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Verifone and Stripe Partner on Unified Commerce

Verifone and Stripe Partner on Unified Commerce

Posted: May 20, 2025 | Updated:

In a significant move with the potential to reshape the space of in-person payments, Verifone and Stripe have announced a partnership to run Stripe services natively on Verifone payment devices – from handheld readers to multilane systems. Verifone-Stripe Partnership will provide Stripe customers with greater flexibility and choice for in-person payments.

Through this partnership, merchants will be able to support various customer interaction points, including self-service checkouts, tableside ordering, and traditional point-of-sale interactions. Features such as digital wallets, QR code payments, tipping, loyalty programs, and digital receipts are now more accessible, enhancing the overall customer experience.

Initially launching in the United States, the partnership plans to expand globally, providing Stripe customers access to Verifone’s enterprise-grade hardware and global payment capabilities. This broadens Verifone’s reach to modern, fast-growing, and adaptable businesses and offers Stripe users more flexibility and choice in deploying durable and high-performing in-person payment solutions.

Key Takeaways
  • Verifone and Stripe have partnered to offer Stripe services directly on Verifone’s hardware, giving merchants a ready-to-use solution that supports various in-person payment scenarios—from self-checkouts to tableside ordering.
  • The integration combines Verifone’s durable, EMV-certified devices with Stripe’s flexible APIs and SDKs, enabling businesses to create custom, branded POS experiences that are easier to deploy and scale.
  • Merchants can manage digital wallets, tipping, QR payments, receipts, and more—all from one platform. Centralized tools like the Stripe Dashboard simplify device management and help reduce downtime.
  • With Verifone in over 165 countries and Stripe in more than 40, the partnership enables businesses to standardize on a secure, unified commerce system across markets, offering localized support and global scalability.

Verifone-Stripe Partnership to Deliver Enterprise-Grade In-Person Payments

Consumers today no longer tolerate disjointed checkout processes – whether on a website, at a kiosk, or at a traditional register, they expect consistent branding, real-time data, and instant payment confirmation. Achieving that level of cohesion demands both enterprise-grade hardware and flexible, developer-friendly payment infrastructure.

To that end, on May 7, 2025, Verifone announced a strategic partnership with Stripe that brings Stripe services natively onto Verifone payment devices. The collaboration delivers a turnkey in-person payments solution for Stripe customers, combining Verifone’s proven hardware with Stripe’s modular Terminal APIs and Dashboard tools. Initially launching in the United States, the partnership is set to expand into additional markets in the months ahead.

Himanshu Patel, CEO of Verifone, highlighted that both Stripe and Verifone are frontrunners in the payments industry. He noted that their collaboration unites two innovation-centric brands that recognize significant opportunities to serve clients across a range of sectors, including retail, quick service restaurants, and hospitality.

Merchants integrating Stripe Terminal with Verifone devices can support advanced commerce use cases on a single platform, like self-service checkout kiosks, tableside ordering in restaurants, and durable countertop systems for high-volume lanes. Both companies support major digital wallets, on-reader QR code acceptance, printed or digital receipts, and interactive screens for tipping, loyalty enrollment, or customer signatures—all managed centrally through the Stripe Dashboard.

Stripe customers can choose from a broad portfolio of Verifone hardware, ranging from handheld readers with integrated printers to multilane countertop systems. Every device is EMV-certified, PCI-compliant, and built on Qualcomm chips for top-tier connectivity and performance. Cloud-based fulfillment and device management tools in the Stripe Dashboard enable remote configuration, software updates, and fleet monitoring, giving enterprises the scalability and reliability they demand.

Terminal’s API-first design means you can build a custom POS app or integrate one of hundreds of supported third-party platforms in weeks, not months. SDKs for iOS, Android, JavaScript, and React Native let developers craft branded checkout experiences directly on the Verifone reader itself, complete with customizable splash screens and prompts for loyalty or feedback. This flexibility accelerates time-to-market and reduces reliance on legacy POS software.

Verifone devices come with end-to-end or point-to-point encryption, ensuring card data is secure from swipe or tap through to tokenization. Qualcomm’s embedded security features help detect and mitigate fraud threats in real time, while cloud-managed device policies enforce compliance across geographies. Together, Verifone’s hardware engineering and Stripe’s tokenization offer a best-in-class security posture.

John Affaki, Business Lead for Payment Acceptance at Stripe, expressed enthusiasm about the partnership with Verifone, which will make Verifone’s devices available to Stripe Terminal users. He noted that this collaboration broadens the range of in-person payment scenarios Stripe can support by providing access to reliable, enterprise-grade devices in more locations.

Rajeev Yerukalapudi, EVP and Global Head of Strategy and Partnerships at Verifone, stated that this collaboration gives their customers greater flexibility in how they handle in-person payments. He added that, together, Stripe and Verifone are empowering merchants to create smarter, more personalized experiences at the point of sale. Verifone is proud to play a key role in this unified commerce solution.

