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Independent Sales Organization [1], Shopify for example is partnered with Stripe who is an ISO. Neither push big volume so their platform costs are much higher
by moyta 10y ago
Independent Sales Organization [1], Shopify for example is partnered with Stripe who is an ISO. Neither push big volume so their platform costs are much higher than their competitors.
[1] - https://en.wikipedia.org/wiki/Merchant_account https://en.wikipedia.org/wiki/Merchant_account
- arcticfox 10y agoReally? Stripe doesn't have big volume? That seems... surprising
- user5994461 10y agoNot at all. It only depends on your definition of big volume. Source: By some metrics my company is > 1% of Adyen... or Stripe... or whatever competitor we decide to use at the moment. If a single company can be as much as 1% of an entire payment provider, they gotta be quite small, right? Well, that's what I think every day when I see news about them :D
- user5994461 10y agoActually, I gotta retract from my other comment. It seems that both Adyen and Brainsomething processed over 50B last year whereas Stripe didn't. Stripe didn't publish numbers (I'd dare saying because they are very small and that would scare big companies away), but the valuation at 5 Billion dollars indicates that they are less than 1/10th of the aforementioned providers. Conclusion: Stripe = The hype underdog with strong marketing :D