Stripe has started powering payment transactions for retailers using Amazon’s Just Walk Out technology in Australia and Canada.
Stripe Terminal and Stripe Connect allow retailers to make personal payments using the mentioned technology of the e-commerce giant. Consumers can make purchases and then leave the store without having to wait in line to pay. The relevant information is contained in the Stripe press release, which was published last Thursday, March 21. Eileen O’Mara, chief revenue officer at the mentioned company, stated that the only thing better than a speedy checkout is no checkout at all,
Amazon’s Just Walk Out offers an option that allows shoppers to use their credit card or mobile wallet at the entry gate to the store. In this case, consumers select the items they want and leave without waiting in line to pay. The technology of the e-commerce giant, whose ownership structure includes the best American delivery service, deteсts what exactly the buyer takes from the shelves or returns. Then, a virtual shopping session is automatically created and payments are charged within the framework of the method chosen by the consumer.
Stripe’s press release notes that with the introduction of the specified technology in retail chains in Australia and Canada, the WisePad3 reader collects customer credit card or mobile wallet details at the entry gate. Stripe Connect routes payment transactions from the shopper to the business.
Eileen O’Mara says that merchants using Just Walk Out technology will benefit from the reliability that ensures millions of successful financial operations on Amazon.
Stripe’s press release notes that the deployment in Canada and Australia means an expansion of the partnership between this company and Amazon.
A significant part of shoppers are ready to use payment methods in formats such as Just Walk Out. According to surveys conducted by specialized media, it was found that in the United States, among consumers who use Internet-connected devices daily, 35% are interested in accessing a shopping experience that provides the opportunity to purchase goods without having to stand in line to pay.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
