While consumers have traditionally been much more familiar with such payment gateway as PayPal, Stripe keeps increasing its popularity among merchants. According to the data on Stripe’s website, 90% of adults in the USA have bought from businesses using the service at least once.<\/p>\n
Indeed, Stripe has developed an excellent reputation for providing high-quality support and services to both businesses and their customers, and also managed to position itself as a source of cutting-edge technology while still remaining accessible and easy to use. But what exactly is under the hood? Does Stripe’s popularity hinge on its smart marketing only? In this article we’ll answer a number of questions connected with the way Stripe works, give an overview of the platform and explore the reasons for its popularity. Ready? Let’s cut to the chase!<\/p>\n
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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
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’s services.<\/p>\n
Stripe was founded in 2010 by two brothers – internet entrepreneurs John and Patrick Collison. The company’s headquarters are located in San Francisco, California, with other offices open in Ireland, France, Singapore, Australia, Japan, and Canada. <\/p>\n
At the time of writing, Stripe is available for businesses in 47+ countries while accepting payments online from anywhere in the world. <\/p>\n
In all supported countries, Stripe is production-ready and provides core functionality, which means that businesses have access to the platform’s financial services, products and support. However, some features may be unavailable in certain regions. Check out Stripe’s documentation to find out more.<\/p>\n
Stripe’s products are conveniently divided into three categories that cover different business needs:<\/p>\n
Depending on the needs of your business, you can take advantage of a wide range of products:<\/p>\n
This list of Stripe’s products and services is far from being exhaustive and includes tools that can help you verify global users’ 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.<\/p>\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’s 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
Everyone agrees that while choosing your payment provider, it’s essential that the software integrates with other applications your business is currently using. Stripe offers plenty of integrations with technology and consulting partners.<\/p>\n
Stripe’s 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 allows you to sync all transactions from Stripe into your QuickBooks Online, QuickBooks Desktop or Xero 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’s features that can make your accounting faster, better and more efficient. You’ve got a chance to check out what Synder offers out of the box by signing up for a free 7-day trial, or you can get a guided tour and ask questions during a demo.<\/p>\n
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If your online business doesn’t use any third-party apps, but you have a tech-savvy professional in your team, you’ll 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’s what most online companies look for.<\/p>\n
Stripe’s 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’s 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