Question

"Stripe: Increase the GDP of the Internet"

1. When Patrick and John Collision began developing an online payments solution in 2010, many people believed that PayPal had already solved the problem. Why was there such a large opportunity and what allowed Stripe to succeed?
2. As Stripe Connect grew, many companies (e.g., Lyft, Kickstarter, Postmates) approached Stripe with requests for new product features and functionality. How should Stripe assess these opportunities, and how should it determine which product features to build?

Answer 1

Stripe is very successful payment portal where other services also available.

Embeddable check out

Custom UI tool kit

In-person payment

Open source plug in

Rapidly build production ready integrations with modern tools, from react components to real-time web hooks. Using strip's developer platform means less maintenance for legacy systems and more focus on customer and product exp.

They built the high time security.

They have global reach with one integration system .

They have strong industry expertise build in System.

They have high level of product improvement features for better operations.