Stripe, a financial infrastructure platform for businesses, today announced new features to help businesses accelerate their growth. The updates were part of Stripe Tour New York, the company's annual product showcase in NYC.

"Our mission is to grow the GDP of the internet, and we do that by helping our users grow faster. Increasingly, that means helping the world's most sophisticated companies not only optimize their payments, but also modernize their billing systems. Stripe Billing now powers more than 300,000 businesses, and it's one of our top investment areas," said Will Gaybrick, Stripe's president, product and business.

The announcements at Stripe Tour New York highlighted three areas of progress for Stripe:

1. Expanding support for more payment providers
   
2. Upgrading Stripe Billing
   
3. Continuing to build traction with some of the largest and most sophisticated enterprises in the world, such as NVIDIA, with which Stripe announced a new partnership today
   

Expanding interoperability

Earlier this year, Stripe unveiled an initiative to make Stripe interoperable with the most commonly used business tools, and to embrace a wider ecosystem of partners. As part of that initiative, Stripe today announced:

• Broader multiprocessor support for payments: Previously, businesses needed to process payments with Stripe to access most of its products. Earlier this year, Stripe announced it would begin working with other payment providers so companies can fit Stripe into their existing payments setup. Today, Stripe announced plans to double the number of third-party payment providers it supports to 12 by the end of the year. Mindbody and Blackbaud are already using Stripe's Optimized Checkout Suite alongside other payment providers. On average, businesses using the Optimized Checkout Suite see an 11.9% boost in revenue.
• New multiprocessor support for Stripe Billing and Stripe Radar: Stripe announced it's rolling out multiprocessor support for Billing and Radar, allowing businesses to manage subscriptions and combat fraud with Stripe even when transactions are processed by other providers. DoorDash is now using Radar for risk scoring on non-Stripe transactions.
• Updates for in-person selling: Stripe unveiled a new partnership with FreedomPay, an independent gateway provider that serves some of the largest businesses in the world through integrations with over 1,000 point of sale (POS) and property management systems, kiosks, and more. For the first time, businesses will be able to process in-person payments with Stripe using third-party hardware and their existing POS, making it easier than ever for businesses to unify their online and in-person payments. In addition, the Stripe Terminal SDK now supports direct connections for POS providers like Cegid and Oracle Xstore, joining existing connectors for Adobe, Oracle Opera, and others.
• Improvements for global selling: Stripe announced it has added Capchase (US), Kriya (UK), Satispay (Italy), and Sequra (Spain) to the 100+ payment methods already supported by its Optimized Checkout Suite. Stripe also announced that it is rolling out the ability for US businesses to offer a localized checkout experience to buyers in Nigeria, the sixth most populous country in the world. Stripe recently launched a similar localized experience for buyers in South Korea, as well as upcoming support for buyers in Indonesia.

"Money movement is a team sport," said Jeanne DeWitt Grosser, chief business officer at Stripe. “This year, working closely with our partners, we're dramatically increasing Stripe's usefulness and modularity. Now, companies can use just the parts of Stripe they need most.”

Powering internet-native business models with Stripe Billing

Stripe Billing helps over 300,000 companies manage the intricacies of how much to charge individual customers, and when. In addition to multiprocessor support, Billing will now include:

• More powerful analytics: Stripe Billing now helps users easily analyze revenue to uncover trends and forecast accurately. Users can compare their performance against similar businesses, spot areas for improvement, and use an AI assistant to get quick insights.
• Upgraded usage-based billing: Earlier this year, Stripe introduced the ability for businesses to charge dynamically based on a customer's actual usage of a product or service, rather than just flat-rate subscriptions. Now, Billing users can let their customers pay up front and draw down credits as they go. Stripe Billing now handles up to 100,000 usage events per second, up from 1,000 a few months ago, making it more accurate and reliable, especially for products with high-volume usage.

Stripe Billing makes it simple to set up billing plans, customize pricing, calculate amounts owed, preview invoices, apply discounts, send payment reminders, and track payments. It supports a variety of billing models, including sales-based contracts, tiered pricing, and usage-based billing. After being named a Leader by Gartner in August, Billing is now Stripe's second product, alongside its payments suite, to be given a top ranking by industry analysts.

Continuing traction with enterprises

Stripe continues to power both the world's fastest-growing new companies, like OpenAI, Perplexity, Midjourney, Anthropic, and Mistral.ai, as well as the most established enterprises, including Amazon, Hertz, URBN, and Best Buy. Today, Stripe announced a host of new enterprise users:

• NVIDIA is deepening its partnership with Stripe to enhance Stripe’s AI-powered capabilities and expand global access to NVIDIA's AI platform.
• Pepsi is partnering with Stripe to power direct-to-consumer and business-to-business projects across more than 20 countries, fueling the growth of its ecommerce business for brands like Gatorade, SodaStream, and Rockstar Energy.
• Rivian will use Stripe for its direct-to-customer transactions, including pre-orders, vehicle service, music streaming subscriptions, and more.
• AMC Networks has chosen Billing to power subscriptions for AMC+, its premier streaming service. AMC+ has boosted conversion rates, recovered lost revenue, and increased sign-ups with Stripe's checkout optimizations and "Link," Stripe’s accelerated checkout offering.
• Cloudflare is rolling out Link to help its self-serve customers check out faster with their cards or bank accounts. By autofilling payment details, Link boosts conversion by 14% on average for businesses with a large repeat customer base.
• Forbes is using Billing to manage subscriptions and has seen a 22.6% uplift in revenue in the past six months alone. With Stripe, it has increased authorization rates by 3% and reduced churn significantly.
• ClickFunnels will use Stripe's revenue automation and banking-as-a-service products to expand its platform offerings to help its customers launch and scale their online presence.

"Cloudflare is a network business. The wisdom we gain combatting an attack anywhere across our network benefits all customers. Our partnership with Stripe is a recognition of the same dynamic: fraud prevention and acceptance rates improve the more ubiquitous their network becomes," said Oliver Roup, vice president of product platform at Cloudflare. "Cloudflare's increasing scale now demands support for a range of pricing structures, customer sizes and payment styles globally. Our commitment to Stripe on these endeavors is a bet that Stripe's advantages will continue to compound and pay dividends over many years to come."

Improving cash flow and tax compliance

Stripe also introduced a set of new features to help users run their business more easily:

• Bank payments: Stripe announced that Instant Bank Payments are available for all US businesses using Link. With Link, payments from a bank account are confirmed instantly and settle in two business days—just like cards. This lowers costs for businesses and gives buyers more ways to pay. Uber is already saving over 50% on per-transaction processing costs with Instant Bank Payments.
• Faster payouts: To help businesses with their cash flow, Stripe announced that Stripe users in the US will be able to initiate same-day payouts. This means they'll receive their funds within a few hours (down from 1–2 days), for free.
• Dispute prevention: Stripe announced support for Verifi from Visa, which helps businesses streamline the dispute process and protect against unnecessary fraud. Stripe also previewed a new Smart Refunds feature, which uses machine learning to proactively recommend which payments to refund before they turn into disputes. This helps users reduce dispute rates and transaction costs.
• Stripe Tax: While Stripe Tax has always automated tax calculations, it now lets users register for sales tax across US jurisdictions and streamline global tax filings with partner integrations. By the end of the year, Stripe Tax will expand to 40 more countries, bringing total coverage to more than 100 countries.

These announcements at Stripe Tour New York follow a series of updates Stripe announced at events across Sydney, Singapore, Tokyo, Paris, and London.