US-based web and mobile payments start-up Stripe has launched in the UK this week, providing businesses with a simplified payments service that it claims allows merchants to begin accepting mobile and online card payments within minutes.
The service has already grown to an impressive scale across the Atlantic and is processing millions of dollars a day for a roster of companies that includes Foursquare, Heroku and Reddit.
Stripe provides merchants with an API that they can embed into their Web sites to easily accept credit card payments. The service, which supports all major card types and payments in USD, GBP and Euros, will mean UK businesses can avoid time-consuming compliance and account set up procedures, quickly facilitating online payments while allowing companies to maintain full control of the checkout experience on their websites.
UK pricing starts at 2.4% and 20p per transaction + VAT, and volume pricing is available for businesses at scale.
Kieran O’Neill, founder of online personal shopping service Thread.com, says: “Having used and evaluated countless payment services over my last three businesses, Stripe is by far the easiest solution available. We were able to begin accepting live payments in a matter of minutes and the integration for Thread.com took a fraction of the time it’s taken previously.”
Stripe has also said it is now hiring globally with a view to expanding further into Europe and Australia.
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