Amazon will use Stripe Connect to route payments from shoppers to businesses.
Stripe, a financial infrastructure platform for businesses, announced an expansion of its Amazon partnership by powering payments for retailers using Just Walk Out technology in Australia and Canada.
„Amazon’s Just Walk Out technology is designed to be an effortless shopping experience. The guest enters the store by using their credit card or mobile wallet at the entry gate. The technology detects what shoppers take from or return to shelves and creates a virtual shopping session. When the guest completes the shopping experience, they can simply leave the store without waiting in line. Their chosen payment method gets charged for the items taken.” – the company explained.
Merchants in Australia and Canada use Stripe Terminal’s WisePad3 reader attached to physical entry gates, and Stripe automatically processes the payment after the guest leaves.
Stripe Connect will programmatically route payments from shoppers directly to businesses using Just Walk Out technology. Amazon will continue to benefit from API reliability on Stripe consistently exceeding 99.999% uptime and authorization rates that remain high during peak shopping periods.
“The only thing better than a speedy checkout is no checkout at all. I’m thrilled that Stripe is powering Amazon’s Just Walk Out technology payments,” said Eileen O’Mara – chief revenue officer at Stripe. “With Stripe Terminal and Connect, merchants using Just Walk Out technology will benefit from the same reliability that ensures millions of successful transactions on Amazon.”
In addition to Just Walk Out technology, Stripe serves as a strategic payments partner for multiple lines of Amazon business such as Prime, Audible, Kindle, Amazon Pay, and more.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
