Platforms and marketplaces achieve 364% ROI with Stripe
Forrester’s research found marketplaces and platforms are using Stripe Connect to manage complex payment flows, improve buyer and seller experiences, simplify and automate compliance, expand to new markets, and accelerate growth.
A complete set of building blocks
Connect provides a complete set of building blocks to support virtually any business model, including on-demand services, e‑commerce, travel and events, crowdfunding, and software platforms.
- Attract new sellers and quickly onboard them
- Improve conversion rates and reduce chargebacks
- Provide robust reporting to sellers and internal teams
- Better leverage developer resources
- Develop and launch new features to drive growth
- Expand into new markets faster and more cost effectively
- Reduce compliance burdens and alleviate risk (KYC, 1099s, ID verification, OFAC, PCI, MTL, PSD2)
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In the past two years, the countries that we have been able to expand to have generated millions in additional revenue for us. I don’t think that we would be in all of them right now because of the cost and the time [without Stripe].
SVP Finance
Technology company
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We felt like Stripe was moving at such a rapid pace of innovation that we weren’t just signing up for the tool sets that we‘re currently getting today, but we were also signing up for the tool sets that we will get tomorrow, a year later, five years later.
Former chief data officer
League management platform
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The onboarding process is extremely straightforward and all done online. In fact, our onboarding time went from two to three weeks, down to five minutes.
Head of Business Operations
League management platform
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We didn’t want to take that compliance risk on. We trust in what Stripe has built. We’re essentially outsourcing that risk to them as the payments provider, so that was key.
CTO
Accounting software