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Stripe

  • Payment Processing System
  • Stripe.com
  • Stripe is a US-based financial infrastructure company that allows businesses to accept payments online and in person.

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About This App

Stripe is a technology company that provides a comprehensive suite of payment processing tools for businesses of all sizes. It was founded in 2010 by Irish entrepreneurs Patrick and John Collison. Stripe enables businesses to accept online payments securely and efficiently, with a focus on ease of integration and developer-friendly solutions. Today, Stripe is one of the most popular payment gateways globally, serving millions of businesses, from startups to major corporations like Amazon and Google.

Features

  • Payment Processing
    Stripe supports payments in more than 135 currencies and offers seamless integration for accepting credit cards, debit cards, digital wallets (such as Apple Pay and Google Pay), and even ACH bank transfers.
  • Global Reach
    Businesses can accept payments from customers worldwide with localized payment methods, helping companies expand internationally.
  • Subscription Management
    Stripe offers built-in tools for managing subscription billing, including automated invoicing, recurring billing, and smart retries for failed payments.
  • Developer-Friendly API
    Stripe’s highly flexible API allows developers to easily integrate payment processing into websites or mobile apps with custom workflows.
  • Security and Compliance
    Stripe handles PCI compliance, fraud detection, and data security with industry-leading encryption technologies.
  • Stripe Atlas
    A service for entrepreneurs that assists in creating a company, handling legal paperwork, and setting up a U.S. bank account for international founders.
  • Advanced Reporting and Analytics
    Stripe offers detailed financial reporting, real-time transaction data, and analytics to help businesses track revenue, refunds, and disputes.
  • Stripe Connect
    A tool for platforms and marketplaces that allows them to handle payments for third-party sellers, including multi-party payouts and split payments.
  • Stripe Radar
    An integrated fraud detection system powered by machine learning, helping businesses identify and block fraudulent transactions.

Pros

  • Easy Integration
    Stripe is known for its powerful and developer-friendly API, making integration quick and customizable.
  • Supports Global Payments
    Accepts multiple payment methods and currencies, making it suitable for businesses with a global reach.
  • Scalable
    Whether you’re a startup or a large enterprise, Stripe can handle different levels of payment volume.
  • Comprehensive Security
    Stripe manages all compliance and security, reducing the burden on businesses.
  • Subscription Management
    Built-in tools for handling subscription services, invoicing, and recurring payments.
  • Transparent Pricing
    Simple pricing model with no hidden fees.

Cons

  • Developer-Dependent
    While Stripe offers excellent features, it requires technical expertise to fully utilize its capabilities. Non-technical users may need developer assistance for setup.
  • Limited Support for In-Person Payments
    Stripe is optimized for online transactions. For physical stores, other solutions like Square may offer better POS systems.
  • Dispute Fee
    Stripe charges a fee for handling chargebacks, which may be costly for businesses with high dispute rates.
  • Not Ideal for Very Small Businesses
    Stripe’s extensive feature set and developer focus may be too complex for smaller businesses with simpler needs.

Who is Stripe Best For?

  • Online Businesses
    Stripe is ideal for e-commerce stores, SaaS companies, and subscription-based businesses that need a robust, scalable payment processing system.
  • Developers and Tech-Savvy Businesses
    Businesses with in-house development teams or those comfortable working with APIs will find Stripe’s flexibility and customization options appealing.
  • Global Businesses
    Companies with an international customer base benefit from Stripe’s support for multiple currencies and localized payment methods.
  • Startups and Fast-Growing Companies
    Stripe offers a scalable solution, from startups needing simple payment processing to rapidly growing businesses that require complex workflows and global reach.

Who Might Stripe Not Be Suitable For?

  • Non-Technical Users
    Businesses without a developer or technical expertise may find Stripe’s customization options overwhelming and difficult to set up.
  • Small Brick-and-Mortar Retailers
    Stripe primarily focuses on online transactions. Businesses needing robust in-person payment solutions might find platforms like Square or Shopify POS more suitable.
  • Businesses with Low Payment Volumes
    For very small businesses or sole proprietors, the cost and complexity of using Stripe might outweigh the benefits. Simpler solutions like PayPal or Square might be better suited.
Cost (from)
free practice subscription? ✗
trial?✗
partner program: ✓
Support Channels
Mobile Platforms
Accounting Platforms

QuickBooks, Xero, Zoho, AccountsIQ

Integrations

Shopify, MindBody, DocuSign, NetSuite

Geographies Served

Worldwide

INDUSTRIES

Ecommerce, SaaS, Marketplaces, Platforms

CATEGORY

Payment Processing System

Disclaimer

The information provided about various software products on this website is sourced from third-party websites and publicly available resources. We strive to ensure that all data is accurate and up-to-date; however, we cannot guarantee its accuracy, completeness, or timeliness. Software companies frequently update their products and services, and such changes may not always be reflected immediately in our listings. Please verify all information with the software provider before making purchasing decisions. For deeper explanations, please read StackPlan’s Software Review Methodology.

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