Stripe is a payment processing application for eCommerce web stores and mobile apps. Online stores use Stripe to collect and process payments made over many different channels.
Founders Patrick Collison and John Collison launched Stripe in 2011, and back then, it was only available in the US. It took just three years for it to become a billion-dollar company, and as of 2021, Stripe is valued at $95 billion and is available in over 45 countries.
Stripe makes its revenue as a middleman service provider and charges customers a swipe fee of 2.9% plus 30 cents per transaction processed. It is the second most popular payment processing software after PayPal, with a market share of 17.07 percent.
Did you know?
- Over 3 million active websites use Stripe for their payment needs.
- Elon Musk, one of the founders of the online payment solution PayPal, was among the early investors in Stripe.
- Stripe currently supports a total of 32 payment methods:
The COVID-19 pandemic accelerated the movement from offline transactions to digital payments, and companies like Stripe saw massive growth during this period.
In this article, we look at the top 20 companies that use Stripe to process payments on their websites and mobile apps.
Top 20 Companies Using Stripe as Their Payment Processing Partner:
Founded in 1994 as an online bookstore by Jeff Bezos, Amazon is one of the largest eCommerce brands in the world today. It is, in fact, one of the Big Five American information technology companies, along with Meta, Microsoft, Apple, and Alphabet.
Amazon sells products ranging from apparel, electronics, and beauty products to healthcare products, toys, and automotive accessories.
Amazon has partnered with Stripe to fulfill its eCommerce transactions. It provides a secured checkout gateway with options like debit and credit cards, net banking, and mobile wallets.
AliExpress is a Chinese online retail service owned by the Alibaba Group. It mainly caters to small businesses in China and other countries like Brazil and Singapore and gives them a platform to sell their products to customers around the world.
AliExpress works on a model similar to eBay, where sellers can list products and directly sell to buyers. AliExpress is currently the most visited eCommerce website in Russia.
The checkout page available to sellers on AliExpress runs on Stripe. AliExpress's own wallet, Alipay, also accepts payments using Stripe.
Apple, founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, is the largest IT company by revenue in the world as of December 2021. Apple specializes in electronic products - mobiles, computers, music players, and so on, and in software services (iOS).
Apple.com hosts its own store and allows customers to purchase electronic products directly from their site, and the store's checkout is handled by Stripe.
Apple also has its own in-house e-wallet, Apple Pay. Customers can integrate Apple Pay into their mobile apps or website and collect payments from their customers. Apple Pay's transactions are also processed over Stripe.
Etsy is a US-based eCommerce company whose primary focus is handmade and vintage products that are at least 20 years old. The brand hosts products like jewelry and accessories, clothes, shoes, toys, wedding wear, and craft supplies.
Etsy's business model resembles an open craft fair, where sellers are given their own storefronts to list products, and Etsy charges them a fee of $0.20 per product.
As of December 2018, Etsy had over 2 million sellers and over 60 million products listed on its marketplace.
The storefront checkout page that is available to sellers processes orders using Stripe.
Founded by Sam Walton in 1962, Walmart Inc is the world's largest company by revenue as per 2020's Fortune Global 500 list.
Walmart is a US-based multinational retail corporation. Under its retail umbrella, it hosts grocery stores, hypermarkets, and discount department stores. Walmart has a global presence today, with over 10 thousand stores and clubs spread across 24 countries.
Payments accepted via the walmart.com store are processed using Stripe.
Target is a US-based retail store. It was ranked 37 on 2020's Fortune 500 list of America's largest corporations by total revenue, and as of 2021, it has close to two thousand stores across the United States.
Target stores list a wide range of products like beauty products, household essentials, home furnishing and decor, apparel and accessories, and also food and beverages.
Target has partnered with Stripe for its payment and transaction processing.
Wayfair, founded in 2002 as CSN Stores, is a US-based eCommerce company for furniture, home furnishing, and decor.
Wayfair is active in America, Canada, Ireland, and the UK, and its online store has over 14 million products listed by over 11 thousand global sellers. They sell products like furniture, bedding and bath products, home art and decor, kitchen appliances, tableware, etc.
Wayfair partners with sellers, and this vertical works on the classic dropshipping model, allowing sellers to list their products on the store so buyers can place orders which are then fulfilled by the product sellers directly.
The checkout on Wayfair is processed on Stripe.
ASOS, founded in 2000, is a British online fashion and cosmetic retail store. Their products are geared towards the youth and young adults. ASOS lists apparel and accessories like clothes, shoes, caps, jackets, and suits.
The online store has its own range of fashion products (called ASOS Design) and over 850 global brands like Nike, Tommy Hilfiger, Ralph Lauren, and Levi's listed as well.
ASOS currently has fulfillment centers in the UK, Europe, and the US and ships products to all 195 countries in the world.
All payment processing on the ASOS Marketplace is fulfilled using Stripe.
Samsung is a South Korean conglomerate and is one of the world's largest manufacturers of mobile phones, laptops, TVs, and home appliances.
Samsung was founded in 1938 by Lee Byung-chul as a trading company and later diversified into electronics, telecommunications, and other fields.
The Samsung Galaxy smartphone series launched in the early 2000s popularized Samsung's smartphones globally, and the Galaxy was among the best-selling smartphones in the world.
