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“Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way youd 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.” quote by John Collison
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“Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way youd 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.”

John Collison

About This Quote

Source Interview: Stripe Founders on Building the Web Economy, 2018

Stripe simplifies online payments, replacing outdated banking systems with a fast, affordable web‑native solution.

In simple terms: Stripe makes online payments easy.

Key Takeaway

Adopt modern, streamlined payment tools.

Themes

technology business innovation

Mood

pragmatic optimistic

Type

business technical

When to use this quote

  • e‑commerce startups
  • small businesses
  • online retailers

Key Concepts

fintech infrastructure digital economy

Questions to Reflect On

  • Will you switch to a web‑native payment platform?
  • How can you reduce payment friction for customers?
A Different Perspective

Legacy banks still dominate many regions, limiting access.

3.6 out of 5 (10 ratings)

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