Stripe is an online payment processing platform that allows businesses to accept payments from customers around the world. It’s fast, secure, and easy to use, making it a popular choice for e-commerce businesses. Using Stripe can save you time and effort while providing a seamless payment experience for your customers.
Customer support
9.2
Value for money
9.5
Ease of use
9.4
Features
9.7
Pros
Easy to setup
Dedicated customer support
No hidden monthly fees
PCI Level 1 certified service provider
Refund any successful payment
App for Android and iOS
Documentation
Cons
Additional fees are required for currency conversion &
Are you looking for an all-in-one payment processing platform that is fast, secure, and easy to use? If so, then Stripe is the perfect solution for you. This platform provides everything that needs for a successful online business, from payment processing to fraud prevention and everything in between. With this, you can accept payments from worldwide, easily manage & track transactions, and quickly scale your operations.
But is this payment processor platform right for you to start accepting payments? In this review article, we will take a deep look at what Stripe is and what are the pros & cons of employing it. We will also show you what assertive features & services it offers that make it better than any other platform. So read on to find & learn everything that you require to know about Stripe.
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Stripe is an ideal suite of APIs powering online payment processing & commerce solutions for internet businesses that provide everything companies need to accept payments, manage their businesses, and send payouts around the world. Stripe was founded in 2010 and is focused on providing an efficient and secure payment processing experience for companies of all sizes.
Stripe provides a comprehensive suite of products, including fraud protection, invoicing, business spend management, virtual and physical cards, and financing to make payments and commerce easier for internet companies. Building your point of sale (POS) and controlling your checkout process is simpler, thanks to Stripe Terminal.
With this, you can accept all major debit & credit card payments from customers in every country, including American Express, MasterCard, UnionPay, Discover, etc., which means Stripe is great for companies with international customers. Stripe also has easy integrations with popular eCommerce platforms like Shopify, WooCommerce, and NetSuite so that you can quickly set up & manage your online store with ease without worrying about payment processing. Plus, Stripe’s sophisticated fraud protection tools help keep your online store secure and reduce the risk of scam transactions. It can also handle subscriptions and recurring payments and handle invoicing and payments.
Stripe also gives you advanced payment features such as 3D Secure two authentication, card updates, automated retries, and more to help you maximize conversions and reduce chargebacks. The best thing about the Stripe payments platform is that it provides 24/7 customer service through phone, email, and chat support. They also offer transparent pricing with no hidden fees and are always making improvements to the platform to make sure it provides a great experience for your customers.
The ease of use and intuitive dashboard of Stripe makes it easy for developers to build custom solutions using the Stripe API. With all these features, Stripe provides a powerful and comprehensive payment solution that has helped countless business owners to grow and succeed.
Stripe specifications
Features
Identity / Radar / Reporting and Insights / Third-Party Integrations & Support
Best suited for
Freelancers, Small businesses, Mid size businesses, Large enterprises
Stripe provides several different pricing options that businesses can pick from depending on their needs & requirements. But the most popular one is the integrated plan which costs 2.9%+30¢ per successful card charge, which is perfect for small businesses. Another is the customized plan which has custom pricing and is best for businesses with extensive payments volume or high-value commerce.
When protecting your business from fraud, it’s important to have a tool you can rely on. That’s where Stripe’s Radar comes in. This advanced fraud detection tool uses machine learning to analyze data from millions of global companies, ensuring that your business is protected from the latest fraud threats. One of the key benefits of using Radar is its ability to distinguish between fraudsters and legitimate customers.
This means you can trust that your business is protected without the fear of accidentally blocking genuine customers and losing revenue. But Radar isn’t just about protection; it’s also about adaptability. Its algorithms are designed to adapt to your unique business and to shift fraud patterns, so you can be sure that your protection is always up-to-date and effective.
And with seamless integration with other Stripe products, you don’t have to worry about any additional setup or configuration. The most compelling aspect of Radar is its sheer power and accuracy. Acquainted with hundreds of billions of data points, it can assign risk scores to every payment and automatically block many high risk payments, providing your business with the highest level of protection. With Stripe’s Radar, you can rest easy knowing that your business is in good hands.
Third-Party Integrations & Support
Stripe’s third-party integrations & support feature is the ultimate solution for businesses looking to streamline their processes and maximize their potential. With hundreds of integrations available, you can easily connect your Stripe account with tools such as Shopify, Freshbooks, or Typeform, allowing you to automate almost every manual process that used to take hours of your time. And the best part? The list of integrations is constantly growing, so you’ll always have access to the latest tools and products that work with Stripe.
This payment platform also offers 24×7 Support, ensuring you’re never alone in your journey. Their support specialists are available via email, phone & chat at any juncture of the day, all for free. No matter if you have concerns related to payment methods, merchant accounts, or terms of service Stripe team is always available for you. For small businesses that are growing quickly or have complex needs, this better business bureau (BBB) also offers a Premium Support option.
Identity
The Stripe Identity feature is one of the safest and easiest ways to verify user identity and reduce the risk of fraudulent activities. It helps you prevent account takeovers, streamline KYC activities, reduce fraud losses, and increase trust & safety for your marketplace or community.
This attribute is built on the identical technology Stripe uses to verify millions of international users and is fully integrated with core business operations. You can also customize verifications on your platform by embedding ID verification using Stripe pre-built libraries and SDKs.
With Stripe Identity, you can safely confirm the legitimacy of ID papers from over 33 countries, use machine learning to detect false IDs and faked images, compare the ID photo to the document holder’s selfies, and authenticate SSNs and addresses against international databases. Whether you use a bank account or apple pay as a payment gateway, Stripe Identity adds an extra layer of security to ensure your customer’s identity is true and accurate.
Reporting and Insights
Stripe also provides reporting and insights that help you understand your business performance. Through the Dashboard, you can visualize your Stripe data in real-time and achieve insights into trends over time. You can also customize reports to get deeper insights into customer behavior, payment volumes, and more so that you can make more informed judgments about your business.
With this Stripe feature, you dont have to worry about integrating a third-party analytics tool – it is all conveniently housed within the Stripe Dashboard. You can use SQL queries to quickly and easily analyze your Stripe data, devise custom reports, and accumulate insights.
You can also track and manage your payments on the go with the Stripe mobile app, which is available for iOS and Android. For those who require a higher level of control, you can also utilize the API to access your data and build custom applications.
If you are searching for an ideal payment processing solution that is secure, reliable, and provides everything that you need to run your business, Stripe is a perfect choice. From acceptance of global payments to fraud prevention, from third-party integrations & support to reporting & insights, Stripe has all the features that you need to operate your business successfully.
It is extremely user-friendly and provides 24/7 support to help you out in case of any queries or problems. It is also highly secure, using the most delinquent technology in order to protect your customers’ data. With Stripe, you can rest assured that you’re taking the right steps to ensure your customers enjoy a safe and seamless payment experience.
Yes, Stripe is safe and legit. This is due to the fact that Stripe has earned PCI Service Provider Level 1, the highest level of certification possible in the payments sector. So when you use Stripe, your payment information is always encrypted and kept secure.
Is PayPal or Stripe better?
The answer to this query depends on your business’s needs. Stripe is a superior choice if your company conducts a lot of sales, whether they be online or in person. If you operate a small business and currently use PayPal to send invoices and collect payments, PayPal could be a better option.
Stripe Review – Payments Infrastructure for the Internet
