Stripe has announced the ability for users to accept more than 130 currencies. Businesses running on Stripe can now instantly begin selling in nearly any currency, from Euros to US Dollars, Algerian Dinar to Chinese Renmibi.
Stripe’s payments platform will automatically handle all necessary conversions and perform daily deposits in its users’ bank accounts. Multicurrency is a standard feature and requires no additional work to integrate. As a result, currency functionality that previously represented a quagmire of paperwork and integration work can now be implemented in minutes.
“Stripe’s mission is to grow Internet commerce by providing everything an online business needs to accept payments,” said Patrick Collison, co-founder and CEO of Stripe. “Built-in multicurrency support is another example of how Stripe is helping businesses scale faster and more efficiently.”
The Guardian has chosen to work with Stripe to power some of its existing subscription services in the UK, while exploring the global potential of the service to support audience revenue streams in other markets.
Julia Porter, consumer revenues director, Guardian News & Media, said, “We are pleased to be working with Stripe to offer our readers more responsive and dynamic ways of accessing some of our popular subscription services in the UK.”
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Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.