On 22nd July 2014, Stripe announced the launch of its payments platform in Australia – the company’s first attempt in Asia-Pacific. Now, Australian businesses can immediately begin accepting payments from anyone, anywhere in the world.
“When I moved to Australia a couple of years ago, I quickly noticed that online payments were unnecessarily awkward for businesses here – protracted setup, stacks of paperwork, and convoluted approval processes,” wrote Stripe’s Susan Wu, in the company’s blog statement. “We’d like to fix this.”
- All a user needs for payments is his bank-account number.
- Pricing: 1.75% + A$0.30 for Australian cards and 2.9% + A%0.30 for international and American Express cards.
- Stripe also brings its full international currency support with it, enabling Australian users to charge in more than 100 currencies.
- The company also said it would sort out conversions for users, as well as transfer funds to their bank account in Australian dollars.
“We’re also hiring in Melbourne and Sydney. We already have a contingent of six Australians working at Stripe, hailing from all parts of the country, including Perth, Hobart, Sydney, Melbourne, and country Victoria,” continued Wu, in the blog statement. “During our beta, we have been delighted to watch Australian businesses build world-class products, including Canva, LIFX, Sitepoint, BlueChilli, and Flightfox. Now that we’ve launched, we look forward to working with many more.”
"Stripe's mission is to grow Internet commerce by providing everything an online business needs to accept payments," added John Collison, co-founder and president of Stripe, in a blogpost.
Stripes counts Visa, MasterCard and American Express, as well as some banks, as its partners. The company also offers Bitcoin and China-based Alipay acceptance. Stripe says it is now being used in 17 countries and is processing “billions of dollars” every year.