Announcement: PlatformPay.io Announces Strategic Partnership with Stripe Read Now >>
Under the partnership, PlatformPay.io will enhance payment facilitation, risk management, and embedded payments at scale (provided by Stripe). This will also provide additional value to Stripe clients in regard to their subscription billing and optimization. This partnership combines Stripe’s billing platform with PlatformPay.io’s subscription technology to bring unique strengths that matter to clients.
A spokesperson at Stripe commented, “We’re very excited to expand our relationship with PlatformPay.io. We have seen their diligence internally and the unique offering they provide their clients, and we are proud to forge a long-term partnership together. Expanding our relationship was a welcome and natural progression, PlatformPay.io is a proven leader in the space, and we are excited for our upcoming roadmap together.”
Jeffrey Mendelsohn at PlatformPay.io said, “While we knew Stripe by reputation as a payments leader – sometimes reputation can be one thing, but working together to successfully execute can be another thing entirely. When one of our trusted partners wholeheartedly recommended Stripe to us, we could easily see why – it was the diligent follow through and genuine attention to detail that we’ve been looking for to help achieve our goals. Not only is their product first rate, but their support has been unmatched. Our goals are aligned, and we have full confidence in our next stage together, in growth and service offering to our clients.”
The AI Future of Risk Mitigation –
PlatformPay.io will now be using the strength of Stripe’s AI Anti-Fraud system “Radar” to fight fraud. With millions of global businesses processing more than $1.9 trillion in payments each year, there’s a 92% chance a card has been seen before on the Stripe network.
Radar ingests data from every layer of the financial stack, integrating checkout flow data, rich payments data, and card network and bank information to assess fraud risk. Radar’s AI scans every payment and account using hundreds of signals from across the Stripe network to help detect and prevent fraud before it hits – assigning risk scores to every payment and automatically blocking high-risk payments.
Enhanced Approvals and Safety –
For E-Commerce merchants, and particularly established brands, a high approval rate is king. But this can easily go awry if proper fraud controls are not in place. PlatformPay.io will adopt Stripe’s fraud controls and preferred banking relationships and incorporate it into their offering to allow for greater fraud prevention as well as enhanced approval rates at scale.
The result of this will be greater cost savings for PlatformPay.io and their clients. Likewise, superior efficiency in predictive modeling will help drive incremental revenue without additional cost, all while mitigating risk. This will be offered at zero cost to PlatformPay.io clients, as transactions will be blocked before attempting, while also allowing for the highest approval rates possible. This partnership significantly allows for the best value for PlatformPay.io clients and additional risk mitigation for PlatformPay.io itself.
"We’re very excited to expand our relationship with PlatformPay.io. We have seen their diligence internally and the unique offering they provide their clients, and we are proud to forge a long-term partnership together."
Value Creation and Subscription Optimization –
With the new partnership, Stripe can now provide clients an additional revenue stream through PlatformPay.io’s subscription billing and optimization service – as well as providing increased product value to the end user. PlatformPay.io will deliver fully unique content, video, and tools to each client on an individual basis. The value to the end user and member will be increased at no additional cost to Stripe clients, as PlatformPay.io will be working on a performance-only basis, billing only on the increase in incremental revenue.
Compliance Built for Platforms –
As PlatformPay.io continues to expand globally, compliance requirements grow exponentially complicated by stringent regulations that vary by country. Through their partnership with Stripe, PlatformPay.io will be able to leverage Stripe’s suite of tools for managing identity verifications, KYC, and sanctions checks while onboarding users; and leveraging Stripe’s licenses around the world; and more.
About Stripe.com –
Stripe helps the world’s most successful platforms – such as Shopify, DoorDash, DocuSign (and PlatformPay.io) – to launch, scale, and differentiate a profitable payment business. Stripe facilitates seamless onboarding, embedded components, global payouts, and more – being a market leader for over 13 years, with trillions processed annually.
About PlatformPay.io –
PlatformPay.io delivers subscription-based payment optimization solutions that help businesses grow securely and efficiently in global markets. With expertise in payment infrastructure, risk management, and regulatory compliance, they are dedicated to giving merchants the tools they need to expand and increase their margins confidently in today’s fast-moving marketplace. To learn more, visit PlatformPay.io.
