Stripe to go into Beta in Ireland before hitting the rest of Europe.
Stripe the online payment system for apps and businesses founded by Irish brothers Patrick and John Collison is to launch in Ireland before hitting the rest of Europe.
The system allows for payments to be conducted online with out the need for a merchant account, There are no set up fees, no monthly membership fees or refund fees so you only pay for the cash you receive At a rate of 2.9% + 30c (Us Dollar) their fees come in cheaper than leading competitor Paypal.
Patrick and John founded Stripe in 2010 two years after selling their first start up Auctomatic. Stripe is based in Silicon Valley, California where Patrick credits for having an excellent multinational talent pool. To choose employees from. Stripe received $18m in funding in February from Sequoia Capital, who valued the company at $100million.
You can check it out by purchasing a book from the Collison’s younger brother Tommy for just 99c here.
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