Patrick Collison Quotes

It's easy to talk to people over the Web, but it's not very easy to trigger transactions. That's the thing we set out to fix with Stripe.

Our idea with starting Stripe was to build better payments technology for people building things on the web.

Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

Stripe really did come about because we were really appalled by how hard it was to charge for things online.

For people who use Google Wallet, the experience works.

With PayPal, you have to send people over to their website... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.

What interests us in Stripe is the idea that there could much more commerce happening on the Internet.

Our initial idea with Stripe was that for people like us - those building apps and websites - it was incredibly difficult to take payments. So with an open mind, and maybe a useful lack of knowledge about the industry, we started building a payment product.

Amazon Web Services for payments is an apt description of Stripe.

Apple already had everyone's billing information from iTunes... you could buy things just by typing in your password... That, for the first time, brought very, very easy payment to the modern software world. That, more than anything, is why there is a business for paid apps.

Customer-driven innovation was at the core of Intuit's first product, 'Quicken,' and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit 'GoPayment' and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy.

With Stripe, people who previously operated online or offline in a very limited capacity now have all the tools to work like a real online business. That's a very valuable thing.

As long as the Internet economy continues to grow, Stripe will continue to grow.

PayPal's been around forever. How do we use that platform to solve the future of commerce?

The promise of the Internet is being held back by Visa, Master Card, American Express.

What we want to do to monetize Venmo is to add more and more capabilities. Anywhere you see a PayPal merchant, you can click on that button and actually use your Venmo account to check out at that merchant. Then we'll monetize that transaction exactly the same way we monetize a PayPal transaction.

We're really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.

When online business first appeared, a lot of operations would take your order and then disappear.

Our strategy is to provide even more value to users and tie the Venmo community into the PayPal merchant marketplace so that they can use Venmo to buy things.

Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand.

Venmo is one of the jewels of Paypal.

In so many ways, our business is very, very unique. For example, in India, people pay with cash, and we accept cash from day one. And a lot of people in India pay with cash. And that's part of our business model.

More people are using PayPal more frequently.

Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.

Online transactions, once relegated to leaps of faith, have evolved into our status quo. We no longer ask ourselves whether or not it's wise to buy online. Instead, we ask whether or not it's wise to deal with a particular person, service provider, or business.