Why Stripe is one of the best Payment Gateway
Stripe is an online payment gateway that helps businesses accept payments over the internet. It supports various payment methods, such as credit and debit cards and digital wallets like Apple Pay and Google Pay.
Stripe charges a flat rate of 2.9% + 30 cents per transaction for credit cards. It's secure, and it integrates with many e-commerce platforms and provides APIs for custom applications. Stripe also allows businesses to make payouts to vendors and contractors.
Online payments are crucial for businesses these days, and Stripe is an excellent payment gateway option. Here's why you should use Stripe payment gateway:
Online payments are crucial for businesses these days, and Stripe is an excellent payment gateway option. Here's why:
Reasons to use STRIPE :
- Security: Stripe is highly secure and PCI-compliant, ensuring safe payment transactions.
- Easy Integration: Stripe is easy to integrate into websites or mobile applications using their documentation and plugins for popular platforms.
- Multiple Payment Methods: Stripe supports various payment methods, including credit cards, debit cards, Apple Pay, Google Pay, and Bitcoin.
- Transparent Pricing: Stripe's pricing is straightforward and doesn't have any hidden fees or charges.
- Analytics and Reporting: Stripe provides extensive analytics and reporting tools to track payment activity and gain insights into customer behavior.
- Strong Customer Support: Stripe offers excellent customer support with dedicated support teams, documentation, and an online community.
In summary, Stripe is a secure, user-friendly, and feature-rich payment gateway that businesses of any size can use to accept payments online.
Pricing plans of STRIPE :
Stripe has different pricing plans that cater to businesses of different sizes and needs.
- Stripe Standard charges 2.9% + 30 cents per transaction and has no setup fees, monthly fees, or hidden costs.
- Stripe Express is for marketplaces that split payments and charges 2.9% + 30 cents per transaction and 0.5% per payout to each connected account.
- Stripe Custom offers customized pricing while Stripe Connect is for marketplaces that manage multiple sellers and charges 2.9% + 30 cents per transaction and 0.25% per payout to each connected account.
- Stripe Billing is for subscription-based businesses, charging a fixed fee of $20 per month and 0.5% per transaction.
- Stripe Radar is for fraud prevention and charges 15 cents or 25 cents per transaction depending on the level of protection needed.
Stripe's transparent pricing structure has no hidden fees, making it easy for businesses to understand their payment processing costs.
Alternatives of STRIPE :
There are several payment gateway alternatives to Stripe that businesses can consider. Some of the most popular ones include:
- PayPal: PayPal is a well-known payment gateway that facilitates online transactions in different currencies and countries. It offers both buyer and seller protection and is known for its user-friendly interface.
- Authorize.Net: Authorize.Net specializes in credit card transactions and provides advanced fraud detection and prevention tools. It also allows for customized payment forms.
- Braintree: Braintree, owned by PayPal, offers similar features to Stripe, such as a developer-friendly API and recurring billing. It supports various payment methods, including PayPal, Venmo, and Apple Pay.
- 2Checkout: 2Checkout is a global payment gateway that supports multiple payment methods and currencies. It offers features like fraud prevention, subscription management, and recurring billing.
- Square: Square offers a range of payment solutions, including point-of-sale systems, online payments, and invoicing. It supports different payment methods like credit cards and ACH transfers.
- Payline Data: Payline Data supports various payment methods like credit cards, ACH, and eChecks. It also provides advanced fraud detection and prevention tools and customizable payment forms.
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