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Stripe nears deal to bring online payments to Twitter

The online payments company, founded by Limerick brothers John and Patrick Collison, is reportedly close to a deal with Twitter that will allow users to purchase goods on the site.

Patrick Collison at the Dublin Web Summit 2013.
Patrick Collison at the Dublin Web Summit 2013.
Image: Mark Stedman/Photocall Ireland

TWITTER IS REPORTEDLY close to completing a major deal with a online payments company founded by two Limerick brothers.

Stripe, an online payments company founded by John and Patrick Collison in 2010, is nearing a deal to help Twitter accept credit card payments from its users, according to Recode.

The deal is said to be in the final stages and if completed, will allow companies to sell goods directly on the site.

Stripe allows sites to accept credit card payments on websites and mobile apps within a day and can be used by companies of different sizes.

The company supports businesses in the US, Canada, UK, and Ireland and is currently in beta in another eight countries.

It has raised $40 million in investment since it was created from investors like PayPal co-founders Elon Musk and Peter Thiel and venture capitalists firm Sequoia Capital.

One of its founders Patrick Collison is a former winner of the BT Young Scientists competition, having created a new dialect of the LISP family of programming languages. He went on to take the top prize at the European competition.

Read: Meet Ireland’s bright sparks at the BT Young Scientist & Technology exhibition >

Read: Engineers say EirGrid project will be ‘key to economic prosperity’ >

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About the author:

Quinton O'Reilly

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