Stripe launches Stripe Pay for free instant transfers between businesses using Stripe profile handles

Stripe announced Stripe Pay on 27 October 2026, a tool for instant transfers between businesses. A sender finds the recipient by its Stripe profile handle, such as @recipient, or by a profile network ID, and sends funds without collecting bank details. Stripe says the transfers are free. The tool is available in the Stripe Dashboard and as a plug-in for the Stripe command-line interface. Both sides need a Stripe financial account: the sender's must be funded, and the recipient's must be linked to its Stripe profile. A business without a profile can create one while setting up. If the sender does not know the exact handle, Stripe Directory can suggest matching businesses, but Stripe's documentation says the sender must confirm the intended recipient before paying. A dry-run mode checks a transfer without moving money. The tool is built to be used by software agents as well as people. Automated workflows must confirm the recipient, amount, currency and source account before a transfer goes through. Stripe has not said which countries or currencies are supported or which rails settle the transfers, and the coverage so far does not link the tool to Stripe's separate stablecoin products. For online merchants that already hold balances with Stripe, the tool offers a way to pay suppliers, partners or contractors who are also on Stripe without bank wire fees or delays, and with less risk of paying into a wrong account. Its usefulness will depend on how many counterparties set up profiles and financial accounts.