Secure your Stripe guide today! \ud83d\udcc8<\/strong><\/h3>\n\n\n\n
Discover best practices, and uncover hidden strategies that will empower your business to maximize revenue and minimize payment-related headaches. Download our guide now<\/a>!<\/p>\n\n\n\n <\/p>\n\n\n\n 1. What is Stripe?<\/a><\/p>\n\t 2. Where is Stripe available?<\/a><\/p>\n\t 3. Stripe products: What does Stripe have to offer?<\/a><\/p>\n 4. Payment methods and fees: How to receive payments online with Stripe?<\/a><\/p>\n 5. What businesses benefit from Stripe the most?<\/a><\/p>\n\t 6. The reasons behind the popularity of Stripe<\/a><\/p>\n\n\n\n <\/p>\n\n\n\n Stripe is a cloud-based payment processing solution that enables businesses to accept payments and manage transactions online, and offers related services. The company has built one of the most powerful and flexible tools for Internet commerce on the market and offers robust financial infrastructure for the Internet. <\/p>\n\n\n\n The company primarily focuses on large enterprises as well as online and e-commerce businesses. Such companies as Amazon, Spotify, Google, Microsoft, Booking.com, Under Armour, Pinterest, Slack, and many others are using Stripe\u2019s services.<\/p>\n\n\n\n Stripe was founded in 2010 by two brothers – internet entrepreneurs John and Patrick Collison. The company\u2019s headquarters are located in San Francisco, California, with other offices open in Ireland, France, Singapore, Australia, Japan, and Canada. <\/p>\n\n\n\n At the time of writing, Stripe is available for businesses in 47+ countries<\/a> while accepting payments online from anywhere in the world. <\/p>\n\n\n\n In all supported countries, Stripe is production-ready and provides core functionality, which means that businesses have access to the platform\u2019s financial services, products and support. However, some features may be unavailable in certain regions. Check out Stripe\u2019s documentation<\/a> to find out more.<\/p>\n\n\n\n Stripe\u2019s products are conveniently divided into three categories that cover different business needs:<\/p>\n\n\n\n Depending on the needs of your business, you can take advantage of a wide range of products:<\/p>\n\n\n\n This list of Stripe\u2019s products and services is far from being exhaustive and includes tools that can help you verify global users\u2019 identities, launch a startup, get funding, issue cards, and much more – and all of it while ensuring the security of data. For the full list visit stripe.com.<\/a><\/p>\n\n\n\n Stripe has helped businesses of all sizes accept payments online. What has made the platform very attractive is the fact that it provides cutting edge technology: it\u2019s built around third-party apps and offers its own APIs. Of course, third-party apps and APIs do sound familiar to business owners, but they may require some help from developers to implement them on websites. <\/p>\n\n\n\n Everyone agrees that while choosing your payment provider, it\u2019s essential that the software integrates with other applications your business is currently using. Stripe offers plenty of integrations<\/a> with technology and consulting partners.<\/p>\n\n\n\n Stripe\u2019s list of technology partners includes a variety of software providers that offer much-needed integrated tools or connectors with the platform, as well as analytics. One of such solutions is Synder. Synder Sync<\/a> allows you to sync all transactions from Stripe into your QuickBooks Online<\/a>, QuickBooks Desktop<\/a> or Xero<\/a> and automate your accounting. Automatic data import, one-click reconciliation, and error-proof P&L and Balance Sheet reports – these are just some of Synder\u2019s features that can make your accounting faster, better and more efficient. You\u2019ve got a chance to check out what Synder offers out of the box by signing up for a 15-day free trial<\/a>, or you can get a guided tour and ask questions during a demo<\/a>.<\/p>\n\n\n\n <\/p>\n\n\n <\/p>\n\n\n\n If your online business doesn\u2019t use any third-party apps, but you have a tech-savvy professional in your team, you\u2019ll find Stripe APIs quite useful. With just a few lines of code, developers can integrate Stripe APIs and build apps and forms that bill users directly and securely. And that\u2019s what most online companies look for.