Anthropogenic climate change is accelerating. As a result, we decided to become a carbon-neutral business. Learn more
development We've released version 6.0.0 of Stripe's PHP library, which includes support for automatic request retries.
radar 3D Secure often — but not always — shifts liability for fraudulent charges from your business to the card networks. Now, you can write Radar rules based on whether there's a liability shift.
radar You can now set rules based on whether 3D Secure is recommended, required, optional, or not supported for a specific payment.
We’ll be turning off support for all API requests to Stripe from servers using older versions of TLS on June 13, 2018. The TLS protocol is used to encrypt your servers’ communications with Stripe, so it’s important that your integration uses the latest version. (TLS 1.2 is much more secure than its predecessors.)
Since our announcement two years ago, we’ve been working with our users to upgrade almost all Stripe integrations to using TLS 1.2 for API requests.
Here’s the timeline we’ll be following:
- Monday, February 19: All servers using older versions of TLS will be blocked from the Stripe API in test mode.
- Wednesday, June 13: All servers using older versions of TLS will be blocked from the Stripe API in live mode.
If you’re not sure you’re running TLS 1.2, you can follow our detailed upgrade instructions to check your version and learn how to secure your servers. While there are usually no changes required to your Stripe code, you might need to upgrade the operating system or packages on your servers.
If you have any questions or need help, just let us know!
You can now write custom Radar rules for CVC, ZIP, and address verification using the outcomes
mobile We've released version 12.0.0 of Stripe's iOS SDK, which includes support for creating tokens for Connected Accounts.
radar You can now write Radar rules using the card BIN, card fingerprint, charge description, and email associated with the payment.
At Stripe, we’ve long been excited about the possibilities of cryptocurrencies and the experimentation and innovation that’s come with them. In 2014, we became the first major payments company to support Bitcoin payments.
Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive.
Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange. Given the overall success that the Bitcoin community has achieved, it’s hard to quibble with the decisions that have been made along the way. (And we’re certainly happy to see any novel, ambitious project do so well.)
This has led to Bitcoin becoming less useful for payments, however. Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. (By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the “wrong” amount.) Furthermore, fees have risen a great deal. For a regular Bitcoin transaction, a fee of tens of U.S. dollars is common, making Bitcoin transactions about as expensive as bank wires.
Because of this, we’ve seen the desire from our customers to accept Bitcoin decrease. And of the businesses that are accepting Bitcoin on Stripe, we’ve seen their revenues from Bitcoin decline substantially. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense.
Therefore, starting today, we are winding down support for Bitcoin payments. Over the next three months we will work with affected Stripe users to ensure a smooth transition before we stop processing Bitcoin transactions on April 23, 2018.
Despite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future. We’re interested in what’s happening with Lightning and other proposals to enable faster payments. OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow. It’s possible that Bitcoin Cash, Litecoin, or another Bitcoin variant, will find a way to achieve significant popularity while keeping settlement times and transaction fees very low. Bitcoin itself may become viable for payments again in the future. And, of course, there’ll be more ideas and technologies in the years ahead.
So, we will continue to pay close attention to the ecosystem and to look for opportunities to help our customers by adding support for cryptocurrencies and new distributed protocols in the future.
Strong Customer Authentication. The EU’s new Payment Services Directive (PSD2) law doesn’t just affect marketplaces and platforms. Our new guide covers what all internet businesses need to know. Read the guide
Today, we’re launching features to make business taxes easier for companies using Stripe Atlas.
We’ve heard from many Stripe Atlas entrepreneurs that getting business taxes right is painful. It’s hard to know what taxes you owe, good accountants are expensive and hard to find, and fixing mistakes is even more expensive. All of this takes time away from building your product and company.
Now, Stripe Atlas helps startups handle two primary U.S. tax requirements:
Delaware franchise tax
Paying franchise tax and filing an annual report is a requirement for all Delaware corporations; it’s traditionally involved a bill in the mail and a confusing government website. You can now submit this filing with just a few clicks from the Stripe dashboard and no preparation fee.
Corporate income taxes
Since every company’s situation is different, we recommend working with an accountant to prepare corporate income taxes. We’ve handpicked experts used by top startups and worked with them to offer discounts of up to 50% for Stripe Atlas users. And Atlas makes it easy to collaborate with them: from the Dashboard, you can select the accountant who's right for you, answer a few questions about your business, and they’ll reach out to finalize your return.
We’ve also published a new guide to help demystify tax season.
We launched Stripe Atlas to make it simple to start a company. With tools for handling taxes, issuing stock to founders, renewing a registered agent, and a post-incorporation checklist, we hope Atlas continues to be helpful as you operate and grow your company as well. If you have any questions or feedback, please reach out!
The best way to start an internet business. Join Stripe Atlas
We built Sigma to help businesses quickly analyze their Stripe data and get to insights faster. Today, we’re adding the ability for Connect platforms to query data about their connected accounts as well.
