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Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. Stripe is powering online commerce for merchants of all sizes through its suite of payment services APIs.
It got the job done, Aberman told Webster, but it was clunky and had the unintended consequence of keeping all three parties — the SMB, the software provider and the merchant acquirer/processor — “at arm’s length.” That is your entry point into how you are going to manage your business, and that is pretty scary for traditional banks.
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