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Stripe Pay Targets Instant B2B Payments

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Stripe Pay Targets Instant B2B Payments

Stripe now enables instant B2B transfers through a “stripe pay” plug-in, the company said in a Tuesday (Oct. 27) post on LinkedIn.

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“Find companies using their Stripe profile handle and send funds for free,” Stripe said in the post. “Available in the Dashboard and CLI.”

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Using the “stripe pay” plug-in requires the sender to have a funded financial account, and the recipient to have a financial account linked to their Stripe profile, according to a Stripe article shared via a link in the company’s post.

Stripe CEO Patrick Collison shared a Stripe post about “stripe pay” in a post on X and added: “A2A payments will be more important than P2P payments.”

The PYMNTS Intelligence report “Accelerating Account-to-Account Transfers via Real-Time Payments“ found in October 2023 that A2A payments had the potential to be a fast, easy transactions method but were falling short of realizing their full potential.

“Implementing real-time rails could make these payments much more convenient for consumers and businesses, especially consumers wanting to pay for goods and services directly from the businesses themselves,” the report said.



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