Kickstarter ditch Amazon Payments for Stripe
Crowdfunding platform Kickstarter has ditched Amazon payments for Stripe as its preferred payment partner over in the US.
Stripe is really doing well in the online payments stakes Stateside, although they have made little impact over here so far. There they already process payments for Facebook, Twitter, Lyft, Shopify, TaskRabbit, Instacart, Rackspace, Postmates, Handybook, Salesforce, OpenTable, Bigcommerce, Reddit, SquareSpace and WuFoo. You can see the full selection of Stripe partners here.
The company says: “Stripe will help Kickstarter’s users reach a broader audience and see higher conversion rates from backers anywhere in the world – especially those coming from mobile devices.”
It’s a blow for PayPal and the Stripe conversion on Kickstarter will be ready by late next week apparently.
The need for speed is of key concern it seems. Stripe is just quicker: Amazon Payments takes several days to set up and Stripe takes just a few minutes.
We’re very interested in these new payment systems here at Tamebay but must note that in the UK they have been very slow to make an impact. See also iZettle.
Great to see Kickstarter using Stripe. We have been using Stripe in the UK for about 16 months on our Big Commerce website, it was incredibly easy to set up. The charges may seem a bit steep to start with but it is pay as you go and compared to the merchant account dinosaurs offered by the UK banks it is streets ahead. The only problem is that if you have a Magento website the Stripe plug-in is $125 when all the other payment gateways are free.
I got rid of my HSBC Global Payments account with great pleasure, with it’s monthly payment what ever level of business, it’s shockingly lumpy dashboard, it’s creeping charges, it’s bank guarantees and it’s slowness. UK banks have not kept up with the changes in e-commerce and are relying on business’s not moving but company’s like Stripe, Paypal are starting to make a big impression.
The UK banks seem to have stuck their heads in the sand hoping these company’s will go away, but look at the growth of the business loan company’s like Iwoca, Cabbage, and EzeBob.