Stripe says companies can now find each other by Stripe handle and send money instantly and for free, which could speed up paying suppliers and partners.
Stripe now lets businesses send money to each other instantly through a new add-on called "stripe pay." The company announced it in a LinkedIn post on Tuesday, Oct. 27. Stripe said a sender can find another company by its Stripe profile handle and send funds for free.
The tool is available in the Stripe Dashboard, the website where businesses manage their account. It also works in CLI, a tool developers use to type commands. Both sides need the right setup. The sender must have a funded financial account. The receiver must have a financial account linked to their Stripe profile, according to a Stripe article the company linked in its post.
This is an account-to-account payment, often called A2A. Money moves directly between accounts instead of through a card network. Stripe CEO Patrick Collison wrote on X that "A2A payments will be more important than P2P payments," meaning person-to-person transfers.
The material shared so far does not answer these questions. Businesses already on Stripe may want to check the Stripe article before counting on it.
If your business uses Stripe, look into stripe pay for free instant payments, but confirm the account requirements and limits first.
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