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For my own online business, I used Stripe Payments and liked how flexible it was for taking payments from people all over the world. It works with many payment methods and currencies, which was helpful for my online store because I sold things to people all over the world.
Even though Stripe lets you accept funds in person with Stripe Terminal, I found that there are better options if most of your sales happen in person. For example, Square, another payment processor, has tools like end-of-day reports and inventory tracking that are designed to help restaurants and stores. I found these to be more useful for in-person sales.
One thing I liked about Stripe is that it has simple, flat-rate pricing, which made it easy for me to understand and plan for payment handling fees. Plus, there were no regular fees, which was great for my small business. Another thing I liked about Stripe is that it’s flexible. You can end your account whenever you want if it doesn’t work for you. This made me feel safe because I wasn’t stuck in a long-term agreement.
Stripe Specifications
Payment processing and merchant services firm Stripe is popular. Better Business Bureau (BBB) accreditation and A+ rating. Stripe accepts over 135 currencies and offers transparent pricing and savings for high-volume businesses. Most merchants can gain swift account approval to start collecting payments, making it a fast and feasible choice for startups.
| Feature | Description |
|---|---|
| Payment processing | Accept payments from over 135 currencies and a variety of payment methods, including credit and debit cards, digital wallets, and bank transfers. |
| Subscriptions | Create and manage recurring billing subscriptions. |
| Invoicing | Send invoices and track payments. |
| Checkout | Create a seamless checkout experience for your customers. |
| Fraud detection | Protect your business from fraudulent transactions. |
| Reporting | Get insights into your payment data. |
| Integrations | Integrate Stripe with your existing systems. |
| Security | Stripe is PCI compliant and uses industry-leading security measures to protect your data. |
| Developer tools | Access a wide range of developer tools to build and customize your payment integrations. |
| Visit Website |
What is Stripe?
Stripe is a provider of payment services that enables merchants to accept payments made by credit cards, debit cards, and other methods. Because the majority of Stripe Payments’ one-of-a-kind features are primarily focused at online sales, the company’s payment processing solution, Stripe Payments, is best suited for businesses who make the majority of their sales online.
Stripe review: Glance
Stripe made our list of Best Credit Card Processing Companies because it’s flexible for online businesses wishing to swiftly add merchant services to a shopping cart. Its strong systems can manage recurring purchases and subscription services, providing them an edge over competitors. Advanced reporting tools let business owners tailor reports. They comprise revenue, refund, fee, and receivables itemized reports. Merchant fees are clear and provided on easy-to-read summaries by Interchange Plus, helping business owners manage revenues.
Stripe’s usual payout is two business days, but qualifying merchants can use Instant Payouts. This allows capital access within 30 minutes of the transaction. Instant payouts include a 1% fee and a 50-cent minimum. Stripe has no monthly fee. All fees are transaction-based and transparent. Expect 2.9% plus 30 cents each internet sale. International and currency conversion fees add 1%. In-person card processing costs 2.7% plus 5 cents per transaction, plus 1% for currency conversion and international card use.
Stripe review: Integrations
If you currently have an online store, using Stripe as a payment processor is a simple and straightforward process. Because it provides a wide variety of plug-and-play connections for all of its third-party platform partners, the process of configuring Stripe as one of your checkout options will simply take a few minutes. In the meantime, Stripe is well-known for the developer connectors it offers.
Comprehensive testing tools, in addition to over 450 platforms and extensions, and a specialized dashboard for developers are all available to coders with experience.
Stripe review: Customer support and experience
On the Stripe Support page, you can get live chat, email, and phone support 24 hours a day, seven days a week. There is also a large library of searchable support articles that are organized by popular themes to help customers find answers to common problems. Support is only for active customers, and you need to be logged in to access it.
Better Business Bureau users have given Stripe a score of 1.04 out of 5 stars. In complaints that were made, some customers said that the credit card processor sent them fake 1099-K forms. Most of the time, Stripe responds to and/or fixes these issues within a week.
Stripe review: Pricing
Stripe’s standard transaction fees are clear and competitive: 2.9% plus 30 cents for online transactions and 2.7% plus 5 cents for in-person transactions. There are also reasonable fees for entering cards by hand, foreign card transactions, and changing currencies. We liked that there were no monthly service fees. Other payment service providers charge monthly membership fees that small businesses and buyers who only do a few sales may not be able to afford.
If you want to use a credit card reader or a point-of-sale system, you will have to pay fees and gear, which starts at $59. If you need free hardware, you might want to look at a rival like Square. Besides the usual prices, there may be extra fees. As an example, Stripe charges 0.4% of each transaction to protect against chargebacks. As a safety measure, Stripe will pay the amount being contested and not charge any chargeback fees. As an extra, advanced scam protection costs five to seven cents more per on-screen transaction.
Final Words
We put each merchant account service provider through our own rigorous testing, drawing on our own experiences to provide in-depth evaluations of the products and services offered by each merchant account service provider. Our process for evaluating companies comprises doing a comprehensive analysis of the pricing structures that they use.
Particular attention is paid to the search for service providers who provide options such as no monthly fees, pay-as-you-go terms, and competitive transaction rates. In addition, we examine the general quality of their payment processing features, as well as the scalability of their services and the degree to which they are user-friendly. As a result of this comprehensive evaluation, we have compiled a list of our top suggestions for merchant services that perform very well across the board.
Stripe review: The Good and Bad
When it comes to accepting payments online, Stripe Payments is hard to beat. More than 135 different currencies and dozens of payment methods are supported. Because of its open API and powerful development tools, you can design a checkout process that feels uniquely yours—if you’re comfortable with tools and coding.
The Good
- Flat-rate, transparent pricing.
- No setup, cancellation or monthly fees.
- Supports a wide variety of payment methods and currencies.
- 24/7 customer support
The Bad
- May be difficult to customize without software development expertise.
Questions and Answers
Stripe is a well-known company that specializes in payment processing and merchant services. It has been given an A+ rating by the Better Business Bureau (BBB), which has accredited the company. Stripe is a global payment platform that can accept more than 135 different currencies. Their pricing is completely open, and they give discounts to high-volume businesses.
Safety and soundness. Both Stripe and PayPal place a high priority on customer safety. At their heart, both of these platforms are exceptionally robust and secure. Let’s talk about the ways in which they differ, as well as the ways in which Stripe inherently fosters excellent security.