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> Over the past couple of weeks, Stripe began handling a large, though undisclosed, portion of Amazon’s transactions. Take this with a large, disclosed portion
by abalone 9y ago
> Over the past couple of weeks, Stripe began handling a large, though undisclosed, portion of Amazon’s transactions.
Take this with a large, disclosed portion of salt. Amazon is big enough to pay essentially nothing in processor markup. Not to mention they sell their own payments service. If Stripe is actually handling any Amazon processing they are making no money on it, and quite possibly taking a loss to buy the volume.
Think Square's deal with Starbucks. They ended up losing $56M.[1]
[1] https://www.wired.com/2015/10/square-ipo-filing-shows-starbucks-deal-was-a-bust/ https://www.wired.com/2015/10/square-ipo-filing-shows-starbu...
- whipoodle 9y agoSince, as you point out, they're probably not making money on the processing directly, maybe there is another reason Stripe would find it useful to process a large amount of transactions...