Stripe accepting payments in 130 new currencies as international expansion gathers pace

Stripe merchants can now accept online payments in up to 130 new currencies with the enhancement making it easier for firms to sell products to even more customers.

Related: Stripe launches multi currency online payment service for UK businesses

The US-based online payment startup has its eyes on a larger chunk of the international market with the addition of more currencies and it gives users in the US and Europe the chance to sell products in almost any currency.

"Stripe’s mission is to grow Internet commerce by providing everything an online business needs to accept payments," said Patrick Collison, co-founder and CEO of Stripe. "Built-in multicurrency support is another example of how Stripe is helping businesses scale faster and more efficiently."

As part of the new service Stripe promises to handle all of the conversions involved and then deposit the money into the chosen bank account of the user, with Stripe integrating the new currencies as part of its regular service.

Some of the currencies that Stripe now accepts include Euros, Algerian Dinar, and Chinese Renmibi as well as the US Dollar and British Pound.

The Guardian also announced that it is using Stripe to accept payments for various subscription services on its site in the UK and will explore its potential in boosting audience numbers overseas.

"We are pleased to be working with Stripe to offer our readers more responsive and dynamic ways of accessing some of our popular subscription services in the UK,” stated Julia Porter, consumer revenues director, Guardian News & Media.

Stripe first made moves into the European market back in August 2013 when it launched its online payment service in the UK, which allows businesses to accept card payments on websites and through mobile apps.

Pricing for the UK service starts at 2.4 per cent plus 20p per transaction with VAT also added and the firm’s UK office started off with four employees in the middle of last year.

Related: Twitter rumoured deal with Stripe would show social network is “serious” about payments

John Collison and his brother Patrick founded the service in the US in 2010 and over time it has seen funds totalling around $40 million [£24.3 million] roll in from various Silicon Valley investors including PayPal founder Elon Musk.

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