Purchases made on their online eCommerce store are processed by Stripe. Samsung's in-house e-wallet Samsung Pay also runs on Stripe.
10. eBay UK
eBay is a US-based eCommerce corporation founded in 1995 by Pierre Omidyar. It's popularly known for its auction-based transactions made directly between consumers on the platform.
eBay is a marketplace that allows sellers to list their products on the platform and buyers to purchase them; eBay does not have products of its own.
Sellers list products like apparel, electronics, cars, art, pet supplies, jewelry, shoes—pretty much anything, since it is an open marketplace. In 1999, four years after eBay was launched in the US, it opened in the UK under the domain ebay.co.uk.
Seller checkout pages and payment transactions made on the eBay UK store are processed using Stripe.
Mercari, founded in 2013, is a Japanese eCommerce company and is the first company in Japan to reach unicorn status. The Mercari marketplace app launched in 2013 is Japan's largest marketplace and records over JPY 10 billion in payment transactions every single month. Mercari launched in the US in 2014 and the UK in 2016.
Just like Amazon, Mercari allows sellers to list products on their online store, and the platform facilitates customer orders. Their primary products are in the fashion niche, with products like men's and women's wear, kid's wear, jewelry, and accessories, and they also sell home decor, bags, pet supplies, office supplies, etc.
Mercari accepts all major cards and e-wallets, and these transactions are processed on Stripe.
Wish, founded in 2010 by former Google engineer Piotr Szulczewski, is a US-based eCommerce platform. It works on the dropshipping model. Sellers can list their products on the platform, and consumers can place orders, which the seller has to fulfill.
Unlike other dropshipping platforms, however, Wish only allows sellers by invite, a feature that was recently introduced to improve the quality and authenticity of products.
Wish does not have any products or warehouses of its own. It currently has over 1 million sellers on the platform.
All sorts of products like apparel, decor, kitchen appliances, accessories, and electronics are sold on Wish. At checkout, Wish allows many different payment methods, all of which are processed on Stripe.
Otto is a German eCommerce company and is one of the largest online retailers of fashion and lifestyle products in the world. The Otto marketplace currently has over 11.5 million active customers. Otto sells to over 10 million customers across more than 30 countries.
Otto primarily lists fashion products like clothes and accessories, and also furniture, home decor, and so on. Otto has partnered with Stripe for its in-store payment transactions.
Newegg is a US-based online electronics items retailer. The majority stake is owned by the Chinese technology company Liaison Interactive. Newegg was founded in 2001.
Products sold on the online store range from computers, computer components, home appliances, audio systems, gaming consoles, automotive accessories, sporting equipment, etc. Payment transactions on Newegg are fulfilled over Stripe.
Chewy is a US-based online pet food and pet products store. The company was founded in 2011 and was acquired by PetSmart in 2017.
The site lists products for all sorts of animals like dogs, cats, fish, birds, horses, reptiles, and so on. Products listed on Chewwy are largely private brand assortments. Pet owners can purchase products like pet food, toys, accessories, and healthcare supplies, and they also have their own online pharmacy for pet medicines.
Transactions made on the online store are processed over Stripe.
Walgreens, founded in 1901, is a US-based online pharmacy store that lists health and wellness products, prescription drugs, health information, and also photo and print products.
Products on the online store include cosmetics, personal care essentials (shampoos, razor blades, etc.), home goods, medical electronics, prescription drugs like antibiotics and paracetamol, and print products like custom photos and posters.
The Walgreens checkout form that allows payments via cards and wallets processes transactions on Stripe.
17. CBS Sports
CBS Sports is an American sports network that airs American sports events of different levels from all over the country.
NFL matches, NCAA basketball games, Baseball leagues, Boxing matches, Formula 1 races, etc., can be watched on CBS Sport's online platform through a paid subscription, which is handled over Stripe.
It airs national-level sporting events as well as smaller college and regional level sporting events on its platform.
CDiscount, founded in 1998, is a French eCommerce website that operates in France, Spain, Luxembourg, Germany, and Italy.
They host an eCommerce store that sells products like home decor, furniture, sporting goods, home appliances, electronics, video games, toys, beauty products, and so on.
They also provide online travel booking services, event tickets, and phone network plans through their site. Transactions made on CDiscount are fulfilled through Stripe.
Poshmark is a social commerce marketplace that primarily caters to fashion products and also lists electronics items and home improvement products.
People can create a seller account and list products like clothes, shoes, accessories, pet toys, electronics items, etc. Buyers can then login and purchase products directly from the seller.
Transactions on Poshmark's eCommerce marketplace are processed by Stripe.
Farfetch, founded in 2007, is a British-based luxury fashion retail eCommerce platform.
They currently host over 700 boutique brands from across the world. They also host products like clothes, shoes, bags, accessories, and watches for men, women, and kids, and their products are in the luxury fashion niche.
Their eCommerce payment gateway is processed by Stripe.
And there you have it—20 companies from across the globe, some of which are the top brands and revenue generators in the world—that trust Stripe to fulfill their payment processing needs.
If you run an eCommerce store on Shopify, Squarespace, or WooCommerce, chances are, you use Stripe to process payments as well. If you're looking to get started with Stripe, check out their useful Getting Started guide.