Is Stripe Safe? What You Need to Know


Stripe have a feature called Stripe.js which makes sure that the data from your customer’s cards are not visible on your website. Data from cards used for payment go directly to Stripe which have a global online payment processor that is trusted by millions of customers worldwide. The security used on Stripe processors encrypts on disks with AES-256 and description keys are stored on separate machines. These features mean that Stripe is considered to be very safe. 

Security is a big consideration with everything that Stripe does. Their infrastructure for decrypting and transmitting card numbers run on different servers and credentials are not shared with their primary servers. PCI-certified audits are done and Stripe is a Level 1, certified PCI Service Provider. With this certification, which is the highest level of security available in the payment provider industry, Stripe offers some of the best security in this industry.

All transactions are Secure Socket Layer (SSL) protected which keep data submitted from your customers secure during the processing of payments. Stripe has a technically superior data center that safely stores all credit card numbers, so you can rest assured that your customer’s information is secure. Their safety and security measures are respected by thousands of their customers which include many Fortune 500 companies. Once the transactions are verified, funds are automatically transferred to your bank account.

What is Stripe?

Stripe is a payment platform that also offers some of the best software for all types of businesses, especially E-Commerce. They handle billions of dollars from businesses globally in many currencies. For E-Commerce businesses, Stripe offer powerful and flexible tools which include API’s that will help you create a smooth online transaction process for customers. Their scalable solutions are used by millions of companies and Stripe also provides everything you need to create an effective and mobile E-Commerce website using SDK’s for both iOS and Android devices.

Who uses Stripe?

Stripe is primarily used by online businesses of all kinds including fundraising and non-profit institutions. Stripe is suitable for any merchant that needs a payment processor, especially small to medium sized businesses. Anyone who needs to be able to process recurring invoicing or simply to accept payments can use this fully integrated, global platform which can be used online or on site.

Whether you are setting up an online store or setting up a point of sale system, Stripe has the capability to integrate with your software for payment processing. For E-Commerce sites, Stripe can be used with Cartfunnel to add advanced shopping cart features. If you have an open source or self-hosted platform like Magento, WordPress or PrestaShop you can install plugins to get started with Stripe.

Why should you consider Stripe?

All merchants require a merchant account in order to get paid for their goods or services. The two most popular payment processors available at the moment are Stripe and PayPal. If you are primarily an online business, then Stripe is possibly your best choice. All you need is a bank account and a reliable, fast, efficient and secure payment processor. Stripe ticks off all these attributes and also offer one of the safest payment gateways online. Their services are particularly attractive to micro businesses that do not want to be charged a monthly fee as they only charge per transaction.

Whether you are an on-site business or only deal with E-Commerce, Stripe has a solution for you. Their fully integrated global platform can support any business. Additional features offered are mobility, custom UI toolkit, imbedded checkout, revenue optimization, reconciliation and payouts, reporting and insights, business operations and third party integrations and support. All in all Stripe offers many additional features that you can choose to use and new applications are available regularly. If you are looking for a scalable internet based solution, you can do very well with Stripe.

How to Sign up for Stripe

Starting up with Stripe is very simple. All you need to do is create an account with your email address and password. Once logged in you will need to fill out your personal and banking details. This only takes a few minutes. There are no lengthy contracts to sign and you will be charged 2.9% +30 cents on every successful card charge. With Stripe you will have access to a complete platform of online payments and pay as you go pricing. Customized packages are available for you to purchase if you require more features.

Comparing Stripe and PayPal prices

If you are a merchant based in the U.S., both Stripe and PayPal charge the same, namely 2.9% + 30 cents per successful transaction. The two companies are very competitive but there are a few differences when it comes to international merchants. PayPal charges 4.4% per transaction on international sales while Stripe fees are slightly less at 3.9%. For companies that do a lot of international sales this could make a big difference on the bottom line. With sales based in the U.S., you could pay slightly less per transaction if you are using the PayPal Here card reader from your smartphone. In this case you would only be charged 2.7% per transaction. For people who do tiny transactions online both Stripe and PayPal offer a pay as you go payment plan which means that you will not be charged any fees if you do not have any sales. As you can see the prices between the two companies are pretty similar and who you choose will depend on what type of business you are.

Can you pay with PayPal on Stripe?

You cannot pay with PayPal on Stripe. Both companies offer a payment platform with similar services and there is no benefit for accepting PayPal transactions on Stripe as the two cannot be integrated. Both companies process debit and credit card and essentially offer the same services.

Is Stripe owned by PayPal?

Stripe is not owned by PayPal. They are both independent payment processing platforms who charge similar rates per transaction. The difference between the two is that Stripe, although beta based, offers more features and API’s and also accepts ACH transactions which PayPal does not. 


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