The crowdfunding site Kickstarter has adopted payment service Stripe for all of its transactions, replacing Amazon Payments.
Projects organized through Stripe will take "about two minutes," according to a Jan. 6 blog post by Kickstarter announcing the change. The old method, through Amazon, "could take a few days," Kickstarter said. Using Stripe, project creators will need to only enter bank account details instead of creating an Amazon Payments account.
Kickstarter used Amazon Payments since a year before the crowdfunding platform's launch, and Amazon processed about $1 billion in Kickstarter pledges. Last year, Amazon discontinued the payments product Kickstarter used, according to the blog post.
Kickstarter says its fees will not change: a 5% fee to the platform for successful projects while Stripe will apply credit card processing fees between 3-5%.
Overall, Amazon has reported growth in use of its payment services for online and mobile commerce. Orders processed by businesses using Login and Pay with Amazon grew by more than 200% during the 2014 holiday season compared to a year earlier, Amazon said this week.