Stripe's Payments Payout Technology For Collaborative Consumption Startups Now Processing Up To $500K Per Day

A few weeks ago, payments startup Stripe made it significantly easier for collaborative consumption startups to take and process payments. The company's new technology allowed for payments to be distributed to multiple bank accounts, which is an issue for startups like Lyft, which are attempting to pay drivers with different accounts from the accounts of users. Stripe says that the service has taken off, and the company is now paying out up to $500,000 per day in these payouts to collaborative consumption startups alone.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Bw0iSiBjIbI/

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