Canadian's Internet Business

Stripe Online Payment Processing Enters Canadian Market

Paypal’s latest US competitor, Stripe, extended its services to Canadian online businesses this month.  The expansion comes only one year after Stripe’s launch in the US. Canada has been suffering from limited options in online payments and is expected to quickly embrace Stripe.

“We’ve been testing our service in Canada over the summer. We’re grateful to have received extensive feedback and help from companies including Tarsnap, MetaLab, and Shopify, all of whom have now been using Stripe for a few months,” Stripe states on their blog.

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It requires a leap of faith to place your online payment system in the hands of a startup.  Stripe has signed some recognizable names, however, including Four Square and Fast Company.  Canada needs healthy competition in credit card processing so we say “Welcome to Canada, Stripe!”

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