Merchants or community managers that sell goods or accept donations through larger platforms like Shopify, Reddit, or Skillshare can now quickly start taking credit cards, thanks to a new system from the online payments company Stripe.
Called Stripe Connect, the new system is designed to make it easy for any online shop or group to process credit-card payments from donors or customers.
At the same time, Stripe Connect is also giving Stripe partners a way take advantage of analytics software, CRM systems, and other financial packages in order to see real-time account data. Indeed, the company is hoping that developers will create new and innovative applications that leverage their Stripe data.
Stripe, a San Francisco startup that has raised $38 million from A-list VCs such as PayPal co-founders Peter Thiel, Elon Musk, and Max Levchin, Sequoia Capital, Andreessen Horowitz, and others, is taking on established powerhouses like PayPal and newcomers like WePay in the online payments space. The company emphasizes its ability to get almost anyone with ... [Read more]
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