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Founding&Business

Stripe is an online payment services company founded in 2010 by Patrick Collison and John Collison , headquartered in San Francisco, USA.

It provides users with online payment solutions and its software allows individuals and businesses to receive payments over the Internet. Stripe provides the technology, fraud prevention and banking infrastructure needed to operate online payment systems.

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Powered by Stripe
History

In 2010, Stripe was founded by Irish entrepreneurs John and Patrick Collison.

In June 2010, Stripe received seed funding from Y Combinator, a startup accelerometers.

In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Sequoia Capital and Andreessen Horowitz.

In February 2012, Stripe received an $18 million Series A investment led by Sequoia Capital at a valuation of $100 million.

In March 2013, Stripe acquired Kick-off, a chat and task management application.

In 2016, Stripe raised $150 million, valued at more than $9 billion.

In its next round of funding in September 2018, Stripe received a $20 billion valuation while raising $245 million.

Advantages

1. Stripe allows companies to accept payments in multiple currencies via the Web

It can process major international debit or credit cards, including Visa, MasterCard, American Express, Discover and JCB.

2. Compared with Paypal, Stripe is a one-step operation

Stripe’s most direct competitor is paypal, usually, when you pay with paypal, you need to jump from the shopping page to paypal website to complete the transaction, which is not convenient for consumers. Stripe is much simpler, with one step. Stripe is simpler and easier to use than PayPal in terms of fees and charges.

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Shipforme Process

1. Sign in/register for Yoybuy warehouse address

2. Place orders to Yoybuy warehouse address

3. Weighing and safety inspection of goods after the packages arrive at Yoybuy warehouse

4. Submit and pay for your orders

5. Shipping & Customer Sign-Off

The following major e-commerce platforms are leading the way in number of clients and transaction amount: