What is Stripe? Stripe Review

Stripe is a technology company that enables individuals or companies to accept payments on the Internet. It provides the technology needed to accept payments online, avoid credit card fraud, and provide banking infrastructure.

About Stripe

Stripe was founded in 2010 by two brothers in their 20s, Patrick Collison and John Collison. It is headquartered in San Francisco, with 9 offices in Dublin, London, Paris, Singapore, Tokyo, etc., supporting more than 135 currencies worldwide.

cost

Companies that provide the service are charged 2.9% of each transaction plus a 30-cent processing fee.

Security and Compliance

All card numbers are encrypted on disk using AES-256. Decryption keys are stored on different computers. Stripe’s infrastructure for storing, decrypting, and transmitting card numbers runs in separate hosting infrastructure and does not share any credentials with Stripe’s main services.

Compliance: PCI DSS Level 1 certification; SSAE18/SOC 1 and SOC 2 reports; US MTL license; Australian AFSL, European E-Money License and Canadian MSB license; PSD2 and SCA compliance.

Development History

- Stripe was founded in 2010 and was originally called "/dev/payments". Later, because it was often misspelled and caused confusion, it was renamed "Stripe".

-In June 2010, Stripe received seed funding from Y Combinator.

In May 2011, Stripe received $2 million from investor Peter Thiel and investment firms Sequoia Capital and Andreessen Horowitz.

-In February 2012, Stripe received $1.8 million in Series A funding led by Sequoia Capital, with a valuation of $100 million.

-In March 2013, Stripe acquired task management app Kickoff.

-In March 2014, CEO Patrick Collison announced that Stripe would support Bitcoin payments.