July 17, 2012, 10:29 AM —
Elon Musk says PayPal "will be screwed" if they don't do something and innovate. He's putting his money behind Stripe.
Speaking to Sarah Lacy on PandoDaily (article includes a video clip), Elon Musk says the current PayPal situation is "slightly worse" than the product plan he wrote when running the company in 2000. While Square Up may corner the "iPhone as credit card device" market, payment service Stripe has recieved more funding recently, boosting it to a $500 million valuation.
Aiming at developers, Stripe currently has over 100,000 developer accounts on their platform, indicating serious uptake by the payment processing community. The no-surchage pricing is 2.9% of the transaction amount, along with 30 cents per successful transaction.
Stripe for me
Time is the value-add. After 2 Minutes on the Stripe website I know how to implement it and whats it gona cost.
Christian Budschedl on techcrunch.com
PayPal not dead yet
Remember the rest
Both Stripe and Braintree are great additions to the payment mix, but like Square they are pricing themselves out of larger transactions.
Ridgely Evers on techcrunch.com
if you think about Square they do add value besides just processing the payment by providing the consumer app and merchant register app and others things like analytics, loyalty, offers, etc.
Aalap Parikh on techcrunch.com
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