Quick Answer 🔍How many people use Stripe in 2023?
Stripe has over 2 million customers worldwide, and more than 3.1 million active websites are using it as their payment processor.
How many people use Stripe and other information related to the business is difficult to find since the company has a limited transparency policy.
Therefore, some of the data you’ll find here will be estimates from reliable and expert resources.
However, there is enough data from the company reports to be as accurate as possible about the company.
We have some interesting statistics and facts about Stripe that we will share with you in this article.
Before we dig into the topic at hand, let’s briefly discuss some basics about Stripe. Stripe was founded by two brothers, John and Patrick Collison, in 2010.
Like all smart entrepreneurs, these brothers were seeking to be a part of the online payment industry.
They also wanted to make things easier and more seamless for ecommerce for payment transactions.
John Collison said, “Stripe really did come about because we were really appalled by how hard it was to charge for things online.”
Now that you have a little background about the company, let’s see how many people use this payment processing provider.
How Many People Use Stripe in 2023?
According to the latest available data, Stripe has over 2 million global customers.
While most of Stripe’s customers are small to medium-sized businesses, there are some well-known corporations like Amazon, Etsy, Walmart, Wayfair, and Target.
That means it’s not some fly-by-night operation.
While PayPal still has the top spot out of today’s payment processors, Stripe has the second spot.
More than 3.1 million active websites are using Stripe as their payment processor.
Who Uses the Stripe Payment Processor?
Out of the many Stripe users, we need to know who’s using it. Let’s talk about demographics.
According to Stripe’s website, it caters to 47 countries. The top five companies include the United States, the United Kingdom, Canada, France, and Japan.
Here is the most recent breakdown of Stripe users by country.
- United States: 250,957
- United Kingdom: 56,521
- Canada: 31,697
- France: 31,249
- Japan: 29,904
Stripe supports 32 types of payment methods, including debit cards, credit cards, bank debits, bank redirects, and other.
During the pandemic, usage of Stripe payment processing was accelerated due to the increase in digital payments over offline payments.
The top 20 companies that use Stripe for payment processing on their websites include:
- eBay UK
- CBS Sports
These are Stripe’s top 20 partners by rank. Are any of these your favorite websites?
What Is Stripe’s Market Value and Revenue?
As mentioned, Stripe has a strict, limited transparency policy, which is probably designed to protect its partners and customers.
However, there are expert estimations made from how many companies use the payment processor through calculations.
Forbes says that Stripe is worth $35 billion as of 2019.
Forbes admits that these are ballpark figures, but they also estimate that their annual revenues in 2019 amounted to $3.4 billion, which they say is a modest estimate.
Further data shows that now, Stripe is worth nearly $95 billion, which is significantly higher than Forbes business experts estimated in 2019.
That’s a lot of growth in valuation in three years.
However, it’s not surprising with the uptake in ecommerce and digital transactions across the globe since the pandemic.
Stripe also has 39 investors and holds 48 patents. On a sidebar, Elon Musk invested in its first round of seed funding for Stripe.
How Does Stripe Earn Revenue?
Stripe earns revenue from subscriptions and interchange fees. Also, Stripe charges between $3 and $15 for issuing cards, or reissuing lost cards.
Another revenue stream Stripe uses is through Stripe Capital, which lets customers borrow money from the company. The revenue comes from interest charges.
Furthermore, Stripe earns revenue when it sells shares of its startups in which the company has invested.
There are other ways Stripe earns revenue, but these represent a few of those methods.
Stripe has 23 products from which they earn revenue. Atlas, Connect, Issuing, and Radar are four of these products.
How Many Employees Does Stripe Have?
Data from 2021 reveals that Stripe has 2,500 employees all over the globe.
Stripe has 14 global offices in the United States, Australia, Canada, Brazil, and the Czech Republic.
An estimated 28% of Stripe employees work outside the United States.
Some of Stripe’s job roles include account executives, accounting analysts, administrative business partners, backend/API engineers, business technology managers, compliance managers, compliance testing analysts, and others.
On average, Stripe employee salaries range from about $63,000 to $245,000 per year, depending on the role.
The average hourly rates start at roughly $12.00 per how for customer service representatives to over $21.00 for visual merchandisers.
Generally speaking, Stripe is more than just another payment processor for ecommerce companies and websites.
Stripe is technically a developer of a wide range of financial software programs that provide online services to companies like Uber, Google, and others to transact safe and secure digital payments online.
You know that Stripe earns money through various income streams, including interest and transaction fees.
You may not have known about Stripe Capital, but this department of the company loans money to its customers.
After reading this article, when Stripe has job openings, you now have an idea of the salary ranges, hourly wage ranges, and types of jobs offered at Stripe.
Job sites like Glassdoor, Indeed, and LinkedIn often show some Stripe listings along with pay and job descriptions.
If you use services like Shopify, Amazon, eBay, Etsy, Mercari, Poshmark, and some other online selling venues, you’re already using Stripe as a payment processor.
It’s safe, secure, and trusted by small, medium, and big businesses all over the world.
Now that you have a good idea of how many people use Stripe, will you consider using it for your online business?