Financial infrastructure platform, Stripe is expanding its partnership with Amazon by powering payments for retailers using Just Walk Out technology in Australia.
With Amazon’s Just Walk Out technology, the guest enters the store by using their credit card or mobile wallet at the entry gate. The technology detects what shoppers take from or return to shelves and creates a virtual shopping session. When the guest completes the shopping experience, they simply leave the store without waiting in line. Their chosen payment method gets charged for the items taken.
Merchants in Australia use Stripe Terminal’s WisePad3S reader attached to physical entry gates, and Stripe automatically processes the payment after the guest leaves.
Stripe Connect will programmatically route payments from shoppers directly to businesses using Just Walk Out technology. Amazon will continue to benefit from API reliability on Stripe consistently exceeding 99.999% uptime and high authorisation rates.
Stripe chief revenue officer, Eileen O’Mara said, “The only thing better than a speedy checkout is no checkout at all. I’m thrilled that Stripe is powering Amazon’s Just Walk Out technology payments. With Stripe Terminal and Connect, merchants using Just Walk Out technology will benefit from the same reliability that ensures millions of successful transactions on Amazon.”
In addition to Just Walk Out technology, Stripe serves as a strategic payments partner for multiple lines of Amazon business such as Prime, Audible, Kindle, Amazon Pay, and more.