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Stripe is a technology company that allows both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate online payment systems.

Payment logistics
Stripe allows web developers to integrate payment processing into their websites without having to register and maintain a merchant account. Stripe has a seven-day waiting period for transactions, during which time it profiles the businesses involved to protect against potential fraud. Stripe then transfers the funds directly into the bank account linked to the payee.

History
John and Patrick Collison founded Stripe in 2010 Stripe began as a startup called /dev/payments. The name resulted in misspellings and confusion to those outside the company, so the company renamed itself Stripe. In June 2010, Stripe received seed funding from Y Combinator, a startup accelerator. In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Sequoia Capital, and Andreessen Horowitz. In February 2012, Stripe received a $18 million Series A investment led by Sequoia Capital at a $100 million valuation. Stripe launched publicly in September 2011 after an extensive private beta. Less than a year after its public launch, Stripe received a $20 million Series B investment from General Catalyst, Sequoia Capital, Peter Thiel, Redpoint Ventures, Chris Dixon, and Aaron Levie. In March, 2013, Stripe acquired chat and task-management application Kickoff.

In March 2014, CEO Patrick Collison announced that Stripe would support bitcoin transactions.

Service
Stripe currently employs 580 people and is estimated to have brought in a revenue of $450 million in 2015. Stripe charges a 2.9% + 30 cent transaction fee for every payment that they process. Like other electronic payment system's stripe provides various open source libraries for different programming languages. Stripe has a reputation for being quick to deploy and being developer friendly. Stripe collects customer payments, accepts credit cards, issues charge backs, issues refunds, accepts international cards, and does card authorizations.

Security
Stripe’s security scheme includes three main aspects: During processing Stripe collects sensitive payment information and sends it directly to Stripe’s servers instead of the user's server. This means that the user’s servers will never have any sensitive payment details and the security burden falls on Stripe.
 * Stripe uses HTTPS for all services to protect data over the network. Through HSTS browsers interaction is guaranteed over HTTPS.
 * During card processing, the card number is encrypted with AES-256 and the decryption keys are stored on different machines.
 * Stripe is audited by a certified auditor of the Payment Card Industry (PCI) Security Standards Council.

Fraud Protection
Several fraud methods such as account hijacking, payment with stolen credit-card and unauthorized transactions exist. Stripe offers standard solutions for fraud protection which include IP checking, comparing client address to billing address, email checking and cookie checking. Stripe also utilizes machine learning to automatically detect fraudulent charges on their platform. Stripe provides a dashboard to collect information from users suspected of committing fraud.