What happened
Stripe analyzed more than 100 of the fastest-growing enterprises on its platform. Compared with similar enterprises, they sell to customers in far more countries and offer about twice as many local payment methods.
Who it affects
Stores that sell across borders or plan to enter new markets, especially emerging ones such as Brazil, India and Argentina.
What to do
- Check which local payment methods your checkout offers in your main export markets.
- Review your fraud rules before you open sales in a new region.
Details
- The median fastest-growing enterprise reached customers in 25 countries during its first year on Stripe.
- Stripe says a checkout with only one payment method can reduce conversion by up to 15%.
- More than half of these enterprises have implemented at least one custom fraud rule within Stripe Radar. The analysis suggests they rely on Radar's default fraud models and add targeted custom rules only where needed.
Market Manager
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Written with AI from the source above. If something looks off, the source is what counts.
