Amazon and Stripe double down on their payments partnership (2024)

Amazon is “significantly expanding” its partnership with payments fintech Stripe.

The two companies have been working together since 2017 but the new global agreement will “deepen” their partnership, the firms say. It will see Stripe become a strategic payments partner for Amazon in the US, Europe and Canada, processing a significant portion of payments volume across businesses like Prime, Audible, Kindle and Amazon Pay.

The reciprocal agreement will also see Stripe make more use of Amazon Web Services (AWS), the ecommerce giant’s cloud infrastructure platform, to run and grow its business. Stripe’s reliance on AWS has already allowed it to scale and support millions of online businesses – but now, the fintech will take advantage of AWS’ growing suite of services including Graviton, which is used for efficiency and performance in data processing.

Partnering with Amazon is the ‘best path forward’

Max Bardon, Vice President of Payments at Amazon, says: “Stripe has been a trusted partner, helping accelerate our business at every turn. In particular, we value Stripe’s reliability. Even during peak days like Prime Day, Black Friday and Cyber Monday, Stripe delivers industry-leading uptime. We appreciate Stripe’s relentless commitment to putting users first.”

David Singleton, Chief Technology Officer of Stripe, adds: “We couldn’t run without AWS – and we wouldn’t want to. AWS is our customers’ first choice. The platform gives Stripe enormous developer leverage, which we then deploy in service of our users. As we look at the decade ahead, it’s clear the best path forward for Stripe and for our users is to partner more closely with Amazon.”

Finally, AWS CEO Adam Selipsky says: “Stripe has entrusted AWS with their core operations for over a decade and we take that responsibility seriously. In expanding our partnership, we’re honoured to do our part in supporting Stripe’s continued global growth for years to come.”

Partnering with industry heavyweights is not new to Stripe: in July last year, Stripe announced a partnership with Revolut to support the company's global expansion.

Amazon and Stripe double down on their payments partnership (2024)

FAQs

Does Amazon use Stripe for payments? ›

Amazon Pay is the latest in a series of products powered by Stripe under a strategic partnership with Amazon.

How to do 2 separate payments on Amazon? ›

You can split payment between one of the accepted credit or debit cards and an Amazon.com Gift Card, but you can't split payment among multiple cards.

Why does Amazon split payments? ›

Orders may be split into multiple shipments or even multiple orders. Because we charge for items when they're shipped, it may result in multiple charges.

Who does Amazon use for payments? ›

Amazon Pay accepts credit and debit cards. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB.

Is Stripe a trusted payment method? ›

Stripe uses AES-256, an industry-leading encryption standard, to secure its transaction communications. While AES-256 can suffer from brute force attacks, the protocol is widely considered one of the most robust encryption standards on the planet.

What does Stripe do for payments? ›

Stripe's payments platform lets you accept credit cards, debit cards, and popular payment methods around the world—all with a single integration. Get access to advanced payments features like 3D Secure 2 authentication, card updates, automated retries, and more.

Can you add a second payment method on Amazon? ›

In Your Account, select Your Payments. Do one of the following: To add a payment method, select the Add a payment method link under the category that you want to add. To edit or remove a payment method, select the card that you wish to edit on the left side of the page.

Does Amazon offer multiple payments? ›

You will be charged the full price of the qualifying product(s) you selected in one initial (down) payment and the corresponding number of subsequent monthly payments so that the total number of payments equals the number of payments in your Monthly Payments offer (provided that if the full price is not evenly ...

Can 2 separate Amazon accounts share payment? ›

To share Prime benefits and digital content between adults, both adults must link their accounts through Amazon Household and agree to share payment methods. Both adults will keep their own personal account while sharing Prime benefits. To share Prime benefits with your teen, add the teen to your Amazon Household.

Why has Amazon taken payment twice? ›

The most common are: One or more of the items was sold and dispatched by a Marketplace seller. We dispatched the items from different Fulfillment Centers. The items had different availabilities and you selected the I want my items faster.

Is Amazon double charging me? ›

An order was split into multiple shipments or sent to different addresses. Amazon charges your payment method when each part of the order is shipped. This is why you have separate charges on your statement. Go to Your Transactions to match the charge amounts and dates on your statement with the associated order number.

What does Amazon split mean? ›

Tech and e-commerce giant Amazon has a history of stock splits. Essentially, a stock split is when a company takes its total number of shares and divides each share into multiple shares. The effect is that each share is now more affordable, but it doesn't change the overall value of the company.

Which payment gateway does Amazon use? ›

Global card networks we support include American Express, Mastercard, and Visa. Local payment methods include KNET, Mada, MEEZA, NAPS and Sadad. Your customers can also pay using popular digital wallets including Apple Pay, Masterpass and Visa Checkout.

What bank does Amazon go through? ›

Chase Bank issues the Amazon Credit Card and the Amazon Prime Card. Synchrony Bank issues the Amazon Store Card. The Amazon Credit Card can be used wherever Visa is accepted, while the Amazon Store Card only works with Amazon affiliates.

What is the best online payment system? ›

10 Best online payment systems
  • Authorize.net — Best overall.
  • PayPal — Best for sending and receiving payments.
  • Google Pay — Best for storing multiple payment methods.
  • Amazon Pay — Best for a streamlined checkout.
  • Dwolla — Best for third-party integrations.
  • Stripe — Best for customization.
Feb 2, 2024

What company uses Stripe payment? ›

Stripe provides all the tools you need to accept payments online and in-person from customers around the world. Plus, our platform maximizes conversion and reduces fraud using machine learning. Companies like Wayfair, Peloton, and Warby Parker choose Stripe to scale and grow their revenue.

What payment methods does Stripe use? ›

Supported payment methods
Payment methodCurrenciesLimitations
Cash App PayUSDYou must be based in the United States.
CardsMost currenciesNone.
EPSEURNone.
Financial Process Exchange (FPX)MYRYou must be based in Malaysia.
21 more rows

Does Stripe take a percentage of payments? ›

Stripe is free to set up and the company does not charge a monthly or annual fee for its services. Instead, all Stripe fees are per transaction with transparent pricing. Online sales cost businesses 2.9% plus 30 cents per transaction.

Is Stripe better than PayPal for accepting payments? ›

The answer depends on your business needs. If your goal is to have a versatile payment processor that you can custom-design to work with various online platforms and business tools, Stripe is the better choice. But if you are looking for simple payment processing integrations, PayPal is better.

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