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Given their docs state that they use third-party services to offer this service, isn't Stripe just providing a wrapper API around Onfido and charging a premium?
by edwardmp 5y ago
Given their docs state that they use third-party services to offer this service, isn't Stripe just providing a wrapper API around Onfido and charging a premium? If so, how is this really a useful proposition?
- edwinwee 5y agoIdentity was built in-house over the last decade from learnings from Stripe’s experience as a payment company. We’ve invested heavily in creating an end-to-end verification product with an ergonomic API, responsive capture experience, and advanced fraud detection and verification capabilities. Scaling ID verification globally also means working with others—we supplement our homegrown system with a number of partners for the best experience for the user. (e.g. Analogous to Stripe credit card payments, we also work with banking institutions.)
- edwardmp 5y agoThanks for the detailed reply, Edwin!