<\/p>\n\n\n\n Stripe\u2019s APIs provide an incredibly robust framework for developers to quickly and easily integrate the Stripe payment platform using a variety of languages such as Ruby, Python, PHP, Javascript, Node, and others. Thus, it\u2019s a perfect foundation to build on and expand the market for your online business, taking into account that Stripe constantly updates its features and documentation. This way, the development process for Internet commerce becomes more manageable allowing for creation of a customized and localized customer experience.<\/p>\n\n\n\n Is Stripe for developers only? It\u2019s not that simple. The cutting-edge technology provided by Stripe allows the platform to firmly position itself as a leader in the field, and for a good reason. Stripe made the product so easy for developers to integrate and flexible, that it has even evolved into a separate professional field. Business owners may use the platform’s basic functionality themselves, but if they want to further customize their site and explore Stripe\u2019s full potential, some professional help is required. <\/p>\n\n\n\n Some of the most popular Stripe products deal primarily with receiving different types of online payments. Let\u2019s break down the payment methods available and the fees associated with using them that act as one of the major reasons for the platform\u2019s growth in popularity. <\/p>\n\n\n\n First and foremost, \u0441redit and debit cards, such as Visa, Mastercard, American Express, JCB, China UnionPay, Discover and Diners, Cartes Bancaires, etc), account for a whopping 41% of online payments, which makes it the most popular payment method globally. <\/p>\n\n\n\n Stripe works with all major debit and credit card payments in 135+ currencies<\/em> (PayPal accepts 25, for example) and offers cardholder support in 195+ countries.<\/p>\n\n\n\n However, Stripe supports more than just cards. It allows your customers to use wallet payment methods that digitally store their credit cards and debit cards and streamline the way they pay. Thanks to digital wallets, the checkout process takes less time as the customers don\u2019t have to manually enter their card and billing details each time they complete a purchase. The list of accepted wallets includes:<\/p>\n\n\n\n Stripe offers integrated per-transaction pricing, which means there are no setup or monthly fees. The fee is the same for all types of cards and digital wallets:<\/p>\n\n\n\n Stripe allows your company to accept bank debit payments, wires and checks from your customers, which is especially useful if you have large or recurring billing payments. <\/p>\n\n\n\n Accepting ACH Direct Debit payments slightly differs from accepting credit card payments. ACH Direct debit is a reusable<\/a>, delayed notification<\/a> payment method – it can take up to 4 business days<\/a> to receive acknowledgement of payments\u2019 success or failure. <\/p>\n\n\n\n Stripe users can receive ACH Credit Transfers directly from their customers with the help of Sources<\/a>\u2014an integration path for creating payments. The flow is quite simple: you provide your customer with bank account information so that they can send the money, the customer makes a transfer to the source via the US ACH system or domestic wire transfer, and the integration uses the source to complete the payment. Sources allow the US customers to use checks to pay their invoices as well.<\/p>\n\n\n\n The ACH Direct Debit fee is 0.8% capped with $5.00 for each standard payment. You\u2019ll be charged 1.2% for 2-day settlement and $1.50 per instant bank account validation. Each failed ACH Direct Debit payment will cost you $4.00, while disputed payments incur a $15.00 fee.<\/p>\n\n\n\n Wire payments are subject to a $8 fee.<\/p>\n\n\n\n Stripe\u2019s fee per ACH Credit transfer is $1.00.<\/p>\n\n\n\n Stripe charges a $5.00 fee per individual check received which means that if your customer wants to pay a single invoice with multiple checks, the fee will be applied to each received check. If the check needs to be returned or it bounced, there\u2019s a $15.00 fee per check.<\/p>\n\n\n\n With a single entity, bank account, and Stripe integration, you can accept popular international payment methods – Bancontact, EPS, giropay, iDEAL, Multibanco, Pre-authorized debits in Canada, Przelewy24, SEPA Direct Debit, Sofort. Stripe allows you to monitor, report and make payouts in one place, and ensures smooth movement of money across borders. <\/p>\n\n\n\n Stripe\u2019s fees for international payment methods start from $0.80. You can check out the full list of fees here<\/a>. Note that these payment methods may also require currency conversion which will result in an additional 1% fee for your company.