One way to justify the number: Stripe’s new partnership with
Amazon.com Inc., the largest and most sought-after customer on
the internet. Over the past couple of weeks, Stripe began handling
a large, though undisclosed, portion of Amazon’s transactions.
Neither company will address the scope of the deal — which was
only revealed by Stripe’s addition of Amazon’s logo to its website
— but it could help Stripe greatly increase its transaction
volume. (Amazon had no comment.)
Seven years in, however, Stripe’s mission is less to send more
books, vacuums, and grooming kits into the world than to “increase
the GDP of the internet,” Patrick says. To do this, the company is
beginning to move beyond payments by writing software that helps
companies retool the way they incorporate, pay workers, and detect
fraud. It’s part of an ambitious bid to revamp how online business
has been conducted for 20 years and to give anyone with a bright
idea a chance to compete. “We think giving two people in a garage
the same infrastructure as a 100,000-person corporation — the
aggregate effects of that will be really good,” Patrick says.
The key to Stripe’s success was their laser-like focus on developers. They made Stripe the easiest way to add payments to any system, and they have a great reputation for security and reliability.