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There is a reason why a little known company called Adyen is a $25b company on its own. Despite being less developer friendly they have contracts with way more

by tempsy 7y ago

There is a reason why a little known company called Adyen is a $25b company on its own. Despite being less developer friendly they have contracts with way more big money enterprise firms...your Facebooks and Googles and Ubers of the world. Stripe might be great for small companies or regional ones but there are many reasons why they haven’t won over high volume global enterprise cos yet.

Operyl 7y ago
Amazon isn’t a big company? How about Target? Digital Ocean, Slack? Lyft? https://stripe.com/customers#b2b-platforms https://stripe.com/customers#b2b-platforms This list isn’t exhaustive, it’s just a few of the companies that have OK’d being put on the list.
- tempsy 7y ago
  Depends on the company, but absolutely no way that Stripe processes all of Amazon or Target’s payments. It is a minority of payments, at best. And the WSJ article explains that Lyft is trying to in-house payments away from Stripe to save money. I’m not trying to rag on Stripe by the way, but I have worked in payments at one of these large tech cos that did not work with Stripe. They didn’t start trying to target enterprise customers as their initial target base, and there are simply things that enterprise customers expect more than developer friendliness when it comes to choosing a gateway or processor. That’s all. For some context for why Stripe is not necessarily suited for enterprise see what Finix Payments is doing https://www.finixpayments.com/ https://www.finixpayments.com/ - the value prop resonates much more with enterprise...would say they are basically a developer friendly Anti-Stripe.
  - mehhh 7y ago
    Amazon has direct integrations for payments in the US and most major countries, but farms out payment processing in certain low volume regions to Stripe. Optimize a region's payment processing as volume increases is what Amazon is doing internally...
Smithalicious 7y ago
It's weird to see Adyen referred to as a "little known company". Here in the Netherlands everyone knows Adyen, but most people have never heard of Stripe.
vertex-four 7y ago
Adyen also actually do physical card terminals hooked up to an API, which for Stripe is currently invite-only and only available in the US and Canada.

by tempsy 7y ago

Operyl 7y ago

Amazon isn’t a big company? How about Target? Digital Ocean, Slack? Lyft? https://stripe.com/customers#b2b-platforms https://stripe.com/customers#b2b-platforms This list isn’t exhaustive, it’s just a few of the companies that have OK’d being put on the list.

tempsy 7y ago
Depends on the company, but absolutely no way that Stripe processes all of Amazon or Target’s payments. It is a minority of payments, at best. And the WSJ article explains that Lyft is trying to in-house payments away from Stripe to save money. I’m not trying to rag on Stripe by the way, but I have worked in payments at one of these large tech cos that did not work with Stripe. They didn’t start trying to target enterprise customers as their initial target base, and there are simply things that enterprise customers expect more than developer friendliness when it comes to choosing a gateway or processor. That’s all. For some context for why Stripe is not necessarily suited for enterprise see what Finix Payments is doing https://www.finixpayments.com/ https://www.finixpayments.com/ - the value prop resonates much more with enterprise...would say they are basically a developer friendly Anti-Stripe.
- mehhh 7y ago
  Amazon has direct integrations for payments in the US and most major countries, but farms out payment processing in certain low volume regions to Stripe. Optimize a region's payment processing as volume increases is what Amazon is doing internally...

Smithalicious 7y ago

It's weird to see Adyen referred to as a "little known company". Here in the Netherlands everyone knows Adyen, but most people have never heard of Stripe.

vertex-four 7y ago

Adyen also actually do physical card terminals hooked up to an API, which for Stripe is currently invite-only and only available in the US and Canada.