While consumers are much more familiar with a platform like PayPal, Stripe keeps increasing its popularity among users. Stripe is a cloud-based payment processing solution that enables businesses to accept payments and manage transactions online. Also, it has built one of the most powerful and flexible tools for internet commerce. Such companies as Amazon, Spotify, Google, Microsoft, Booking.com, Under Armour, Pinterest, and many others have already started to use Stripe’s services.
Stripe is perfect for:
- Medium-sized businesses
- Enterprises Companies with a strong development team
- Websites that would benefit from a highly customized checkout
- Businesses with a more localized customer base
- E-Commerce companies
- WordPress agencies
If you do not want to have to choose between payment processors, there is always an option to use both. So, let’s see what Stripe gives for its users and how it can be helpful to you. Whether you are creating a subscription service, an on-demand marketplace, or an e-commerce store, Stripe is thoroughly designed APIs (application programming interfaces), and unmatched functionality help create the best possible product for users. Also, if you are looking for a powerful fraud prevention tools and payment processing that will let you accept orders from customers all around the world, Stripe is for you. Here are some of its features:
- Multi-Lingual 24×7 Phone and Chat Support
- Marketplace compatibility
- Stripe Billing
- Stripe Radar 2.0 (Fraud Prevention Tools)
- Mobile App for Android and iOs
- 300+ Integration Partners
Payment methods, fees, and availability.
Stripe accepts a vast array of payment types. At first, all major debit and credit card payments in 130+ currencies (+ an option to enable 3D Secure for any payment). Moreover, it supports more than just cards and provides such global payment methods such as ACH Credit Transfers, ACH Debits, Alipay, Bancontact, Giropay, iDEAL, SEPA Direct Debit, SOFORT, while WeChat Pay, EPS, P24 are already in the beta-testing phase. Fee for Credit and Debit Cards is 2.9% per transaction + $0.30. More pricing options can be found here. Also, at the time of writing, Stripe is available for businesses in 25+ countries while accepting payments from anywhere in the world.
Is Stripe for developers?
Stripe was actually built with the web developer in mind, which is why it has such a robust set of documentation, extensive third-party integrations, and allows greater customization than PayPal. If you’re a business owner, marketer, or someone who would rather stay away from technical configurations, Stripe is not the best choice. However, you can certainly use Stripe to run online payments for a simple E-Commerce site, but that is barely all of the Stripe’s potential. Also, if a user wants to take advantage of Stripe’s payment processing without getting involved with the developer tools, there is a solution to use a Stripe plugin or integration partner.
What also attract users is that Stripe has built its platform around third-party apps. Everyone agrees that while choosing your payment provider, it is essential that the software integrates with other applications your business is currently using. Stripe offers plenty of integrations. Here is a list of some of Stripe’s popular integrations: Shopify, Magento, 3dCart, Redtail, CRM, Wix, Weebly, Salesforce, Amex Express Checkout, Visa Checkout.
Moreover, if you are a QuickBooks user, all your transaction from Stripe can be easily synced into the accounting platform by Business Payment app. You can find more about CloudBisuness solutions for Stripe or other online payment systems here.
If you’re interested in a ready-made all-in-one platform for person payments and ecommerce, Stripe won’t show all it is potential. However, if you want the ability to build a payment processing platform from scratch with top-tier developer tools, Stripe should be at the top of your list, as well as if you want powerful tools for a subscription-based business with many third-party app integrations.