Stripe begins global payment quest with Canada expansion

Originally posted on Gigaom:

Stripe has been a revelation for thousands of developers in its first year because of the way it allows them to accept online payments by tapping a simple API. But Stripe’s benefits have been limited to the US — until now.

Stripe is answering its most frequently asked question — when will you expand beyond the US — with the launch of service in Canada Wednesday. The move follows a limited beta in Canada in the summer with companies including Tarsnap, MetaLab, and Shopify. Now developers north of the border will be able to take advantage of Stripe’s flat pricing, instant setup and the ability to accept all major credit cards.

StripeExpanding to Canada may not sound that challenging but it’s a big step for Stripe. Patrick Collison, Stripe’s co-founder said Canada presented unique problems because it’s controlled by legacy payment processors and also lacks needed infrastructure and facilities. The company had to…

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