FreedomPay and Stripe team to streamline enterprise payments

By Gloria Mathias

FreedomPay and Stripe, a financial infrastructure platform for businesses, have announced a partnership that allows virtually any enterprise to use Stripe for online and in-person payments alongside its existing commerce tools.

Together, FreedomPay and Stripe will provide enterprises flexibility and modularity, allowing them to add Stripe to an existing set of commerce tools without requiring significant development resources.

FreedomPay aggregates hundreds of different point of sale (POS) systems, payment devices, and commerce integrations onto a single platform. Stripe helps businesses process payments online and in person, offers advanced fraud protection powered by machine learning, optimises authorisation requests for issuers to boost revenue, and maintains reliability. Stripe powers millions of renowned businesses, including Amazon, BMW, H&M, and Unilever.

“For the first time, businesses can use Stripe’s ultra-reliable payment processing alongside hundreds of POS systems and with third-party card readers,” said John Affaki, Business Lead of Payments Acceptance at Stripe. “We’re thrilled to partner with FreedomPay to help enterprises modernise.”

With this partnership, enterprises, including hotels, retailers, and food and beverage providers, will be able to take advantage of Stripe’s platform, including those that already use FreedomPay. In one place, they’ll be able to manage payments, loyalty programs, customer analytics, and more.

“Many of the largest businesses in the world already use FreedomPay, and they’ve been telling us they’d love to see Stripe join our growing ecosystem of connectivity,” said Chris Kronenthal, President of FreedomPay. “We’re excited that our merchants can now modernise their systems and grow their revenue with Stripe.”