Amazon “expands” partnership with Stripe to streamline online payments

Amazon “expands” partnership with Stripe to streamline online payments
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Amazon and Stripe are strengthening their long-standing relationship. The e-commerce behemoth will “substantially expand” its use of Stripe’s core payments framework. In turn, Stripe will increase its usage of Amazon Web Services (AWS) to operate and build its business signed under this expanded global agreement.

Following the new contract, Stripe is prepared to join Amazon as a strategic payments partner in North America, Europe, and Australia, processing a sizeable portion of all payments made to Amazon. Amazon’s business divisions, such as Prime, Audible, Amazon Pay, Kindle, Buy With Prime, and more, will all use Stripe.

Amazon began utilizing Stripe in 2017 to facilitate global Black Friday, Prime Day, and Cyber Monday sales as well as to quicken commercialization in Asia and Europe.

“Stripe has been a trusted partner, helping accelerate our business at every turn,” explained Max Bardon, VP of payments at Amazon. “In particular, we value Stripe’s reliability. Even during peak days like Prime Day, Black Friday, and Cyber Monday, Stripe delivers industry-leading uptime. We appreciate Stripe’s relentless commitment to putting users first.”

Adam Selipsky, CEO of Amazon Web Services said, “Stripe has entrusted AWS with their core operations for over a decade—and we take that responsibility seriously. In expanding our partnership, we’re honored to do our part supporting Stripe’s continued global growth for years to come.”

Merchants can accept debit and credit cards as well as other forms of payment using Stripe, a supplier of payment services. The majority of its distinctive characteristics are mainly designed to promote internet sales. Business owners can accept debit cards, Visa, Mastercard, Discover, American Express, JCB, Diners Club, and China UnionPay thanks to Stripe’s payment processing services. Businesses can also take payments through the buy now, pay later programs and mobile wallets. Multiple currencies are accepted by Stripe for payments.

For the basic computing infrastructure upon which Stripe is based, Stripe has long depended on AWS. Even as Stripe scaled to accommodate millions of online businesses worldwide, the relationship helped Stripe to boost developer productivity and quicken product development.

Following the newly enlarged contract, Stripe will keep growing its AWS footprint by utilizing the growing list of services offered by AWS, such as Nitro enclaves to improve data security and Graviton for faster data processing.

“We couldn’t run without AWS—and we wouldn’t want to. AWS is our customers’ first choice,” said David Singletion, chief technology officer of Stripe. “The platform gives Stripe enormous developer leverage, which we then deploy in service of our users. As we look at the decade ahead, it’s clear the best path forward for Stripe and for our users is to partner more closely with Amazon.”

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