Under the partnership, PlatformPay.io will enhance payment facilitation, risk management, and embedded payments at scale (provided by Stripe). This will also provide additional value to Stripe clients in regard to their subscription billing and optimization. This partnership combines Stripe’s billing platform with PlatformPay.io’s subscription technology to bring unique strengths that matter to clients.
A spokesperson at Stripe commented, “We’re very excited to expand our relationship with PlatformPay.io. We have seen their diligence internally and the unique offering they provide their clients, and we are proud to forge a long-term partnership together. Expanding our relationship was a welcome and natural progression, PlatformPay.io is a proven leader in the space, and we are excited for our upcoming roadmap together.”
Jeffrey Mendelsohn at PlatformPay.io said, “While we knew Stripe by reputation as a payments leader – sometimes reputation can be one thing, but working together to successfully execute can be another thing entirely. When one of our trusted partners wholeheartedly recommended Stripe to us, we could easily see why – it was the diligent follow through and genuine attention to detail that we’ve been looking for to help achieve our goals. Not only is their product first rate, but their support has been unmatched. Our goals are aligned, and we have full confidence in our next stage together, in growth and service offering to our clients.”
The AI Future of Risk Mitigation –
PlatformPay.io will now be using the strength of Stripe’s AI Anti-Fraud system “Radar” to fight fraud. With millions of global businesses processing more than $1.9 trillion in payments each year, there’s a 92% chance a card has been seen before on the Stripe network.
Radar ingests data from every layer of the financial stack, integrating checkout flow data, rich payments data, and card network and bank information to assess fraud risk. Radar’s AI scans every payment and account using hundreds of signals from across the Stripe network to help detect and prevent fraud before it hits – assigning risk scores to every payment and automatically blocking high-risk payments.
Enhanced Approvals and Safety –
For E-Commerce merchants, and particularly established brands, a high approval rate is king. But this can easily go awry if proper fraud controls are not in place. PlatformPay.io will adopt Stripe’s fraud controls and preferred banking relationships and incorporate it into their offering to allow for greater fraud prevention as well as enhanced approval rates at scale.
The result of this will be greater cost savings for PlatformPay.io and their clients. Likewise, superior efficiency in predictive modeling will help drive incremental revenue without additional cost, all while mitigating risk. This will be offered at zero cost to PlatformPay.io clients, as transactions will be blocked before attempting, while also allowing for the highest approval rates possible. This partnership significantly allows for the best value for PlatformPay.io clients and additional risk mitigation for PlatformPay.io itself.
Value Creation and Subscription Optimization –
With the new partnership, Stripe can now provide clients an additional revenue stream through PlatformPay.io’s subscription billing and optimization service – as well as providing increased product value to the end user. PlatformPay.io will deliver fully unique content, video, and tools to each client on an individual basis. The value to the end user and member will be increased at no additional cost to Stripe clients, as PlatformPay.io will be working on a performance-only basis, billing only on the increase in incremental revenue.
Compliance Built for Platforms –
As PlatformPay.io continues to expand globally, compliance requirements grow exponentially complicated by stringent regulations that vary by country. Through their partnership with Stripe, PlatformPay.io will be able to leverage Stripe’s suite of tools for managing identity verifications, KYC, and sanctions checks while onboarding users; and leveraging Stripe’s licenses around the world; and more.
About Stripe.com –
Stripe helps the world’s most successful platforms – such as Shopify, DoorDash, DocuSign (and PlatformPay.io) – to launch, scale, and differentiate a profitable payment business.
Stripe facilitates seamless onboarding, embedded components, global payouts, and more – being a market leader for over 13 years, with trillions processed annually.
About PlatformPay.io –
PlatformPay.io delivers subscription-based payment optimization solutions that help businesses grow securely and efficiently in global markets. With expertise in payment infrastructure, risk management, and regulatory compliance, they are dedicated to giving merchants the tools they need to expand and increase their margins confidently in today’s fast-moving marketplace. To learn more, visit PlatformPay.io.
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