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-> Published On: 25-09-2023
8 Must-Know Stripe Usage Statistics
Updated · Oct 25, 2023
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Shopping, education, and subscriptions now involve online payments. Consumers use these flexible methods as go-betweens for digital payments worldwide.
Stripe started in the US and has since grown to serve businesses in 46 countries. The company went public in September 2011, and its value exceeded $1 billion in just three years. Presently, Stripe's value is at $94.4 billion.
Read on to learn more about mind-blowing statistics on Stripe usage.
Stripe Usage Statistics
Stripe is an online payment platform that aids businesses in accepting payments and handling transactions smoothly on the web. It is a central online payment processing platform in over 40 countries.
In this article, find more data on how many companies use Stripe.
Who Uses Stripe?
Over 3 million websites use Stripe to pay for their transactions. Some companies that use Stripe to process payments are Amazon, AliExpress, Apple, and Target.
Read on to discover more exciting facts about Stripe’s usage statistics.
1. 87.55% of Stripe’s customers are from the e-commerce industry.
(Enterprise Apps Today)
Around 87.55% of customers originate from e-commerce sites, reflecting the prevalence of online shopping. Approximately 4.93% come from computer electronics and tech websites, indicating a specific interest group. In comparison, 2.78% are attributed to gaming websites, highlighting engagement in this niche.
2. A staggering 3.1 million operational websites utilize Stripe.
3,124,751 live websites accept payments through Stripe. The widespread adoption reflects the trust and reliance on Stripe’s capabilities by various online businesses and platforms.
3. Stripe's swipe fees begin at 2.9%.
PayPal's swipe fees include 2.29% and $0.09. For keyed transactions, it's 3.49% and $0.09. On the other hand, Stripe's swipe fees and transactions have the same rate of 2.9% and $0.3.
Swipe fees in services like PayPal and Stripe secure payments, drive improvements, and ensure smooth transactions with various options.
4. Around 44% of Stripe's customer base is in the United States.
A notable portion of Stripe's customers are in two key countries: the US and the UK.
The United States makes up 44% of these customers, showcasing widespread adoption. Their remarkable adoption rate underscores the platform’s popularity and effectiveness within a highly competitive and dynamic market.
5. 76% of Stripe’s users belong to small-scale businesses.
The breakdown from Stripe shows that 76% of customers are small businesses employing less than 50 employees. Meanwhile, 9% are large enterprises with over 1,000, and 16% belong to medium-sized companies.
These data reflect Stripe's flexibility in accommodating the different sizes of companies and its capacity to serve any sized company.
6. Stripe's been tracking 172,029 payments customers with 0-9 employees.
Within Stripe's payment management sector, the most significant portion of monitored customers consists of companies with employee counts of less than 10. It is closely followed by businesses with 20 to 49 employees, accounting for 49,819 firms.
7. Stripe's revenue surged by $12 billion in 2021.
Since 2019, Stripe’s gross revenue has surged by 4.3 times.
In 2021, Stripe achieved $12 billion in revenue, driven by a growth rate of 62.2%. The expanding adoption of e-commerce due to the global pandemic contributed to the surge in Stripe’s revenue.
8. Stripe holds about 19.45% of the market share in the payment processing industry.
Stripe's estimated market share of 19.45% positions it as the second-largest company in the global payment processing industry. The app’s market share reflects widespread user adoption and its preferred status among online businesses and consumers.
Stripe has become a pivotal player in online payment processing, serving as the financial backbone for businesses worldwide. Through its robust platform, Stripe facilitated seamless and secure transactions, underpinning the financial operations of a diverse range of enterprises.
As companies recognize Stripe's efficiency and versatility, its significant influence in the digital economy will endure.
Is PayPal bigger than Stripe?
Paypal, founded earlier, is a crucial global payment platform for individuals and businesses. At the same time, Stripe focuses on serving businesses and developers through online transaction tools.
Who owns most of Stripe?
The majority shareholders of Stripes are its founders — Patrick and John Collison privately own Stripe.
What is Stripe's competitive advantage?
Stripe's competitive advantage lies in its user-friendly technology, seamless payment processing, and global reach, enhancing businesses' market presence and international transactions.
How fast is Stripe growing?
Stripe has experienced at least 50% growth per year in its payment processing volume over the past five years, with the fastest rate of 150% being recorded in 2017.
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