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by julianlam 1240 days ago
They do, but Stripe may have other advantages that Amazon's home-grown billing does not... fraud detection comes to mind.
2 comments

Stripe's superior fraud detection is an open secret in FinTech. There are apparently a lot of large companies with their own payment rails that route riskier looking payments (e.g. a new account who you haven't yet settled a transaction with) through Stripe for this reason.
which probably makes stripe's job even harder, because now there's adverse selection
You can charge extra per detected fraud.
If there is one company besides Stripe that I'd expect to have high quality fraud detection, I'd name Amazon actually, maybe add PayPal. The largest online retailer in all major markets sans China and Russia by far, you don't get to that position if you're lacking in the anti-fraud department.

(Alternatively, one might say Amazon simply is large enough to eat up the cost of fraud...)

If Amazon has good fraud detection, they should consider using it on sellers.
Spot on
zing!