Understanding Unified Commerce

By definition, unified commerce is the strategy that seamlessly connects back-end systems with customer-facing channels, centralizing payments, inventory, loyalty, and analytics on a single platform. It transcends traditional omnichannel approaches by sharing real-time data across all touchpoints to deliver consistent, personalized experiences.

That centralized architecture lets businesses track a customer’s journey from online browsing to in-store pickup, upsell complementary items at the register, or alert staff on the floor when a VIP walks in, all while maintaining a unified ledger of every interaction and payment.

How Does the Partnership Support Global Growth and Operational Efficiency?

According to the 2025 Unified Commerce Benchmark, the top tier of retailers—Apple, Best Buy, Nike, and others—achieved 31% lower fulfillment costs and 24% higher customer satisfaction by mastering unified experiences across channels. For fast-growing businesses, combining Verifone’s secure hardware with Stripe’s flexible API suite creates a powerful toolkit to drive those same efficiency gains and customer loyalty.

While the partnership kicks off in the U.S., both companies have made it clear that a global roll-out is next. Verifone’s presence in 165+ countries and Stripe’s operations in over 40 markets mean enterprises can standardize on a single payments solution worldwide. As new markets come online, merchants will benefit from enterprise-grade scalability, localized compliance, and multilingual support—all managed through a unified console.

When evaluating a unified commerce deployment, merchants should audit existing POS and inventory systems, plan for integration with Stripe Terminal SDKs, and leverage the combined support teams at Verifone and Stripe to streamline onboarding. Real-time reporting and remote device management help minimize downtime and accelerate ROI, making it easier to scale from one pilot site to hundreds of locations.

About Stripe

Stripe, Inc. is a multinational fintech and software-as-a-service (SaaS) company with dual headquarters in South San Francisco, California, and Dublin, Ireland. Launched in 2010 by Irish siblings Patrick and John Collison, Stripe began with a mission to simplify online payments through developer-centric APIs tailored for e-commerce platforms and mobile apps. Since then, it has evolved into one of the world’s most valuable privately held financial technology companies, handling over $1.4 trillion in payment volume in 2024 and reaching an estimated valuation of $91 billion.

Today, Stripe’s early mission to expand internet commerce globally has evolved into providing a robust financial infrastructure platform that underpins businesses of all sizes, from emerging startups to global enterprises. At the core of Stripe’s platform is a suite of products—including Billing, Payments, Sigma, Connect, Radar, Atlas, Issuing, and Terminal—that enable developers to integrate payment processing, fraud detection, subscription management, and even banking services into their applications with minimal code.

The platform supports transactions in over 135 currencies and payment methods, handles more than 500 million API requests per day (peaking at around 13,000 requests per second), and maintains a historical uptime of 99.999%. With such scalability, Stripe processes hundreds of billions of dollars each year for businesses around the world and estimates that approximately 90% of U.S. adults have purchased from merchants using its services. Plus, products such as Atlas facilitate global company incorporation, Radar offers machine-learning-powered fraud prevention, and Stripe Treasury enables embedded banking services, underscoring Stripe’s evolution into a comprehensive financial toolkit.

About Verifone

Verifone, Inc. is a global technology company based in New York City that specializes in electronic payment solutions and point-of-sale services. Established in 1981 by William “Bill” Melton in Hawaii, Verifone designs and distributes self-service, merchant-operated payment systems used across diverse sectors such as retail, banking, fuel, hospitality, healthcare, and government.

At the core of Verifone’s offering is a broad suite of hardware and software solutions, including mobile and countertop payment terminals, cloud-based commerce platforms and self-service kiosks; these devices run on the proprietary Verifone OS and support multiple payment methods—such as contactless/NFC, chip-and-PIN, electronic benefit transfer, and mobile wallets—while leveraging built-in security and encryption to process billions of transactions annually. In April 2018, private equity firm Francisco Partners acquired Verifone for $3.4 billion, taking it private and fueling further investment into research, development, and global expansion.

Today, Verifone employs around 5,000 people worldwide and maintains an office presence in over 45 countries, serving merchants across more than 150 countries.

Conclusion

The partnership between Verifone and Stripe represents a practical step toward streamlining in-person payment experiences through unified commerce. By combining Verifone’s proven payment hardware with Stripe’s developer-friendly APIs and global infrastructure, merchants gain access to a versatile solution that supports a wide range of customer interactions—whether at the counter, table, or kiosk.

This collaboration not only simplifies how businesses manage payments across geographies but also positions them to meet rising expectations for speed, convenience, and consistency at checkout. With initial deployment in the U.S. and plans for international expansion, the Verifone–Stripe integration offers a scalable foundation for modern retail and hospitality environments, enabling merchants to build reliable and flexible point-of-sale systems backed by centralized management, robust security, and real-time analytics.