![]() ![]() However, PayPal functions primarily as a digital wallet for individuals or your small business. Like Stripe, PayPal is a financial services company. If you don’t know an IT specialist and don’t have the means to pay someone to help you configure Stripe, you may want to use PayPal or find a simpler system, because the software’s bells and whistles can be overwhelming. One big drawback of Stripe is that, with so many tools and features available, you may need some development experience to set it up. You need enhanced fraud-prevention tools.Your organization routinely engages in online sales.You desire a completely customizable platform.Your online business relies heavily on e-commerce.Consider using Stripe if you meet any of these criteria: Stripe excels because it offers your business competitive pricing and a wide selection of tools. If your company has a unique business model – including large payment volume, country-specific rates, multi-product discounts or other specific features – Stripe will work with you to create a custom payment processing plan that can lower processing fees. Integrations are also available for other global payment methods, such as Giropay. Pricing is the same for all cards and digital wallets, including Visa, Mastercard, Maestro, American Express, Discover, JCB, Apple Pay and Google Pay. If you choose Stripe for processing your brick-and-mortar or e-commerce payments, expect to pay fees starting at 5 cents per transaction plus 2.7% of the transaction value – 30 cents per transaction plus 2.9% for e-commerce. ![]() Inventory management: Track items that you carry on hand, and set up alerts to let you know when to order more.Fraud protection: Protect against fraud and prevents chargebacks with Stripe’s Radar service.Identity protection services: Utilize identification tools to verify your customers’ identities – the fee is $1.50 per verification.Tax calculation tools: Take advantage of the platform’s tax calculation tools – the cost is 0.5% per transaction.Card issuing: Offer your clients rewards and promotions using custom gift cards.Invoicing: Invoice up to 25 customers each month for free – pay 0.4% per paid invoice after that.Business billing: Create recurring invoices and subscriptions – the fee is 0.5% on recurring charges.In addition to payment processing, Stripe offers these services: Source: Stripe Additional Stripe services Here’s an example of a Stripe dashboard: Stripe dashboard Depending on which service you choose, you can utilize inventory-management tools or integrate Stripe directly with QuickBooks. In addition to payment processing for your online business, you’ll also gain access to Stripe’s other services, including billing, invoicing and identity protection. You’ll have the option to purchase equipment or download plugins to process payments, and use a personal dashboard to help track the payments you receive. When you sign up with Stripe, you can choose from its standard offerings or a customized e-commerce package. ![]() Payments are then deposited into a merchant account, which Stripe supplies, and are automatically transferred into your business checking account as soon as the next day. The company sells a leading point-of-sale (POS) system and has plugins for e-commerce tools that equip your business to receive payments from customers.Īs a payment processing company, Stripe can aid your business to accept payments through many different methods – for a fee. Stripe is a financial services company that functions primarily as a merchant services provider. High-volume e-commerce business with web development resourcesĬonsultants and companies that invoice clientsĬredit and debit cards, ACH payments, Google Pay, Apple Pay, Microsoft Pay, various foreign payment methodsĬredit and debit cards, ACH payments, Pay in 4, Venmo, Google Pay Stripe may benefit your business by accepting multiple payment forms for your high volume of sales, while PayPal may better suit your company if you already use the platform.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |