Stripe

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What is Stripe?

"Stripe is a web and mobile payments system, built for developers."

Stripe is a web and mobile payments system that provides a way for individuals and businesses to accept payments over the Internet.

Stripe provides a set of unified APIs and tools that instantly enables businesses to accept credit card payments on their website or mobile app. With Stripe, users can create the payment experience they want in minutes, and Stripe will take care of all the heavy lifting, including security and daily transfers to bank accounts. Stripe powers payments for thousands of businesses of every size—from start ups to Fortune 50 companies.


Stripe scored 90/100 in the Payments & Invoicing category. This is based on user satisfaction (88/100), press buzz (72/100), and other relevant information on Stripe gathered from around the web.

The score for this software has improved over the past month. What is this?


Stripe Awards

Stripe Quality Choice Badge 2020 Stripe Trusted Vendor Badge 2020
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Stripe Review

Editors' Review by the Payments & Invoicing Software Review Team

Stripe is a cloud-based payment platform created to help businesses of all sizes in accepting and managing online transactions. Nowadays, people are relying on software solutions as a better and effective alternative to bookkeeping. It requires less paperwork and effort in tracking and managing your financial requirements.

Furthermore, Stripe is used by businesses of every size, from new startups to public companies. Since most people make use of online transactions, this software solution makes it easier to collect credit cards and process payments. It also offers a powerful and flexible toolkit for your business. Features related to payments, billing, connecting and payouts are offered to the users are catered to address each crucial stage of your payment process.

Stripe is a relatively inexpensive credit card processor. For a small price per each successful charge, you can conduct online business effectively and efficiently. Other than being able to collect payments and issue invoices, users can also build their own e-commerce environment using Stripe’s API. You can partner with the platform’s many e-commerce associates.

Stripe Features

Payments

Stripe offers several payment methods, which include, but is not limited to, MasterCard, Visa, Discover, Google and Apple Pay:

Stripe elements

This refers to a custom UI toolkit catered for merchants and business owners to build their own custom payment forms.

Embeddable checkout

This method allows you to customize an embeddable payment form for the devices within your website.

In-person payments

Even though it’s not Stripe’s ideal payment method, users can still accept payments in person. This is done through a series of mobile card readers and terminals. Additionally, Stripe gives you development tools to create your own POS integration.

Invoicing

Invoicing lets you send custom invoices and request payments from customers. This includes ACH payments. Additional features include the ability to create recurring, usage-based, scheduled, promotional and tiered payments for your audience.

Stripe Sources

The Sources API offered in Stripe makes it easier to accept payment methods from customers around the globe. Using only a single integration, users can enjoy supported payment methods. This includes Giropay, Bancontact and Alipay.

Billing

This feature lets you use a new set of tools to build and scale your business model. You can integrate faster and bill your customers with one-off invoices or automatically with the recurring ones. Other tools include building blocks, hosted invoices, smart recovery tools and automatic invoice reconciliation.

Connect

This feature simplifies and accelerates your daily operations that include user onboarding, reporting, pay-in and pay-out networks and compliance. It automatically tracks your financials for you by connecting multi-party payments into a single, centralized solution.

Payouts

Stripe lets you send mass payouts to sellers, service providers and freelancers across the globe. It does this by automating workflow payouts and handling onboarding processes.

Atlas

As one of Stripe’s most advanced features, Atlas allows you to start your own company from the ground. This is done through a series of steps, which Atlas guides you through. You can create a legal framework for your company by completing the following:

  • Forming a legal entity
  • Opening a bank account and a debit card
  • Forming bonds with the Stripe Atlas Community
  • Setting up a Stripe account

Radar

Radar is a helpful feature that prevents fraud and security breaches. It does this through Machine Learning and frictionless authentication. This reduces the risk of blocking legitimate customers who want to reach out to you.

Issuing

Stripe Issuing is designed to create, distribute and manage physical and virtual cards. It features an API for creating cards and new business models. This gives you more control over certain aspects in your company such as spending limits and entire card stacks.

Terminal

Even though Stripe is used primarily in the online world, it has certain features to assist in the physical one. With Terminal, users can build their own in-person checkout. This also means being able to unify online and offline channels with the developer tools Stripe offers.

Stripe payments platform

Stripe Benefits

Customized check-out experience

Stripe allows you to create and customize your ideal check-out experience. Businesses and companies have different steps when it comes to checking out products. With the help of the UI toolkit, you can build and personalize your business’ front-end, design and analytics. It also means being able to embed checkout on your sites and integrate it with the mobile site.

Several payment methods

One of the reasons why Stripe is highly popular among merchants is because of its international reach. With varied payment options, businesses can process and accept payments from all major credit and debit cards in every country. Other options also include Alipay, Apply Pay and CheckOut.

Optimized reports and insights

If you want to check your overall finances, you can rely on Stripe’s report generation feature. You’re given access to all types of reports that include real-time information related to each charge, fee and transfer in your business. Additionally, you can view relevant data based on specific aspects such as currencies, countries, payments, and types.

Secured payment processing

Because Stripe deals with several merchant and customer accounts, security is one of its top priorities. It protects your money by optimizing routing paths using direct integrations with major card networks and using additional layers of authentication to secure against fraud and data breaches.

Stripe subscriptions billing

Stripe Pricing

Stripe is split into two simple pricing packages. It doesn’t have a fixed monthly price like most software solutions. Instead, its price range is completely dependent on how frequently you use Stripe. With this requirement, Integrated and Customized are catered to two different business sizes.

Integrated is catered for small to mid-sized businesses. Users can access a complete payments platform with simple, pay-as-you-go pricing. For 2.9% and 30 cents, each successful card charge, you get to experience Stripe with all its features and functionalities. This includes being able to manage payments, have updated features and expect no fees of any kind. This means no set-up fees, monthly fees and hidden fees.

On the other hand, the Customized plan is a custom package for businesses with large payments volume or unique business models. This plan comes with volume discounts, interchangeable pricing, multi-product discounts and country-specific rates.

Users get to experience more than 100 features in the pricing plans. This includes the tools to build optimized checkout flows, global payments with a single integration, financial reconciliation and reporting and comprehensive security.

However, users should note that the more advanced features in Stripe come at a price. For example, Sigma’s features start at 2¢ per charge and Atlas costs a one-time $500 payment.

Conclusion

Stripe is a platform engineered for growth. You can set up a marketplace online, which gives you several advantages in certain aspects. You get to bill customers on a recurring basis and accept payments from different bank options and currencies. This gives you an all-around global platform to support electric transfers of money from an issuing bank and into an acquiring bank.

Known for its industry-leading developing tools and varied payment methods, Stripe is one of the most popular payment gateway platforms in 2019. Since it handles money daily, it often reviews your account and processing habits routinely. This poses a problem for some people because they often find their funds being held against their will. Sometimes, Stripe even cancels accounts showing suspicious activities. But overall, it only goes to show that Stripe is serious in providing security in all accounts.

Stripe is generally recommended primarily for mid-sized to large businesses. It’s also perfect for companies dealing with technology since it offers developer tools. With its advanced features and simple API, Stripe is easy to work with and perfect for people who just want a reliable and high-quality credit card processor.

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Payments & Invoicing Market Radar

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Stripe Product Overview

  • Built for developers: simple, compassable, orthogonal APIs.

  • Accept payments from anyone, anywhere.

  • Powerful toolkit to work with any type of business.

  • Scalable for companies of all sizes.

  • Seamless security with trusted, certified PCI level 1 system.


Languages: English

Payments & Invoicing Software Buyer Guide 2020

Product recommendations, vendor rankings, market overview and tips on how to select Payments & Invoicing software for business. Published in June 2020.

Payments & invoicing is the lifeblood of a business when it comes to accounting and finance. Without effective payments and invoicing management, a business will not be able to track its income and expenses. At the same time, they will lose track of the...

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Stripe Features

  • 2-Factor Authentication
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payment Processor
  • Payroll
  • Scheduling
  • Supplier Management
  • Tax Management
  • Third-Party Plugins/Add-Ons
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

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Stripe User Reviews

Average User Rating:
4.4/5 based on 135 user ratings.
Your Rating:

Sentiment Scale
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User Sentiment Map

The sentiment map shows a snapshot of how Crozdesk users have rated Stripe over time. It shows how existing users see Stripe with regards to its usefulness, ease of use, value for money and customer service.

Overall
9.8/10
Arrow Left Recent Older Arrow Left
Usefulness
10.0/10
Ease of use
9.7/10
Value for money
9.3/10
Customer service
10.0/10
User profile picture

"The payment gateway with better features for any website."


What do you like about Stripe?

Stripe I love, I currently have this payment gateway integrated into my eCommerce store, I think it is a very useful and necessary platform, it is the only one that integrates perfectly in Shopify to receive payments on the same website without having to be redirected to another tab

Also, they are very punctual with the pending payments and are sent directly to my bank account. It is very easy to use this company, it really has very necessary features for a correct operation of any online store.

Something else that I love is that by using this software I can accept all types of debit and credit cards, Google Pay and Apple Pay. This company is totally useful.

What do you dislike about Stripe?

About this platform there is nothing that I do not like, I have really used this company for a long time and I have not had any problem, all payments are made correctly, its support is very good, it has all the features that I need for my website.

What have you been using it for and what problems did Stripe solve?

I have solved many problems with this platform, it has allowed me to integrate payment gateways like Google Pay and Apple Pay, as well as I have been able to receive payments of all types of credit card. Stripe has really made me increase my clients since I have the most used payment methods available today.

5/5
Usefulness
5/5
Ease of use
4/5
Value for money
5/5
Customer service
User profile picture

"Payment platform of the PayPal style."


What do you like about Stripe?

Speaking of Stripe I can say that a great platform that simplifies the PayPal payment process.
This platform allows you to connect my web page with a Stripe account, which allows you to receive payments for my services or products on my own web page.
In addition, with Stripe the entire payment process is easier since it avoids the step of redirecting the payment to another tab, and in this way to integrate the whole process on my web page.
This platform also charges commissions at a lower percentage than PayPal since it charges 3.4% plus 35 fixed cents for each transaction, while Stripe only 2.9% and 30 fixed cents for each transaction.

What do you dislike about Stripe?

Talking about the disadvantages of Stripe, what is one of its virtues for other users is a disadvantage.
The simplification of payment in the same web can be untrustworthy for some users when not seeing the logos that guarantee reliability. Also for some users who ask them a bit to adapt to the technological world can be somewhat complicated.

5/5
Usefulness
4/5
Ease of use
4/5
Value for money
5/5
Customer service
User profile picture

"user friendly, love it"

// Accountant at KPMG

What do you like about Stripe?

Stripe is extremely easy to set up recurring billing and also billing 1 off transactions while keeping a clear track record of everything that has run inside the system. It has made the billing process for our company easy.

What do you dislike about Stripe?

My biggest dislike is the fact that recurring billing does not have an automated email to everyone on failures. We do a lot of billing so we need to keep an eye on it. There are also a few usability things with discounts that can get annoying on subscriptions and the fact that you can't change currency once a subscription has been created can be annoying as you need to recollect all payment info.

What have you been using it for and what problems did Stripe solve?

We are trying to streamline mass billing of subscriptions and plans. Stripe has streamlined that while giving us 1 global billing platform.

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
User profile picture

"Reliable payment gateway"

// Head of Marketing & Customer Success at LiveAgent

What do you like about Stripe?

We've used 5 payment gateways in 4 years and Stripe is on a shared #1 spot. It's reliable, easy to integrate and security is very high. Couple months ago, our Stripe dashboard went through a major redesign. My personally I liked the older version better and easier to understand. However, on the other hand, I understand the shift towards more modern looks. Eventually I will get a better hold of it. I must say that handling transaction disputes in Stripe is probably the best amongst its competitors. Their customer service is also very attentive.

What do you dislike about Stripe?

Even though these are two completely different types of services (credit/debit card processing vs. digital wallet), Stripe does not integrate with PayPal. Also, I believe they've discontinued support with Bitcoin because of its volatility, which I understand.

What have you been using it for and what problems did Stripe solve?

Accepting credit card & debit card payments for recurring software as a service subscriptions. It helps us automate and accept payments.

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
User profile picture

"Absolutely incredible and powerful"

// Co-Founder at Dovetale, Inc

What do you like about Stripe?

Easy to setup and the documentation is flawless. Their support team answers quickly and updates docs really fast!

What do you dislike about Stripe?

The fees are pretty high when you do some of the invoicing through Stripe. Would love to be able to negotiate this on bigger deals.

What have you been using it for and what problems did Stripe solve?

We use it for platform subscriptions and processing payments to contractors on our platform.

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
User profile picture

"Stipe is the easiest way to take payments, whether you are a developer, or an everyday retailer."


What do you like about Stripe?

Stripe is so simple and easy to use. We have Stripe set up to integrate with our software, our developers found integrating the API a breeze, and our end users find the process to set up Stripe simple.

What do you dislike about Stripe?

Finding the correct API key was confusing. It is clearly aimed at developers. It would be really nice for the forms and webhooks to be easier to set up.

What have you been using it for and what problems did Stripe solve?

We use Stripe to integrate with our software Fieldd. We also use it as our main payment processor for our cleaning company. Using it is super simple and has saved us a ton of time and money.

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
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