Andre Yoskowitz
20 Jan 2014 7:01
According to sources, Twitter is preparing to let its hundreds of millions of users purchase products directly through the network thanks to an upcoming deal with e-commerce payments startup Stripe.
The deal is said to be in the final stages and will allow the social network to accept credit card payments.
If completed, the deal will make it much easier for brands, retailers and manufacturers to sell their products directly. Twitter tested the concept last year with Starbucks and American Express, both of which required syncing your account to a card or account for the third-party.
Commerce is likely the next revenue strategy for Twitter, which has only recently begun to expand their monetization of the company and its services.
Stripe allows for payments to be accepted through websites and mobile apps within one day of signing up with the company, due to their APIs, and the startup is backed by over $40 million in venture capital.