Online Payment Provider Stripe Enters U.K. (Aug. 19, 2013)
Aug. 19, 2013
San Francisco-based online payment startup Stripe has expanded its services to the U.K. The company’s platform enables merchants to accept network branded payment cards online by integrating a few lines of code on their Websites. Already active in the U.S. and Canada, Stripe’s client list includes Foursquare and Redditt.
The company has been testing its service with selected U.K. retailers over the past several months, Stripe said in a company blog post. Its platform enables U.K. merchants to accept payments in British pounds, U.S. dollars or euros. There is no setup or monthly fee; Stripe charges 2.4 percent, plus 20 pence (31 cents) per transaction in the U.K., a bit lower than its U.S. rates, which are set at 2.9 percent per transaction. One of Stripe’s test launch partners in the U.K., purified water provider Virgin Pure, said its sales tripled online during the Stripe pilot. The company is working to add more merchants to its client roster, while planning further expansion in Europe and Australia.
