Breaking Stories

Payments Platform Spreedly Teams with Stripe Connect to Improve Onboarding

Spreedly, which is a payment orchestration platform, has said it will offer seamless onboarding to Stripe as part of its partnership with that company.

The Stripe Connect platform will allow adoption of better fraud fighting features, along with other value-added services.

Joint customers will be able to access access the opportunity as part of the Partnership Program for Payment Service Providers.

Stripe Connect has given marketplaces and platforms the ability to facilitate payments between businesses, customers and various recipients in need of getting paid, offering a specific Spreedly-owned Stripe Connect account to streamline sign-ups.

This will allow mutual customers to more easily onboard, bolster reporting, and will eventually allow access to things like Stripe Radar and new alternative payment methods.

“Spreedly customers work with multiple payment providers and many have Stripe as a foundational component of their payment stack strategy,” explained Justin Benson, CEO of Spreedly. “By offering our mutual customers Stripe through Stripe Connect, we are enabling them to build better, more holistic payments solutions and accelerate the onboarding of new merchants.”

Stripe COO Claire Hughes Johnson said “more than half” of users have used one or more Stripe extensions. She said that as Stripe has been getting pulled up-market, users have looked for ways to discover new partners and apps.

“That’s why we’re excited Spreedly is joining forces with us today to provide a better overall experience for the millions of businesses scaling in partnership with Stripe,” she said, per the release.

Spreedly has also recently decided to support MODO, a digital wallet firm, PYMNTS writes. This will go along with MODO’s offerings of money transfers, money requests and QR code payments, as well as streamlining access to cards and accounts in one place.

Read more: MODO, Spreedly Join Forces to Bolster Digital Banking in Argentina

Spreedly also reportedly recently saw an increase in fraud prevention resources, with the company in August reporting a 300 percent year-over-year increase.

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