5 ms·

~2025: Stripe becomes Amazon SBS — Simple Billing Service

by marban 4y ago

napolux 4y ago
And the logo will be a blue square with the $ sign in it, rotated 45 degrees
- marban 4y ago
  A pyramid with Jeff's eye embossed on it.
- fragmede 4y ago
  The marketing firm will charge $10,000 for each degree.
  - hbn 4y ago
    And note that they actually rotated it 315-degrees in the other direction
joshstrange 4y ago
I... I... I don't hate this idea... I'm all-in on AWS and I've drank the kool-aid so I'm obviously biased but I've quite enjoyed living in the AWS walled garden. Stripe is one of 1-2 external services I use, bringing that "in house" would be nice, especially if CDK had full support for creating merchants/etc.
- mritchie712 4y ago
  What do you think would improve by Stripe being in AWS? As a Stripe customer, I like the way Portal[0] allows me to outsource payments (almost) entirely. I don't see the advantage (relative to the cost) of building it into my product. 0 - https://stripe.com/blog/billing-customer-portal https://stripe.com/blog/billing-customer-portal
  - devmor 4y ago
    Resolving support issues is the only one I can think of. I have seen a non-trivial amount of Stripe integrators have to resort to social media, HN or reddit to get any real response to issues like Stripe holding their balance hostage.
  - enahs-sf 4y ago
    Hopefully getting Stripe's designers to take a crack at the AWS UI would be nice.
jahewson 4y ago
Amazon Simple Transactional Revenue Internet Payment Exchange.
- marcosdumay 4y ago
  The acronym is too long and distinctive. Amazon doesn't do that. Except for this, it's great.
  - ojkelly 4y ago
    AWS Systems Manager Payment Manager
- banana_giraffe 4y ago
  Amazon Simple Salary Swapping Service, or S4
Bhilai 4y ago
Stripe internal valuation is around $65B. I think its unlikely Amazon is going to spend that much to acquire Stripe.
- fisherjeff 4y ago
  $65B for payment processing is a lot. $65B to be magically inserted into the checkout flow of like every small to medium independent online retailer out there (exaggeration, I know) starts to look like a much better deal.
ignoramous 4y ago
You kid, but AWS had 2 year head-start on Stripe [0] and here we are... [0] https://archive.is/R7m9s https://archive.is/R7m9s / https://www.allthingsdistributed.com/2007/08/the_amazon_flexible_payment_se.html https://www.allthingsdistributed.com/2007/08/the_amazon_flex...
- mardifoufs 4y ago
  What went wrong? Why didn't it take off, and why doesn't amazon have a similar offering on AWS? They have such a wide variety of products there that I'm surprised they didn't try again after 2007.
  - kijiki 4y ago
    I used it at the time. It was very ambitious, supporting a scripting language for what are now called smart contracts, and very complex payment schemes. It was also a huge pain in the ass to integrate, and the user payment flow was wonky, with a redirect to multiple amazon branded pages to log in to amazon, then redirect back to finish the transaction. I've not used stripe, but people who have tell me it is super easy to integrate.
lechacker 4y ago
Amazon has around USD 58 billion in cash and short term investments according to their last quarterly report. Stripe's last "valuation" in 2021 was at USD 96 billion so today, based on the market cap behavior of similar companies like Square or PayPal, that number should be at USD 30-40 billion today. It would be a large acquisition but not unheard of.
- 7ewis 4y ago
  Would it really benefit Amazon though? If Stripe are already putting hundreds of millions through AWS, they'd essentially be losing a large customer by buying them.
prirun 4y ago
Some comments have mentioned "What would be the advantage of buying Stripe?" For a company like Amazon, a buyout of Stripe mitigates risk. As the Robber Barons said, "Don't let anyone get between you and your customer." If Amazon has indeed done an evaluation that Strip is more cost-efficient, secure, flexible, or whatever, than maintaining their own payment processing, they don't want to be in a position of Stripe strong-arming them down the road.

