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ISSUE – Oct. 26 | Payments startup Stripe says it’s still too hard to sell stuff online​

It’s still too hard to sell stuff online. That’s according to someone who would know: John Collison, co-founder of the $5 billion payments startup Stripe. “The online retailer has a 15 percent conversion rate on mobile,” he said at the Code Commerce event in Las Vegas Tuesday night, adding, “It’s totally standard and totally abysmal.” Collison cited a key statistic in e-commerce, but by “abysmal,” he also meant there’s a lot more room to grow in e-commerce. “In many cases, the [e-commerce] market isn’t there yet,” he said, referring to international growth. “We’re now launching Stripe in all these places.” Brazil and Mexico are on the list. [ Recode ]

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