From Black Friday through Cyber Monday (BFCM), Stripe reportedly processed 465 million transactions with a total payment volume of over $31 billion.
Stripe claims that it was the “largest ever” four-day period on Stripe.
Stripe’s public microsite and custom BFCM machine tracked results in real-time, monitoring everything from “peak transactions per minute to currency volumes.”
This year, businesses on Stripe continued to expand their customer reach, with cross-border payments increasing to a new high of “$3.2 billion across 43 million total cross-border transactions.”
Ecommerce, retail, and transportation saw “boosts in consumer spending over BFCM.”
Stripe processed 428,000 crypto transactions this weekend, with the “top countries for crypto” being the US, Germany, France, Great Britain, and Spain.
Emily Glassberg Sands, Stripe’s head of information said that cross-border payments drove “more than 10% of total volume over the weekend, proof that Black Friday-Cyber Monday is no longer a US-centric in-person shopping day—it’s a global ecommerce event.” They added that as Black Friday-Cyber Monday becomes “increasingly borderless, businesses are expanding the number of payment methods they can accept in order to reach more consumers.”
During this peak shopping period, Stripe processed “137,000 transactions per minute, maintaining an API uptime greater than 99.9999%.”
Retailers like Amazon, Shopify, Best Buy, and Zara reportedly turned to Stripe for its uptime.
PepsiCo partners with Stripe to power direct-to-consumer sales across more than 20 countries for brands “like Gatorade, SodaStream, and Rockstar Energy.”
Stripe powered online payments for global apparel companies like ManoMano, The ICONIC, and Sportsdirect over the weekend, while retailers like Castlery and URBN brands continue to “turn to Stripe for an omnichannel shopping experience.”
URBN brands, which owns Urban Outfitters, Anthropologie Group, Free People, and FP Movement, uses Stripe Terminal as its “primary in-store checkout option in North America.”
Online, URBN helps customers save time with “products like Link, Stripe’s one-click checkout.”
Black Friday-Cyber Monday by the numbers:
- Transaction volume of more than $31 billion
- 465 million transactions
- 209 million unique cards and wallets used
- Top-selling cities were Seattle, New York, Los Angeles, London, and San Francisco
- $3.2 billion cross-border transaction volume
- 43 million cross-border transactions
- $121 average spend per card/wallet
- Average spend per wallet is up 4.3% compared to 2023
- 428,000 total crypto transactions
- Crypto transactions took place in 36 markets
- More than 137,000 transactions per minute at peak volume
- Stripe’s API maintained an uptime of more than 99.9999%
Top currency volumes:
- 1 – US Dollar
- 2 – British Pound
- 3 – Euro
- 4 – Australian Dollar
- 5 – Canadian Dollar
- 6 – Japanese Yen
- 7 – Singapore Dollar
- 8 – Hong Kong Dollar
- 9 – New Zealand Dollar
- 10 – Mexican Peso
Other key figures:
- 20.9 million fraudulent transactions prevented by Stripe Radar totaling $917 million in value
- 914,000 minutes saved with Link, Stripe’s one-click checkout
- 65 million total tax calculations
- More than 35,000 businesses had their best day ever on Stripe