~2025: Stripe becomes Amazon SBS — Simple Billing Service

by marban 4y ago

~2025: Stripe becomes Amazon SBS — Simple Billing Service

napolux 4y ago

And the logo will be a blue square with the $ sign in it, rotated 45 degrees

marban 4y ago
A pyramid with Jeff's eye embossed on it.
fragmede 4y ago
The marketing firm will charge $10,000 for each degree.
- hbn 4y ago
  And note that they actually rotated it 315-degrees in the other direction

joshstrange 4y ago

I... I... I don't hate this idea... I'm all-in on AWS and I've drank the kool-aid so I'm obviously biased but I've quite enjoyed living in the AWS walled garden. Stripe is one of 1-2 external services I use, bringing that "in house" would be nice, especially if CDK had full support for creating merchants/etc.

mritchie712 4y ago
What do you think would improve by Stripe being in AWS? As a Stripe customer, I like the way Portal[0] allows me to outsource payments (almost) entirely. I don't see the advantage (relative to the cost) of building it into my product. 0 - https://stripe.com/blog/billing-customer-portal https://stripe.com/blog/billing-customer-portal
- devmor 4y ago
  Resolving support issues is the only one I can think of. I have seen a non-trivial amount of Stripe integrators have to resort to social media, HN or reddit to get any real response to issues like Stripe holding their balance hostage.
- enahs-sf 4y ago
  Hopefully getting Stripe's designers to take a crack at the AWS UI would be nice.

jahewson 4y ago

Amazon Simple Transactional Revenue Internet Payment Exchange.

marcosdumay 4y ago
The acronym is too long and distinctive. Amazon doesn't do that. Except for this, it's great.
- ojkelly 4y ago
  AWS Systems Manager Payment Manager
banana_giraffe 4y ago
Amazon Simple Salary Swapping Service, or S4

Bhilai 4y ago

Stripe internal valuation is around $65B. I think its unlikely Amazon is going to spend that much to acquire Stripe.

fisherjeff 4y ago
$65B for payment processing is a lot. $65B to be magically inserted into the checkout flow of like every small to medium independent online retailer out there (exaggeration, I know) starts to look like a much better deal.

ignoramous 4y ago

You kid, but AWS had 2 year head-start on Stripe [0] and here we are... [0] https://archive.is/R7m9s https://archive.is/R7m9s / https://www.allthingsdistributed.com/2007/08/the_amazon_flexible_payment_se.html https://www.allthingsdistributed.com/2007/08/the_amazon_flex...

mardifoufs 4y ago
What went wrong? Why didn't it take off, and why doesn't amazon have a similar offering on AWS? They have such a wide variety of products there that I'm surprised they didn't try again after 2007.
- kijiki 4y ago
  I used it at the time. It was very ambitious, supporting a scripting language for what are now called smart contracts, and very complex payment schemes. It was also a huge pain in the ass to integrate, and the user payment flow was wonky, with a redirect to multiple amazon branded pages to log in to amazon, then redirect back to finish the transaction. I've not used stripe, but people who have tell me it is super easy to integrate.

lechacker 4y ago

Amazon has around USD 58 billion in cash and short term investments according to their last quarterly report. Stripe's last "valuation" in 2021 was at USD 96 billion so today, based on the market cap behavior of similar companies like Square or PayPal, that number should be at USD 30-40 billion today. It would be a large acquisition but not unheard of.

7ewis 4y ago
Would it really benefit Amazon though? If Stripe are already putting hundreds of millions through AWS, they'd essentially be losing a large customer by buying them.

prirun 4y ago

Some comments have mentioned "What would be the advantage of buying Stripe?" For a company like Amazon, a buyout of Stripe mitigates risk. As the Robber Barons said, "Don't let anyone get between you and your customer." If Amazon has indeed done an evaluation that Strip is more cost-efficient, secure, flexible, or whatever, than maintaining their own payment processing, they don't want to be in a position of Stripe strong-arming them down the road.