Stripe Unlocks Its All-or-Nothing Payment Processing Approach [BNN Bloomberg (Canada)]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: BNN Bloomberg
The payment processing firm said Wednesday that companies will no longer be locked in to processing payments with Stripe in order to access its other products. Merchants can use other payment service providers — such as Adyen NV or PayPal Holdings Inc. — while also using Stripe's billing and tax capabilities, for example. “We're extending our modularity to the very core of Stripe: payments processing,” Stripe Chief Product Officer Will Gaybrick said at the company's annual conference in San Francisco. “All of Stripe's products will gracefully inter-operate with third-party processors.” Stripe enables businesses to accept payments both in person and online, and also provides services like sending payouts and automating businesses' financial processes. There are now more than 100 companies that process at least $1 billion annually by using Stripe products. The firm counts PayPal and Adyen as competitors, and this announcement could further stoke the rivalries. “This is particul
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PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- PYPL's page on the SEC website