SAN FRANCISCO—Stripe, a financial infrastructure platform for businesses, announced its work with Best Buy to help power the retailer’s expansion into prescription health and wellness technology products. Stripe provides the payments infrastructure for Best Buy’s new platform, Wellness.BestBuyHealth.com, a new convenient online experience where continuous glucose monitoring devices (CGMs) are now sold to eligible customers.
As a result of working with Stripe to help offer prescription CGMs to eligible customers, Best Buy will benefit from API reliability consistently exceeding 99.999% uptime.
"Stripe is thrilled to accelerate the expansion of Best Buy’s health and wellness category as they sell prescription based medical devices for the first time," said Eileen O’Mara, chief revenue officer at Stripe.
With Stripe, Best Buy was able to easily integrate payments into Wellness.BestBuyHealth.com, allowing it to go to market sooner with "technology and expertise that enriches and saves lives," the company explained when it announced the expansion.
Stripe helps large retailers and businesses maximize payment authorizations with tools like Stripe Radar, Enhanced Issuer Network, Network Tokens, Card Account Updater, and more. With Stripe, businesses have generated billions in additional revenue as a result of fewer legitimate charges being declined.