John Collison Quotes

Our idea with starting Stripe was to build better payments technology for people building things on the web.

Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

It's easy to talk to people over the Web, but it's not very easy to trigger transactions. That's the thing we set out to fix with Stripe.

Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.

Amazon Web Services for payments is an apt description of Stripe.

With PayPal, you have to send people over to their website... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.

Stripe really did come about because we were really appalled by how hard it was to charge for things online.

For people who use Google Wallet, the experience works.

What interests us in Stripe is the idea that there could much more commerce happening on the Internet.

PayPal's been around forever. How do we use that platform to solve the future of commerce?

What we want to do to monetize Venmo is to add more and more capabilities. Anywhere you see a PayPal merchant, you can click on that button and actually use your Venmo account to check out at that merchant. Then we'll monetize that transaction exactly the same way we monetize a PayPal transaction.

Consumers expect a safe, convenient, and affordable globalised payment platform.

We're really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.

Elon Musk with PayPal revolutionized banking.

A number of people in the United States, almost everyone, is using plastic cards to pay for things, but it's extremely difficult to accept these cards. So let's make it's easy and take more and more of the friction out as we can.

As long as the Internet economy continues to grow, Stripe will continue to grow.

We don't think there is any money to be made in payments anymore. The entire business model of extracting a toll or having time delays around the movement of value is going away completely.

The promise of the Internet is being held back by Visa, Master Card, American Express.

We're barely scratching the surface of how people experience and utilize p2p payments, despite it being a multi-millennium-old behavior.

An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality of services in response to changing technology and changing demand.

Venmo is one of the jewels of Paypal.

Payments is a hard business. It's a messy business, with not necessarily the largest of margins.

In so many ways, our business is very, very unique. For example, in India, people pay with cash, and we accept cash from day one. And a lot of people in India pay with cash. And that's part of our business model.

More people are using PayPal more frequently.

Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.