Stan chooses Stripe to improve business agility with payments and billing

SYDNEY-Stripe, a financial infrastructure platform for businesses, today announced a partnership to power online payments and subscription billing for Stan, Australia's leading local streaming service. The company, launched in 2015, is known for providing Australians with unlimited access to thousands of hours of entertainment including first-run exclusive shows, original productions, movies, kids programming, and sport, all ad-free. Stan is using Stripe in its work to grow subscriptions, including by increasing authorization rates and reducing involuntary churn.

"We are continuing to build outstanding user experiences our customers value," said John Hogan, chief technology officer at Stan. "Stripe's strong expertise in financial infrastructure development helps by providing easy, intuitive, and secure payment and billing processes for our customers."

Video on demand streaming is a significant business in Australia, where around 90% of consumers have a streaming subscription and the number of subscriptions per person continues to increase.

Adapting to these changing consumer habits, Stan has worked with Stripe to integrate Stripe Billing to accelerate its time to market with customized subscriptions. By combining Stripe Billing with Adaptive Acceptance, Network Tokens, and Card Account Updater, Stan has already increased its payment success rate by 1%. Stan projects it will save hundreds of thousands of dollars annually through Stripe's least cost routing, and has observed improved recovery rates since implementing Smart Retries.

"Anyone who's ever watched a Stan original series knows they provide world-leading entertainment, and Stan brings the same passion to powering its payments experience. We're thrilled to partner with Stan to offer more payment flexibility to its customers and scale its streaming business in a cost-efficient manner," said Karl Durrance, managing director, Australia and New Zealand, at Stripe.

Learn more about Stripe Billing, which was recently named a Leader by Gartner and now powers hundreds of millions of subscriptions for more than 300,000 companies, here.