Finix allows companies to build their own payments systems instead of relying on an outside firm like Stripe.
Stripe Connect is a payments platform designed for other platforms and marketplaces like social media companies, ride-sharing services, and ecommerce players. With its infrastructure, clients with multiple buyers and sellers can onboard new sellers and manage payments in and out through one system. , GitHub, Lyft, and Shopify. Stripe charges its Connect customers 2.9% plus 30 cents for every successful card transaction processed on behalf of those kinds of companies on its network.
In addition to payments, Stripe has rolled out card issuing capabilities, small business lending throughLightspeed, in turn, is considering doing its own lending to businesses through Stripe Capital, among other things.
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