Stripe, a provider of economic infrastructure for the internet, has announced the launch of a series of products to help platforms and their business customers adapt as the economy bounce backs.
Stripe has provided the critical infrastructure for platforms such as Instacart,, Amazon, DoorDash, Shopify and Slack to meet surging demand imposed by the COVID-19 pandemic. According to Stripe, platforms powered by the company have access to an enhanced toolkit to help their own customers adapt to the fast-changing economic environment. By offering customers more control over their subscriptions and more options to pay with international bank debits, platforms can use Stripe’s infrastructure to improve their end-customers’ experience as well as to increase their own bottom line.
“There’s no part of building a SaaS platform we don’t obsess about. From the new customer portal through to a dashboard that shows everything right down to MRR by product and plan, we’re consistently shipping features—from home—to make the process of building a SaaS platform effortless,” said James Dyett, Head of Product Growth at Stripe.
Stripe Billing is being used by more than 100,000 platforms with recurring revenue streams to provide customers with a seamless payment experience and maximise revenue. The FinTech’s hosted invoices get paid three times faster than typical invoices, and Billing’s integration with Stripe’s payments stack brings a range of additional revenue optimisations.
Technology companies, including Cloud Kitchens, ChowNow, Figma, Masterclass, Notion, Slack and Smartsheet, have chosen to integrate Stripe Billing to optimise their growth and enhance customer experiences.
“Stripe allows us to scale our payments system effortlessly. We’ve found that their out-of-the-box features like invoice PDFs, Smart Retries, and Subscriptions save us time and engineering resources enabling us to focus on billing features that are more specific to Figma,” said Davy Mao, an engineer at Figma.
Stripe has also announced the launch of a customer portal for Billing so that platforms with recurring revenue streams can give their customers greater control to manage subscriptions while minimising engineering investment. The portal is a secure, Stripe-hosted page that lets customers manage their subscription and billing details, such as payment information updates, choosing from different payment plans, or viewing their entire billing history.
This year, as economy reboots, support for international payment methods is critical for businesses looking to tap into increased spending power in markets. Stripe is adding support for Bacs Direct Debit in the UK, FPX bank debits in Malaysia, BECS Direct Debit in Australia, and Pre-Authorized Debits (PADs) in Canada. These supports help platforms with recurring revenue streams to use Stripe to handle the strict design and compliance requirements associated with accepting these bank debit payment methods.
Founded in 2010, Stripe is a technology company that builds economic infrastructure for the internet. Its customer base includes Wayfair, Peloton, Zoom, Instacart, Shopify, Instacart, Twilio, Westfield, Just Eat, to name a few. Recently, Unanet A/E partnered with Stripe for faster payments.