Stripe Payments Review

7.9/10
Fair

1629 reviews
on 3 websites
  • eCommerce
  • Mobile Friendly
  • Mobile Payments

Key Features

  • No upfront fees or long-term contracts
  • Flexible API
  • Customized support plan
  • Dedicated support manager
  • Accept all major debit and credit cards
  • Screen size adaptation
  • Built-in reporting
  • Custom reporting via the API
  • Accounting support and integration
  • Customizable charts and analytics
  • Real-time reporting and data

Pricing

With stripe you pay as you go with a set rate of 2.9% + 30 cents per successful card transaction. There are no setup or monthly fees and you can get started in minutes. Custom pricing is also available for large enterprises. For in person payments you will get charged 2.7% + 5 cents per transaction. For an additional 1% on the set rate you can accept international cards and you will also have to pay an additional 1% if there is a currency conversion involved.

For larger transactions paid with ACH direct debit/credits or wire transfers the charge will drop to 0.8% + $5 depending on the amount. Included in the set rate is everything you need to manage payments with hundreds of feature updates every year. Chargebacks will incur a $15.00 fee which is fully refunded if the customer’s bank resolves the dispute in your favor. Tools to build embeddable checkout with custom UI toolkit and PCI security compliance is also included in the price. Stripe also offers 24/7 technical support. Cloud-based hardware management starts at $59 and you can also purchase the latest card readers and terminals.

Things To Note

Stripe has a highly scalable infrastructure which offers security and reliability. You can set up an account worldwide with a unified API which is consistent in all countries, with one integration. Stripe partners with local banks, major card networks, W3C, internet browsers and industry associations to bring you a complete payment processing platform.

Stripe is available in more than 135 currencies and you can receive global payments with a single integration. They offer global support in over 25 countries which allows you to accept payment from anywhere in the world. Their embeddable checkout and custom UI toolkit is available to design your own checkout which flows easily across desktops or mobiles. Stripe offers stringent security with their PCI validation, and data security is ensured through encryption Siloed infrastructure. Regulatory licenses worldwide make Stripe one of the most secure payment processors worldwide.

In A Nutshell

Stripe is one of the best software platforms for running an internet business. They handle billions of dollars every year for all types and sizes of businesses around the world. With Stripe you can create and send invoices and accept unified payments in the currency of your choice.

Keeping track of your payouts is possible through the dashboard which also allows for easy financial reconciliation and reporting. Automatic syncing with QuickBooks and NetSuite offer you an integrated accounting solution. Stripe has a global team that can assist via email, phone or online chat in six languages. They also offer support through their comprehensive knowledge base which is available in eight languages.

Let’s Dive Deeper Into Stripe Payments:

Stripe offers over 450 platforms and extensions that are used to automate every manual process. Their platform is engineered for growth and offers everything you would need to set up an online presence. Their fully integrated global platform can support both online and in person payments using the latest technology. Their software is scalable and will grow with you as your revenue increases, offering you options capable of reaching a global audience. Startups and Fortune 500 businesses all use Stripe to start and scale their companies.

Customer interfaces can be created through the software offered and viewed on devices of all sizes. There are a range of options for you to choose from which include custom UI toolkit which is built in and provides the tools needed to design your payment form and shopping cart.  

Stripe libraries are also available from Ruby to Go for additional help. Simplify and accelerate how you reconcile transactions through their API and Dashboard, and get real-time information about charges, fees, refunds, and transfers. Create financial reports directly with Stripe data with no separate reports from American Express or separate bills from gateways and merchant account providers. Automatically sync your Stripe data with your accounting ledger. Use Stripe to export information about payments, refunds, and fees.

Successful transactions are supported by the Stripe analytics team which helps to minimize user error. You can also expect payment to reach your bank account within two days or opt to receive weekly or monthly payments. You can issue either partial or full refunds through their software instantly, without incurring any charges. Consumer wallets like Apple Pay and Google Pay are accepted at the same flat rate and enable your customers to check out faster. You will be able to accept payments from both iOS and Android applications on mobile websites.

Stripe considers security as a top priority and they invest heavily in securing their infrastructure with world class security experts. All card numbers are encrypted on disk with AES-256 decryption keys and Stripe’s infrastructure for storing, decrypting and transmitting card numbers runs on a separate server. Compliance to payment card industry data security standards (PCI DSS) and assessment by PCI qualified security assessors has given Stripe a certification as a PCI Level 1 Service Provider. This is considered to be one of the most stringent levels of certification available in the payment industry. By using Checkout, Stripe.js and Elements to collect payment information, you offer your customers’ instant security as all the information passes directly through the Stripe servers and does not stay on your server.

Stripe Best Features

  • No upfront fees or long-term contracts – set price per transaction
  • Flexible API – to manage cards and payments
  • Customized support plan – built for fast-growing or complex businesses.
  • Dedicated support manager – your own support manager
  • Accept all major debit and credit cards – from customers in every country
  • Screen size adaptation – can be viewed with any device
  • Built-in reporting – get reports on financial transactions on the go
  • Custom reporting via the API – streamline reports to your requirements
  • Accounting support – integrate with QuickBooks
  • Customizable charts and analytics – design charts and analytics to your taste
  • Real-time reporting and data – access data from anywhere at any time
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