As an e-commerce professional , you inevitably need payment solutions for your website. On the NET you have the choice between different solutions such as Skrill, PayPal or payment by credit card via your bank. There is also another very well known payment solution in the field of e-commerce. This is Stripe.

Founded in 2010, Stripe is an American multinational company that offers electronic payment services in more than 40 countries. Through its online payment processor, this company allows many companies specializing in e-commerce to conduct digital transactions securely.

Today, more than 100,000 businesses, startups, and even Fortune 500 companies, use Stripe as an online payment tool and securely conduct transactions multiple times a day.

How does this online payment service work and why has it become one of the most used in the world? In this article we will therefore see this payment processor in more detail.

Stripe: How Does It Work?

Stripe is a payment processing platform that allows you to transfer money from a customer’s bank account to your business account using a credit card transaction. It’s an easy way to accept payments online with no setup fees or monthly fees.

Available for businesses in over 40 countries, Stripe Thailand Email List accepts major debit and credit cards in over 130 currencies, as well as Apple Pay, Google Pay, and other local methods (Alipay, iDeal, or SEPA Direct Debit).

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Stripe has many advantages over its competitors, including the protection of its users against fraud, the proposal of fixed prices or the use of an intuitive programming interface (API). Each company with a VAD (distance selling) contract is thus able to use this online payment processor.

What are the payment solutions with Stripe?
Initially, Stripe just processed payments with US credit cards such as Amex. Subsequently, the company broadened its offer in order to better meet the expectations of e-merchants and develop internationally. Today, Stripe has different options such as:

Payment by Credit Card

As a merchant on the web, you will be able to accept any type of credit card on your site for purchases in your online store. Stripe supports a large number of Visa, Mastercard, American Express, and Discover cards. Some cards like JCB, Union Pay or Diners Club are also accepted.

Unlike traditional processors, Stripe offers a wide range of online payments and features for merchants. You can thus create your own payment form on your site and connect it to all the solutions or web applications you use.

Payment via a Stripe digital wallet
When we talk about payment via a digital wallet, we immediately think of Google Pay and Apple Pay. These two international firms are known to dominate this market, particularly in the United States. If you use Stripe’s digital wallet service, you allow your customers to leverage both of these digital wallets. Your customers can also use other wallets like Visa Checkout, Masterpass, WeChat Pay, Amex Express Checkout and many more.

International Payments

If you are targeting customers across different countries, you can use Stripe for your international transactions in over 135 currencies. Your customers can then pay for their purchases in the currency of their country at no additional cost. Granted, your transaction fees will be quite high, but Stripe gives a discount for large accounts.

Automatic payment
If some of your customers make regular payments on your site, you can use Stripe’s automatic payment option. Thanks to this solution, your customers can automatically send payments of the same amount at regular intervals. Your customers can only appreciate this solution which greatly facilitates their purchases.

What Is the Benefit of Using Stripe?

Stripe has its peculiarities compared to other payment processors, particularly in terms of its mode of operation. Once you have an account, you can start collecting payments right away. By registering for the use of this online payment tool, you will be presenting yourself as a sub-merchant and acting for the Stripe merchant account. This way, you won’t have to create a merchant account, which is a long, time-consuming process with an incredible amount of paperwork.

In addition, thanks to the way Stripe works, your users benefit from a great ease of use, which is a good asset for your conversions. A simplified payment system always pushes more to purchase than a complex and poorly formatted payment page.

While the payment solutions offered are beneficial for both you and your customers, on the Stripe side, things are a bit more complicated. All charges go through Stripe’s merchant account. It is managed by the company and it is also responsible for detecting fraudulent transactions.

Due to its reliability and high level of security, Stripe presents itself as the ideal payment solution for e-commerce pros. It is not for nothing that giants like PrestaShop , Shopify , Amazon and DocuSign are using this solution.

Stripe is associated with a VAD contract, so this protects you in the event of a dispute with a customer. This is not an option, but the contract that is offered to you when you purchase a subscription on Stripe.


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