Payments startup Stripe is announcing a new partnership with mobile app development platform Parse. The company is also revealing that its payments platform is being used by Lyft, Exec, SideCar, OrderAhead, Sesame and Postmates to enable payments in their mobile applications.
In 2011, Stripe launched its developer-friendly online payments system that allows developers to avoid setting up merchant accounts and dealings with banks, while still ensuring transaction safety. The service has been a hit with developers because of its simplicity. The company not only competes with PayPal, but also Braintree. It is backed by General Catalyst, Sequoia, Peter Thiel, Max Levchin and Elon Musk (and just made its first acquisition).
With the integration, Stripe can now be added as a payments option with the 60,000 Parse-powered applications. Stripe recently released iOS and Android libraries allowing for a more seamless payments experience on iPhones, iPads and Android devices.
To integrate Stripe with a Parse-powered application, developers create a Stripe token within their mobile app, and then pass the token to a Parse Cloud Code function to create a charge. Parse has also built an open-source iOS app, Parse Store, as a demo of the integration.