Stripe, a provider of a payment processing Platform, has announced that the company’s Stripe Issuing API will move into general availability. The API is designed to allow for the creation and management of virtual and physical cards. The API, originally launched as invite-only, was first announced in 2018.
When ProgrammableWeb first reported on the launch of the API, we noted that “Stripe has provided detailed Documentation with code examples in CURL, Ruby, Python, PHP, Java, Node, Go, and .NET. Using this documentation, developers are guided through the process of creating a new cardholder, creating a new card, activating the card, and managing cards.” This comes as no surprise, with Stripe winning ProgrammableWeb’s 2020 Editor’s Choice Award for Developer Experience.
The announcement that the API will be more broadly available also comes with information on new pricing standards. Virtual cards are now 10¢ per card, with branded physical cards shipping for $3 per card. Additionally, Stripe is waiving the transaction fee for the first $500,000 in transaction volume, followed by each transaction costing 0.2% + 20¢.