<\/p>\n\n\n\n The Buy now, pay later<\/em> option allows customers to split the payment into installments and spread the payment over time while merchants get paid immediately and in full.<\/p>\n\n\n\n Your US-based customers can use Affirm or for domestic payments. Afterpay is available for users in Australia, Canada, France, New Zealand, Spain, the UK, and the US. Klarna is currently available in Sweden, Norway, Finland, Denmark, Germany, Austria, the Netherlands, Belgium, Switzerland, the UK, and the US.<\/p>\n\n\n\n With Affirm, your customers may split their payments into installments and choose between two options: Split Pay<\/em> that allows to spread the cost over 4 installments with no interest, and Installments<\/em> that offers customers up to 36 months of credit. In either case, they will be charged 6% plus $0.30 per successful payment by Stripe.<\/p>\n\n\n\n Afterpay allows splitting the payment into 3 or 4 installments and Stripe charges 6% plus $0.30 for this payment method.<\/p>\n\n\n\n Stripe offers two options to pay with Klarna, each with a different fee. Your customers may pay in 4 installments and be charged 5.99% plus $0.30, or opt for Financing and pay 2.99% plus $0.30. In order to use the Financing option, your company has to contact Stripe.<\/p>\n\n\n\n When it comes to comparing two most popular payment solutions, Stripe and PayPal<\/a>, Stripe clearly wins. Stripe\u2019s pricing is more attractive for online businesses who sell predominantly online and internationally, and allows them to save up a considerable amount of money for other important things – marketing, for example. See the full breakdown of Stripe fees for e-commerce businesses here<\/a>. Remember that Stripe rates may vary depending on the country.<\/p>\n\n\n\n With so many Stripe products available, it\u2019s easy to lose track of what features are best suited for particular businesses. Let\u2019s see what businesses are bound to benefit from integration with Stripe the most and highlight what exactly they can achieve:<\/p>\n\n\n\n Due to Bitcoin\u2019s volatility, Stripe discontinued accepting BTC payments in 2018. However, seeing an increased interest in crypto on the side of its major competitors such as PayPal, Checkout.com and Block, Stripe followed suit. On April 22, 2022, the company enabled crypto payouts in stablecoin<\/a> USD Coin (USDC)<\/a> for Twitter, thus welcoming crypto back. Although currently the access to crypto payouts is limited to beta users, they can pay out in crypto to accounts connected to Express and Custom in selected countries<\/a>.<\/p>\n\n\n\n Payouts in crypto are only possible if:<\/p>\n\n\n\nContents:<\/b><\/h3><\/p>\n\t
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What is <\/strong>Stripe<\/strong>?<\/strong><\/span><\/h2>\n\n\n\n
Where is <\/strong>Stripe<\/strong> available?<\/strong><\/span><\/h2>\n\n\n\n
Stripe products: What does <\/strong>Stripe<\/strong> have to offer?<\/strong><\/span><\/h2>\n\n\n\n
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Stripe<\/strong> developer tools and APIs: Is <\/strong>Stripe <\/strong>for developers?<\/strong><\/span><\/h3>\n\n\n\n
![\"Synder](\"https:\/\/synder.com\/blog\/wp-content\/uploads\/sites\/5\/2022\/10\/synder-sync-banner-1024x482.jpg\")
<\/a><\/figure><\/div>\n\n\nPayment methods and fees: How to receive <\/strong>payments<\/strong> <\/strong>online <\/strong>with<\/strong> Stripe?<\/strong><\/span><\/h2>\n\n\n\n
Cards and wallets<\/strong><\/span><\/h3>\n\n\n\n
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Pricing<\/strong><\/h4>\n\n\n\n
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Bank debits and transfers<\/strong><\/span><\/h3>\n\n\n\n
Pricing<\/strong><\/h4>\n\n\n\n
ACH Direct Debit payments<\/strong><\/h5>\n\n\n\n
Wire transfers<\/strong><\/h5>\n\n\n\n
ACH Credit Transfers<\/strong><\/h5>\n\n\n\n
Checks<\/strong><\/h5>\n\n\n\n
International payment methods<\/strong><\/span><\/h3>\n\n\n\n
Pricing<\/strong><\/h4>\n\n\n\n
Buy now, pay later<\/strong><\/span><\/h3>\n\n\n\n
Pricing<\/strong><\/h4>\n\n\n\n
Affirm<\/strong><\/h5>\n\n\n\n
Afterpay<\/strong><\/h5>\n\n\n\n
Klarna<\/strong><\/h5>\n\n\n\n
What businesses benefit from Stripe the most?<\/strong><\/span><\/h2>\n\n\n\n
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\n\n\n\n* Does Stripe support crypto currencies?<\/em><\/strong><\/h3>\n\n\n\n
![\"Top](\"https:\/\/synder.com\/blog\/wp-content\/uploads\/sites\/5\/2022\/08\/4-kpis-ecommerce-1024x482.jpg\")
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