Payment for Stripe

How We Recovered Our Revenue By 90% From Losses During The Pandemic

Ryan Scherf
$125K
revenue/mo
1
Founders
1
Employees
Payment for Stripe
from Minneapolis, Minnesota, USA
started January 2015
$125,000
revenue/mo
1
Founders
1
Employees
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Hello again! Remind us who you are and what business you started.

I’m Ryan Scherf, the founder of Payment (for Stripe) -- a mobile point-of-sale similar to Square. At peak pre-COVID, we were operating at over $6M in volume processed per month.

The main product is an iOS app for collecting credit card payments. It’s built on top of the ever-popular Stripe payment platform, utilizing their Terminal devices and Connect accounts to unlock in-person payments for over 70,000 businesses worldwide.

A year ago, I wrote an interview for Starter Story detailing how I was making $60K per month on payments as a self-employed, sole owner. In that interview, I publicly set a goal to be making $100K per month by the end of 2020. Unfortunately, the global pandemic played a huge part in missing that goal entirely and I’ve been playing catch up since April 2020.

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