Stripe is an online payment processing company has been gaining the attention of businesses that need more control of their online payment structure. The program allows them to personalize their payment experience.
How Does it Work?
The complexity of Coding and API’s (Application Programming Interface) presents a roadblock for web developers.
Using the Stripe.com library database full of API code options, developers will easily find that creating online shopping carts and an online payment systems isn’t so hard. These libraries are full of pre-built API coding options as well as resources to modify codes.
This makes it easier for web developers to to customize and integrate Stripe's user friendly platform into an existing website.
Stripe.com conducts daily transfers and bank account deposits for businesses without any additional actions on behalf of the client.
Bank account deposits occur seven days after each transaction was made. They uphold their integrity with a security system that protects the sensitive data passing through their system.
Stripe.com also has an online dashboard for you to review and create downloadable reports. Through this online dashboard, you have access to detailed information pertaining to your sales. You may use this dashboard to review payments, customers, transfers and much more.
It is free to sign up and become an active user of Stripe.com in just a few simple steps. Fees are based on transactions processed through their platform.
Each individual transaction fee rate is 2.9% + $.30. One other fee, often a rare occurrence, is a $15.00 chargeback fee. Stripe.com does not have a point of sale device; however, credit card information can be manually entered for in-person transactions.
Online customer reviews are positive; the only qualm is that Stripe.com does not have, nor provide, a customer support phone number. They even go so far as to note that within their website FAQ section. Agents can be reached by email or through the real time community chat platform, Monday thru Friday, until 6pm.
In comparison to the similar online payment service, PayPal, there are some differences worth noting. Stripe.com can only process payment transactions for the U.S and Canada; PayPal’s services are offered worldwide and they have the capability of processing international transactions.
The key difference, between Stripe.com and PayPal, is the setup and handling of payments. PayPal is an outside payment processing service and their clients do not have any control in the manner of how payments are accepted.
Stripe.com is geared toward web developers and companies who want more control over their customers’ payments to meet their own needs.
The two services have a similar pricing platform and a bulk of their processing services are the same. It's also worth mentioning that the founders of PayPal provided capital backing for the development of Stripe.com.
If you have any experience with Stripe.com or their services, please leave your reviews below.
Stripe.com Customer Reviews
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