diff --git a/Gemfile b/Gemfile
index d46a8d0d66b82..6402ec235976f 100644
--- a/Gemfile
+++ b/Gemfile
@@ -105,7 +105,7 @@ gem "sprockets", "~> 4.0" # Sprockets is a Rack-based asset packaging system
 gem "staccato", "~> 0.5" # Ruby Google Analytics Measurement
 gem "store_attribute", "~> 0.8.1" # ActiveRecord extension which adds typecasting to store accessors.
 gem "storext", "~> 3.3" # Add type-casting and other features on top of ActiveRecord::Store.store_accessor
-gem "stripe", "~> 5.30" # Ruby library for the Stripe API
+gem "stripe", "~> 5.55" # Ruby library for the Stripe API
 gem "strong_migrations", "~> 0.7" # Catch unsafe migrations
 gem "twitter", "~> 7.0" # A Ruby interface to the Twitter API
 gem "uglifier", "~> 4.2" # Uglifier minifies JavaScript files
diff --git a/Gemfile.lock b/Gemfile.lock
index 40848d16f4b35..2702600e42354 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -774,7 +774,7 @@ GEM
     storext (3.3.0)
       activerecord (>= 4.0, < 6.2)
       virtus
-    stripe (5.30.0)
+    stripe (5.55.0)
     stripe-ruby-mock (3.0.1)
       dante (>= 0.2.0)
       multi_json (~> 1.0)
@@ -993,7 +993,7 @@ DEPENDENCIES
   stackprof (~> 0.2)
   store_attribute (~> 0.8.1)
   storext (~> 3.3)
-  stripe (~> 5.30)
+  stripe (~> 5.55)
   stripe-ruby-mock (~> 3.0)
   strong_migrations (~> 0.7)
   test-prof (~> 1.0)
diff --git a/vendor/cache/stripe-5.30.0.gem b/vendor/cache/stripe-5.30.0.gem
deleted file mode 100644
index bd79c36c7f3ed..0000000000000
Binary files a/vendor/cache/stripe-5.30.0.gem and /dev/null differ
diff --git a/vendor/cache/stripe-5.55.0.gem b/vendor/cache/stripe-5.55.0.gem
new file mode 100644
index 0000000000000..b312a2e71205e
Binary files /dev/null and b/vendor/cache/stripe-5.55.0.gem differ