Platforms like DoorDash, Catawiki, OrderMyGear, and others accept money and pay out to hundreds of thousands of sellers and service providers around the world. For platforms like these, analyzing data for specific accounts or across accounts gets very tricky—often requiring paginating and collating responses across multiple API calls or exporting disparate datasets into a custom analytics stack.
Since launch, many platforms and marketplaces have already started using Sigma to query aggregate data about their businesses. With this update, platforms can quickly use standard SQL queries to look up data for both a specific connected account or across connected accounts.
For example, platforms can now generate a summary of their connected accounts with details such as number of charges, total processed volume, and current balance in various currencies to quickly identify parts of the platform that need attention or new business opportunities:
Business name Country Number of charges Gross volume Currency Rocketship Inc. US 6,230 321252.49 usd Pampurred Cats US 1,011 22233.49 usd Vinted Vellum HK 35,508 952146.23 hkd Monster Cookies CA 62,744 1334934.66 cad
Platforms can also customize the reports to include just the data columns that are most useful. You can look up the verification status of connected accounts and follow up with sellers who haven’t completed the onboarding process or use Sigma to find connected accounts with active disputes:
Service provider Payments enabled Payouts enabled Verification required Account balance Hemant B. TRUE TRUE 0 Brian Z. TRUE FALSE legal_entity.verification.document -12.98 Charlie M. TRUE TRUE 0
As with any Sigma query, you can turn these platform-specific queries into a daily, weekly, or monthly report—we’ll automatically run the query on the chosen schedule and email you the results.
We hope these new data tables help platforms analyze their business quickly and easily. If you have questions or feedback, we’d love to hear from you!
Start a free trial of Stripe Sigma for your platform. Request access
We recently built a distributed cron job scheduling system on top of Kubernetes, an exciting new platform for container orchestration. Kubernetes is very popular right now and makes a lot of exciting promises: one of the most exciting is that engineers don’t need to know or care what machines their applications run on.
Distributed systems are really hard, and managing services on distributed systems is one of the hardest problems operations teams face. Breaking in new software in production and learning how to operate it reliably is something we take very seriously. As an example of why learning to operate Kubernetes is important (and why it’s hard!), here’s a fantastic postmortem of a one-hour outage caused by a bug in Kubernetes.
In this post, we’ll explain why we chose to build on top of Kubernetes. We’ll examine how we integrated Kubernetes into our existing infrastructure, our approach to building confidence in (and improving) our Kubernetes’ cluster’s reliability, and the abstractions we’ve built on top of Kubernetes.
We’ve consistently heard from platforms that onboarding sellers is still one of the hardest challenges they face. Earlier this year, we launched Express accounts for Connect platforms to provide you a quick and easy way to onboard individuals as sellers and service providers while maintaining control over the look and feel of the experience. Express platforms have already onboarded thousands of individuals across industries ranging from childcare to streetwear. Starting today, you can also onboard businesses on your platform with Express.
Paying out businesses requires some identity verification and tax checks to comply with financial laws and regulation. In addition to providing platforms a pre-built, customizable onboarding experience and reporting dashboard, Express now automatically collects the right info when onboarding both individuals and businesses.
For example, Lugg, an on-demand marketplace for moving and delivery, connects customers with “Luggers” who can help them move or transport large items. While many of the Luggers are individual workers, some are moving companies (incorporated as businesses). In just five days, a single engineer at Lugg was able to integrate Express to speed up their previously manual onboarding process and support both individuals and businesses signing up for their platform.
Express also lets you customize the branding of the onboarding flow and dashboard so it matches the rest of your product experience.
Online wedding marketplace WeddingWire used Express to launch a new payments feature that lets couples pay their wedding vendors online, eliminating the hassle of sending checks or carrying envelopes of cash around on their wedding day.
“With the pre-built UI offered by Express, we were able to go from concept to initial launch in a just a few weeks—the fastest we’ve ever launched a new feature of this scale.”
— Andy Ivanovich, VP Finance & Strategy, WeddingWire
We’re excited to help more marketplaces and platforms get started with Express’ quick integration process, but we think existing platforms can also find Express useful. In the past few weeks, publishing platform Medium integrated Express to streamline how writers on their platform get paid for their work.
"Previously, we built our own tool that required ongoing maintenance. After spending just one week on the Express integration, our writers can now get signed up easily, in a UI that reflects our branding. Express has also eliminated tedious maintenance work and helps writers feel more secure when entering payment details."
— Jamie Talbot, Director of Engineering, Medium
Express is currently available in the U.S. with support for more countries coming soon. If you’re interested in using Express for your platform, you can check out our guide to getting started. (If you already use Express, you can support onboarding businesses with a single parameter change.)
If you have any questions or feedback, we’d love to hear from you.
Want to learn more about Express? Get in touch
Stripe Snapshot: Fraud Trends and Behavior. We looked across more than a year’s worth of data to understand fraudulent behavior patterns by country, time-of-day, industry, and other factors to guide how businesses approach battling online fraud. Download the PDF