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In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. The company has taken an aggressive but strategic approach towards new market entry, expanding globally through its open engineering and easy integration. Source: Square.
Like secured credit cards offered at banks, it requires a one-time deposit between $100 and $1,000 at the time of the account opening, which then becomes the card’s creditlimit. Its first entry point in the market was in payments in October 2014.
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