Stripe, which is reportedly heading for a blockbuster IPO, provides a number of different services to businesses centred around digital payments. In the summer of 2021, however, it also launched its first terminal device, which facilitates physical point of sale payments as the world began to move out of the first wave of lockdowns.
Stripe will be targeting software platforms and internet-first retailers, such as Shopify. The ecommerce platform is using Stripe’s terminal to allow its merchants to accept payments in person rather than having separate systems for each.
Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size, from new startups to public companies like Salesforce and Facebook, use the company’s software to accept online payments and run financial operations in more than 100 countries.
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