After five years of working together, Amazon and Stripe are starting a “new chapter in the two companies’ enduring relationship.”
A statement from both companies says that Amazon and Stripe are “deepening” their partnership around the world.
The two companies started working together in 2017, but will now “significantly expand” how Amazon’s huge e-commerce business uses Stripe’s core payments platform.
In turn, Stripe’s digital infrastructure will be provided by Amazon Web Services (AWS), which is Amazon’s cloud computing arm.
Stripe will now be a strategic payments partner for Amazon in the US, Europe, and Canada. This is because Amazon recently had a public fight with payments giant Visa.
It will now handle a big chunk of Amazon’s total payment volume. This includes payments for Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.
In a joint press release, the two companies said that the move “marks a new chapter in the long-term relationship between the two companies.”
“Stripe has been a trusted partner, helping accelerate our business at every turn,” said Max Bardon, vice president of payments, at Amazon.
“In particular, we value Stripe’s reliability. Even during peak days like Prime Day, Black Friday, and Cyber Monday, Stripe delivers industry-leading uptime. We appreciate Stripe’s relentless commitment to putting users first.”
Stripe’s chief technology officer, David Singleton, said, “We couldn’t run without AWS, and we wouldn’t want to.”
“AWS is our customers’ first choice. The platform gives Stripe enormous developer leverage, which we then deploy in service of our users. As we look at the decade ahead, it’s clear the best path forward for Stripe and for our users is to partner more closely with Amazon.”
