Online card payments company, Stripe, targets British businesses in UK debut

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UK launch

UK launch

Stripe, a new way to accept card payments on websites and in mobile apps, launches today in the UK, its first European country.

Stripe claims it gives UK businesses a simple yet powerful way to accept payments online, replacing legacy merchant processors and banks.

Stripe said it has already achieved significant scale in the United States and Canada, processing millions of dollars each day for companies including Heroku, Foursquare, Evite, Grooveshark and Reddit. Stripe said it brings the same simplicity and ease of use to its UK product, removing the hassles of merchant accounts and compliance for online businesses.

“We’re incredibly excited to introduce Stripe to businesses in the UK,” said John Collison, co-founder of Stripe. “For the first time, businesses can add card payments to a website in minutes, while delighting customers with a seamless user experience. It’s easier than ever before to start doing business online.”

Businesses can accept all major card types including Visa, MasterCard and American Express, while retaining full control over the checkout experience on their website. For the first time, Stripe is launching support for multiple currencies: UK users can charge in USD, GBP and EUR immediately. Pricing in the UK starts at 2.4% + £0.20 per transaction + VAT, with volume discounts available upon request.

“Having used and evaluated countless payment services over my last three businesses, Stripe is by far the easiest solution available. We were able to begin accepting live payments in a matter of minutes and the integration for Thread.com took a fraction of the time it’s taken previously,” said Kieran O’Neill, founder of online personal shopping service Thread.com.

Stripe provides a solution for businesses of all sizes – Virgin Pure, part of Virgin Group, is using Stripe to power its subscription business. “Stripe really stood out as the best product when we were choosing a new payment solution and it was exceptionally quick and easy to integrate. Having full control over our checkout experience has made a big difference – since switching to Stripe our sales have been doubling and even tripling by the day,” said Joe Cohen, Virgin Pure interim CEO. 

Stripe has also partnered with UK platforms Kashflow and FreeAgent, while launching new support for UK users with Shopify, Bigcommerce, Squarespace, BigCartel, Wave and more. Stripe users in the UK can connect their Stripe accounts with these partners to accept live payments in seconds.

“Between chasing customers for payments and finding simple ways to accept and track customer payments, getting paid is a hassle for businesses. With payments powered by Stripe, we’re taking all the pain out of this process. Now, small business owners using Wave in the UK can get set up to accept card payments on their invoices almost instantly. Our customers are overcoming the obstacles surrounding the payment process and getting paid faster,” said Kirk Simpson, CEO of Wave. 

Stripe has opened an office in London, and said it is hiring to bring Stripe to businesses throughout Europe and Australia, as the next step in its global expansion.