An Interest In:
Web News this Week
- April 26, 2024
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
Some of Our Sources
- Mashable
- Web Designer Wall
- Vandelay Design
- Web Designer Depot
- Naldz Graphics
- FanExtra - PSD
- Noupe
- Web Design Ledger
- Spyre Studios
- Android Headlines
Help Webnuz
Referal links:
February 11, 2014 06:59 pm GMT
Stripe, the U.S.-based startup that lets developers integrate payments into their site or app with a few lines of code, is stepping up its game in the world of e-commerce. From today, users of its API will be able to accept payments in 130 currencies, up from the handful that it accepted up to now. The move comes just weeks after Stripe announced a Series C funding round of $80 million, raised in part to help the company scale its business globally. What it will mean is that a consumer in, say, South Africa will be able to buy a good or service online from a Stripe-using merchant in the UK (one of the countries where Stripe is active, which also include the U.S., Canada and Europe), and the charge for that product will automatically come up in rand, rather than pounds that would need to be converted by the customer or the seller via a separate service. On the seller’s side, it means using one service — Stripe — to turn on multi currency acceptance, rather than needing to work with local financial partners. This can be used for physical goods but also digital and virtual ones. In the example given by Stripe itself, Dailymotion is using Stripe to power subscription payments in Dailymotion Cloud, its white-label online video platform across 35 localised versions and 18 languages. Commissions remain the same as before: 2.9% and 30 cents on every transaction for those who process under $80,000 per month, with an additional 2% on any currency conversion. (“We break out the conversion fee rather than messing around the rates,” Stripe’s co-founder and president John Collison told me in an interview. Those rates, he says, get negotiated with many different local banks that Stripe works with behind the scenes to enable the service via its API.) It’s a big leap forward for a company that took its first baby steps outside of North America last year when it launched services in the UK and subsequently in further countries, such as the co-founders’ home country of Ireland. Ultimately, though, you can think of this as just one step in how Stripe plans to take on e-commerce globally. For starters, there is the fact that today’s news covers money “paid in” via Stripe, but not funds paid out. John Collison, Stripe’s 23-year-old co-founder and president, tells me that pay-outs remain limited to dollars,
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T9nBOkIfnl0/
Stripe Goes Global, With Its API Now Accepting Payments In 130 Currencies
Stripe, the U.S.-based startup that lets developers integrate payments into their site or app with a few lines of code, is stepping up its game in the world of e-commerce. From today, users of its API will be able to accept payments in 130 currencies, up from the handful that it accepted up to now. The move comes just weeks after Stripe announced a Series C funding round of $80 million, raised in part to help the company scale its business globally. What it will mean is that a consumer in, say, South Africa will be able to buy a good or service online from a Stripe-using merchant in the UK (one of the countries where Stripe is active, which also include the U.S., Canada and Europe), and the charge for that product will automatically come up in rand, rather than pounds that would need to be converted by the customer or the seller via a separate service. On the seller’s side, it means using one service — Stripe — to turn on multi currency acceptance, rather than needing to work with local financial partners. This can be used for physical goods but also digital and virtual ones. In the example given by Stripe itself, Dailymotion is using Stripe to power subscription payments in Dailymotion Cloud, its white-label online video platform across 35 localised versions and 18 languages. Commissions remain the same as before: 2.9% and 30 cents on every transaction for those who process under $80,000 per month, with an additional 2% on any currency conversion. (“We break out the conversion fee rather than messing around the rates,” Stripe’s co-founder and president John Collison told me in an interview. Those rates, he says, get negotiated with many different local banks that Stripe works with behind the scenes to enable the service via its API.) It’s a big leap forward for a company that took its first baby steps outside of North America last year when it launched services in the UK and subsequently in further countries, such as the co-founders’ home country of Ireland. Ultimately, though, you can think of this as just one step in how Stripe plans to take on e-commerce globally. For starters, there is the fact that today’s news covers money “paid in” via Stripe, but not funds paid out. John Collison, Stripe’s 23-year-old co-founder and president, tells me that pay-outs remain limited to dollars,Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T9nBOkIfnl0/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch