How to receive payments through Stripe?; Anyone who wants to start an online business needs to find digital solutions that facilitate operations. In the case of services, you need to consider how they will be made available.

When selling products, you need to offer a good delivery experience. In both of these cases, a good payment system is essential, Stripe is one option that can help.

Stripe is a payment platform that can be connected to your website. Through it, it is possible to receive payments, transfers, donations and other types of financial transactions that are more common in digital services. Keep reading this article and understand everything about Stripe.

What is Stripe payment?

Have you heard about paying through Stripe? Perhaps a customer has asked if it’s possible to get paid through the platform, or you may have heard another business owner talk about this type of payment solution.

Stripe is a financial transaction platform that facilitates the buying, selling and contracting of services between customers and entrepreneurs. Payment through Stripe is done through a system integrated with the website.

Your customer does not need to access another solution, on your website they can choose what they want and complete the payment.

For this facility, Stripe is currently one of the biggest competitors to PayPal. On Stripe, you can receive payments by credit card, debit card and other payment methods.

What is Stripe for?

Stripe is used to receive financial transactions on e-commerce and other websites involving payments. The platform acts as a payment gateway, which mediates between the customer and the billing service. It is an invisible solution that does not interfere with the customer experience at all.

How does Stripe work?

Stripe acts as a payment gateway. The payment gateway is a system that connects and transfers payment data between the user and the financial institution. It is like an intermediary that ensures that the amount of the purchase will be charged to the payment method used and sent to the financial institution used by the shop.

It is up to the payment gateway to ensure that the seller receives the amounts according to the terms and conditions agreed with the institution of his choice.

Stripe therefore receives the payment and transmits it to the institution. Because it acts as a gateway, Stripe is not noticed by the customer. Thus, it performs the payment in the environment of the website itself, but all the structure that facilitates this process comes from the system that Stripe manages and automates.

What are the main features of Stripe?

Stripe has three types of features: Payment, Billing and Connect. In addition, it allows integration with various solutions. Learn more about each of its products:

– Payment: is the platform developed to generate payments. It allows customers to be billed on a recurring basis, accepting one-off payments both online and in person.

– Billing: is the intelligent billing and subscription management solution. This system has a set of tools to help create and scale the recurring business model. The solution can be integrated with API for websites, mobile apps and CRM of other companies.

– Connect: is a paid software for marketplaces. With it, it is possible to manage a large number of payments and centralise all the workflows involved. This solution has a set of elements that allow it to be used for virtually any business model, such as on-demand, e-commerce, crowdfunding, fintech, travel and events.

Stripe’s solutions also allow you to track balances, batch earnings into payments, decide when transfers should be made, reprocess failed transfers, incorporate advanced flows such as account debits, one-to-many payments and more.

What are the benefits of using Stripe?

Stripe offers several features that facilitate the payment process, build customer trust and provide a better relationship between the customer and the merchant. Take a look at the main ones!

Easy-to-integrate technology

Stripe has a technology that can be customised for any interface. To configure the solution, you only need to copy the lines of code that are already available. At the time of configuration, simply select the structure and the system will present all the guidelines.

One of the most frustrating factors in completing a purchase is when the customer is redirected to another website to pay. This type of process undermines customer confidence and can lead to abandonment when it is necessary to create an account with the payment service.

With Stripe it is different, the whole process is invisible, the customer makes the payment in the same environment, without changing the interface and without having to register with other services. This is possible because Stripe operates unobtrusively and offers a customisable payment infrastructure. In other words, you can leave the environment with your brand identity.

Security solutions

Security is essential for any online service. To minimise this feeling and provide all the security that the customer and your website needs, Stripe has its own tool, Radar.

Radar is a payment transaction analysis solution that can detect fraud attempts in your system. It studies behaviour and analyses customer data from the ground up to understand how transactions are made. In this way, it is able to identify patterns of irregularities and suspects to prevent their actions.

Supporting business development and entrepreneurship

Stripe Atlas is a platform to support the development of businesses and entrepreneurs around the world, which is offered by Stripe. The purpose of this solution is to help entrepreneurs create their websites, manage their processes remotely and have all the support they need to start a new business.

With Stripe Atlas, entrepreneurs have the support of several specialists and have a business that is a reference in payment solutions and good business.

In addition, Stripe offers payment solutions that can be used by people anywhere in the world, revenue management tools, banking integration functions and much more.

What is Stripe’s fee?

Stripe also stands out for its commissions. This is because the fees are often very high, especially when they are from foreign companies.

Stripe does not charge setup fees, monthly fees, chargeback fees or any other fees. Transparency is one of the company’s core values. The idea is that the entrepreneur only pays for what he or she uses. In this way, you will not be charged until the tool is used by your customers at the time of payment.

You can also contract Stripe’s additional services, in which case there are costs. Some of these solutions are: access to billing reports, with description of rates, real-time sales management panel made with Stripe.

By Jim

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