Ford inks five-year payments deal with Stripe

Online payment processor Stripe has signed up a five-year deal with Ford Motor Company as a customer.

The deal is aimed at strengthening the Ford’s e-commerce strategy.

Ford Motor financial services arm will use Stripe’s technology to process digital payments in markets across North America and Europe.

Stripe will handle transactions for consumer vehicle orders and reservations, as well as bundled financing options for Ford’s commercial customers.

Ford will use Stripe to route customers’ payment from its website.

Stripe is Silicon Valley’s most valuable startup with a $95 billion valuation.

Stripe sells software that makes it simple for businesses of all shapes and sizes to accept payments over the internet.

Shopify, Salesforce and Deliveroo are amongst Stripe’s customers.

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