Stripe Terminal accelerates global momentum as consumers around the world return to in-person shopping
- Stripe Terminal, now available in 10 markets across 4 continents, has seen 6x growth in payments volume in the last 12 months
- Businesses using Terminal include internet first retailers like Buck Mason, Glossier, and Warby Parker, as well as platform businesses like Mindbody, Shopify, and Wix
- To further accelerate Terminal’s momentum and bring hardware development in-house, Stripe today announced it will acquire a leading card reader provider, BBPOS
SAN FRANCISCO AND DUBLIN – JAN 21, 2022 — Stripe, the financial infrastructure platform for businesses of all sizes, today shared an update on Stripe Terminal, its in-person payments solution for internet businesses.
Powering in-person experiences for the internet’s leading brands
Today, internet first retailers including Buck Mason, Castlery, Glossier, and Warby Parker are using Stripe to power transactions across both brick-and-mortar and online storefronts in a single unified tech stack. Using Terminal with Stripe Connect, platforms like Lightspeed, Mindbody, Shopify, and Wix provide their business users with the capability to accept in-person payments.
“With Stripe Terminal, businesses on Mindbody can use the same payment system for both online and in-person transactions, simplifying the experience for both wellness staff and customers,” said Emily Bartels, Vice President, Payments, Mindbody. “Now with Terminal available in the UK, more businesses using Mindbody can meet customers where they are, either online or in-person, with a cohesive way to pay for appointments and classes.”
Taking Terminal global
Last year, Stripe Terminal expanded to 9 additional countries across 4 continents. Having launched in the United States in 2018, Terminal is now available for businesses operating in Australia, Canada, France, Germany, Ireland, the Netherlands, New Zealand, Singapore, the UK, and the US.
With Terminal’s flexible developer tools, pre-certified card readers, and cloud-based hardware management, users like Lightspeed, Mindbody, Shopify, and Wix can now easily satisfy the demand from their global customers looking to offer omnichannel experiences.
“Despite the pandemic-fueled surge in online shopping, in-person sales remain important to many businesses’ bottom line. In the past year alone, Terminal payment volume has increased sixfold. As consumers return to in-person shopping, businesses around the world are now able to seamlessly accept both online and offline payments in a single system,” said John Affaki, Terminal Business Lead at Stripe.
Accelerating innovation for Terminal users
Stripe today announced it has entered into an agreement to acquire BBPOS, one of Stripe’s earliest and closest Terminal manufacturing partners. Last year alone, BBPOS and Stripe collaborated on three new card readers, including the first Stripe-designed piece of hardware, Stripe Reader. By bringing hardware development in-house, Stripe plans to accelerate the pace of innovation for its card readers.
Affaki said, “With Terminal, we offer simple, seamlessly integrated payment solutions to our global users. Bringing BBPOS’s hardware capabilities in-house means we will soon be able to innovate even faster.”
The acquisition is subject to customary closing conditions. Existing BBPOS customers can continue to use the company’s products directly.