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This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities.
The problem with that rather bifurcated system — WePay Co-Founder and Chief Strategy Officer Rich Aberman told Karen Webster in a recent conversation — was that it created a rather lumpy and friction-filled process for getting that SMB up and running with payments. “A They called the bank and asked for a merchant account.”.
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