Hacker News Reader

Comment by jrockway | Hacker News Reader

The title is:

> The untold story of Stripe, the secretive $20bn startup driving Apple, Amazon and Facebook

I then did a control-F to look for how Apple is involved, and it only appears two other times. Once in a discussion about a WiFi pineapple, and then as a tag at the bottom of the page.

Do Apple and Amazon really use stripe for their payments? I've certainly never noticed any stripe branding.

View on HN

Ya I think 'driving' is a bit of an exaggeration.

If it weren't for stripe, Apple and Amazon would have absolutely no way to accept payments? Lol.

Almost all multi-nationals use multiple payment processors and within the same market will build in redundancy in case a processor goes down. My guess is Stripe handles some volume for the big guys but definitely not all.

"We can press a button to move 100% of our payment traffic over to an alternative" makes for a hell of a negotiating position for getting the best payment processing rates, too.

"I've certainly never noticed any stripe branding." That is the whole point, you are not suppose to know who is processing the credit cards for apple. Stripe provides a white label services while paypal's convoluted service is really in your face about who provides the 'service'.

PayPal has their Payments Pro product if you want to accept credit cards without the PayPal branding on your site.

Does Apple use this service, though?

Reply on news.ycombinator.com