Kickstarter Replacing Amazon Payments With Startup Stripe

Amazon payment processing, that has done over $1 Billion in donations for Kickstarter, is being ousted in favor of startup Stripe.

Kickstarter apparently does not like Amazon’s new Log In and Pay service that replaced its flexible payment plan in June. Or perhaps it’s that Amazon is taking too big a bite out of crowdfunders.

Stripe’s payment requirements are 2.9% plus $0.30 per successful charge (with a volume discount of processing over $80,000/month), less than the 3-4% Amazon apparently has been charging. It’s possible that Stripe is playing the float as it’s website says: “Earnings are transferred to your bank account on a 2-day rolling basis.” See https://stripe.com/us/pricing

Stripe is said to be valued at over $3 Billion in this hot VC market.

http://blogs.wsj.com/venturecapital/2015/01/06/amazon-payments-kicked-off-crowdsourced-fundraising-site-kickstarter/?mod=WSJBlog

Advertisements

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Banking, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.