Dan Schulman Quotes

For people who use Google Wallet, the experience works.

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.

Venmo is one of the jewels of Paypal.

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.

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

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

People who are using it to sell things on Craigslist to holding garage sales - campaigns - the Obama campaign and the Romney campaign both used Square to raise funds.

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.

When a country doesn't have a good economic infrastructure, that harms the country. With Stripe, the idea is that by providing better infrastructure, by linking the Internet economically, by making it easier for these online businesses to exist, it'll make the web better.

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

Twitter was around communication and visualizing what was happening in the world in real-time. Square was allowing everyone to accept the form of payment people have in their pocket today, which is a credit card.

With Stripe, people who previously operated online or offline in a very limited capacity now have all the tools to work like a real online business. That's a very valuable thing.

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

As we think about the future, one of the things we will do is to make sure PayPal becomes the central part of consumers' lives, how we enable consumers to manage and move their money more efficiently, easily, and less expensively than some traditional ways.

More people are using PayPal more frequently.

For a new payment product, you always have to ask, how much better is it than the current solution? So when we started Paypal, for eBay micro merchants, it was much better than getting the 7 to 10 days process of cashing a check in the mail. When you look at stores or physical worlds, places, a lot of these places are already set up to take cash or credit card. Apple Pay may be an incremental improvement, maybe a little bit better. But when you have something that's pretty good and you go to something that's perfect, sometimes it's very hard to drive adoption because the delta is not that big.

Customer-driven innovation was at the core of Intuit's first product, 'Quicken,' and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit 'GoPayment' and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy.

EBay is a great company. There are a lot of good assets and good customers, and the U.S. people love it.

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.

Technology has come a long way since PayPal.

Payfirma has revolutionized the payment process, consolidating mobile, e-commerce and in-store payments under a single solution, much like HootSuite did for social media.

We haven't even begun to see just how many transactions are going to take place online.

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

Our initial idea with Stripe was that for people like us - those building apps and websites - it was incredibly difficult to take payments. So with an open mind, and maybe a useful lack of knowledge about the industry, we started building a payment product.

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