment experience for their customers.

What is Stripe?

Stripe was founded in 2011 by Patrick Collison & John Collison, started as a U.S.-only payment processing solution. In just three years, it achieved a billion-dollar valuation and by 2021, its value soared to $95 billion, with a presence in over 45 countries.

Stripe’s revenue model is based on a 2.9% fee plus 30 cents per transaction, making it the second most popular payment processing software after PayPal, with a market share of 17.07 percent.

Stripe’s Popularity & Growth

The COVID-19 pandemic accelerated the shift from offline to digital payments, contributing to the rapid growth of companies like Stripe. Currently, over 3 million active websites utilize Stripe for their payment processing needs.

Notably, Stripe gained early investor support from Elon Musk, a co-founder of PayPal.

Top 10 Companies List that Uses Stripe

Here, we will explain the top 10 companies list that trust Stripe as their payment processing partner, providing a glimpse of their respective businesses and the sectors they dominate:

  1. Amazon
  2. Ali Express
  3. Apple
  4. Etsy
  5. Walmart
  6. Target
  7. Wayfair
  8. ASOS
  9. Samsung
  10. eBay

1. Amazon

Founded in 1994, Amazon is a global e-commerce giant offering a wide range of products, from electronics to healthcare items. Amazon uses Stripe for its secure checkout, providing various payment options.

2. Ali Express

AliExpress, owned by Alibaba Group, connects small businesses with customers worldwide. Stripe powers the checkout page and AliExpress’s wallet. Alipay, also accepts Stripe payments.

3. Apple

As the largest IT company by revenue, Apple offers electronics and software services. Stripe handles the checkout for Apple’s online store and Apple Pay transactions are also processed through Stripe.

4. Etsy

Etsy specializes in handmade and vintage products. Sellers list products on their own storefronts and Etsy charges a fee per item. Stripe processes orders for Etsy.

5. Walmart

Walmart, the world’s largest company by revenue. Payments on Walmart are processed through Stripe.

6. Target

Target is a US-based retail store that offers a wide range of products. Stripe is its partner for payment and transaction processing.

7. Wayfair

Wayfair focuses on furniture and home decor. Sellers list their products and Stripe processes the checkout for buyers.

8. ASOS

ASOS is a British online fashion retailer, lists a variety of products. Stripe handles payment processing for the ASOS Marketplace.

9. Samsung

Samsung, a major electronics manufacturer also uses Stripe for online purchases and its e-wallet.

10. eBay

eBay is known for auction-based transactions, processes payments through Stripe for sellers on its platform.

Conclusion

Stripe has become the go-to payment gateway for a diverse range of companies, from e-commerce giants to niche marketplaces. These companies trust Stripe to provide secure, efficient and seamless payment experiences for their customers.

As the world continues to embrace online transactions, Stripe’s presence is likely to grow even further, cementing its role as a leading player in the world of global payment processing.

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