Nothing like a steady monthly payment. With subscription transactions continuing to grow, platform company, Zuora, and payment gateway, Stripe, will be teaming up to enable Zuora clients to tap into Stripe’s robust e-commerce offerings. These include: payment choices, fraud detection, and cross-border transaction capabilities.
Most business verticals, whether physical goods, services, or software, are turning to subscription sales since the recurring payments model provides annuity revenue. So it’s no surprise to see this partnership coming together that will benefit subscription sellers and their customers.
The following excerpt from a Yahoo article reports more on the topic:
Zuora, a leading subscription management platform provider, today announced a strategic partnership with Stripe to accelerate the growth of the Subscription Economy®. A new product integration will enable Zuora customers — including Carbar, Intercom and Seiko Epson — to enhance their subscription experience with advanced payment capabilities.
“Winning subscription companies want to use the best technologies to build a competitive advantage,” said Chris Battles, Chief Product Officer at Zuora. “We’re thrilled to work with Stripe in an ecosystem of new world partners that helps to optimize and automate processes throughout our customers’ journey in the Subscription Economy.”
Stripe’s Chief Business Officer Billy Alvarado, said, “Stripe’s mission is to grow the GDP of the internet, and this partnership with Zuora extends that goal by giving Zuora users access to the full capabilities of Stripe payments. With the internet powering a rapidly growing portion of the global economy, it’s never been more important to provide subscription businesses with the economic infrastructure they need.”
Zuora customers will gain access to Stripe’s industry-leading payment capabilities within their existing Zuora subscription management integration
Overview by Raymond Pucci, Director, Merchant Services at Mercator Advisory Group