FACEBOOK’S BUY BUTTON, which it’s been testing since early July, has received a boost as payments company Stripe is now powering the technology behind it.
The company, which was founded by Limerick brothers John and Patrick Collison, is supporting the button and is the sole provider for the service, according to Re/Code.
The ‘Buy’ button is still very much in beta, but it isn’t the first time that Stripe has partnered with Facebook before.
Last year, the two joined forces on a separate project that allowed Facebook users to autofill their payment information from Facebook when using third-party apps. The site also had Braintree, PayPal’s own mobile payments service, as a partner for this project.
The new partnership means that Stripe has a number of deals with the biggest names in technology. On top of the Facebook partnership, it also struck a deal with Twitter to power its own buy button and was one of the first services to be used for Apple Pay, the company’s new mobile payments system that was unveiled earlier this month.
At the beginning of the year, the company raised €59 million giving it a value of €1.3 billion.
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