Tim Sweeney Quotes

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.

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

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

American businesses and consumers deserve a debit card system with competition, transparency, and reasonable fees.

PayPal claims it can help merchants expand into international markets; its system makes it easier to do business with customers in multiple countries, for example, by handling tricky stuff like currency conversions automatically.

Banks can send big corporate payments through existing channels or send a small payment through Ripple. They don't have to rip out existing infrastructure; they can use Ripple to make the transactions more profitable or more efficient.

If a developer wants to sell something via an iPad app - it's called an 'in-app purchase' - the transaction must go through Apple, which keeps 30 percent of the money and passes 70 percent on to the developer.

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.

Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand.

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

How do we let people pay for music?

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

Clear prices force health care providers and insurers to lower their rates to attract customers - like their counterparts in the rest of the economy.

I have very often held a view - and I am public about it - that if you run your operations inefficiently, you can't expect your consumer to pay for your inefficiencies.

Epic has prided itself on providing software directly to customers ever since I started mailing floppy disks in 1991.

First, we want to have a direct relationship with our customers wherever we can. On open platforms like PC and Android, it's possible for them to get the software direct from us. We can be in contact with them and not have a third-party distributor in between.

Low-value payments are now possible. Now, Ripple can make it easy for Facebook and Uber and Amazon to make payments to developers in real time. It's online and completely global.

For us, the reason that our quality has been high, and I feel that our pricing has been reasonable, is because we don't wholesale.

One of the strengths of the U.S. economy is its ability to most efficiently employ resources both domestically and from around the world and outsourcing is one such example of this.

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.

Ten Internets ago, when PayPal was started, it was all these tools that no one had built yet to bring commerce to the Internet. My first startup used PayPal.

To truly launch a great product, you need partners. Channel and marketing partners share in your success and share in the costs of reaching your target audience.

Venmo is one of the jewels of Paypal.

If someone is doing that, saving the customer money, is making a profit so bad?

It is in all our interests that the government, when buying goods or services, pays the lowest price.