#1 most frequent
United States of America
50.9%2,326 installations of 4,573
What is Stripe Payments?
Stripe is a payment gateway software solution which supports a range of payment related needs such as subscription management and recurrent billing via Stripe Billing, integration with third party payment services via the Stripe Connect API, assistance starting an Internet business which accepts payements via Stripe Atlas, fraud prevention via Stripe Radar, and payment analytics via Stripe Sigma.
Additional features and modules include Stripe Issuing, which allows users to create, manage, and distribute virtual and physical cards. Control expenses, reduce operational burden, and create new lines of revenue. Stripe Invoicing is a global invoicing platform. Stripe Treasury is a banking-as-a-service API that lets users embed financial services in a marketplace or platform. With a single integration, enable customers to hold funds, pay bills, earn interest, and manage cash flow.
Additional features and modules include Stripe Issuing, which allows users to create, manage, and distribute virtual and physical cards. Control expenses, reduce operational burden, and create new lines of revenue. Stripe Invoicing is a global invoicing platform. Stripe Treasury is a banking-as-a-service API that lets users embed financial services in a marketplace or platform. With a single integration, enable customers to hold funds, pay bills, earn interest, and manage cash flow.
Categories & Use Cases
Videos
Top Performing Features
Payment Form Acceptance
Ability to accept many different forms of payment
Category average: 7.2
Recurring Payment Support
Ability to support subscriptions and recurring payments
Category average: 7.4
Fraud Detection
Ability to detect fraudulent transactions while allowing legitimate transactions
Category average: 7.1
Areas for Improvement
Global Support
Supports many currencies and languages
Category average: 7.4
API or SDK
Tools to interact with payment gateway code
Category average: 7.8
Billing and Invoicing Support
Billing a client for work done
Category average: 7.3
Who Buys & Uses Stripe Payments
#2 most frequent
Germany
14.3%655 installations of 4,573
#3 most frequent
Canada
6.8%311 installations of 4,573
Stars for Stripe.
Use Cases and Deployment Scope
We use Stripe for on-site payments and link it to our accounting platform so people can easily interact with our payment systems. It's great because we can also use it to set up one-time payment links, QR codes, and specific links that we can then track and generate reports from.
Pros
- One time payment links.
- Refunds if requested.
- Generate reports.
- Allows you to see your available balance.
- Shows any failed payments.
Cons
- I generate monthly reports and use the custom function, which could generate a more simple report when you just want to see the amount, product, and one or two other elements.
- Sometimes, customers have issues with payments. I'm not sure if this is with the 2fa or an actual Stripe system issue.
Return on Investment
- It's had a positive impact on enabling a link to our accounting platform for online payments. This has seen quicker payments for our invoices and increased our cash flow.
- The fees charged have caused some issues in regards to our net gain when its on larger sums.
- It has enabled a better variety of options for our clients, such as one-time payment links, QR codes, and being able to generate reports and track specific elements of our business.
Usability
Other Software Used
Sage Accounting
Powerful Scalable and Nearly Perfect for Modern Businesses
Use Cases and Deployment Scope
Streamlessly accept and manage online payments across multiple touchpoints. Improving customer experience, security and compliant and scaling globally.
Pros
- manage transactions
- support on fraud activity
- management of chargebacks
Cons
- dashboard complexity for non tech users
- dispute and chargeback management
- Reporting
Return on Investment
- improved fraud risk management
- reduced time spent managing chargebacks
- reduced time finding customer transactions
- reduced agent handling time
- reduced payment failures
- negative - higher tranaction fees compared to local gateways
Usability
Stripe Payments saves us 70 in fees on one of our types of transactions
Use Cases and Deployment Scope
We use Stripe Payments to facilitate online transactions. We sell games and other digital products and use Stripe integrations to automate fulfillment of these items purchased through Stripe Payments. This allows us to offer an alternative purchase method to other platforms for our customers, and when a customer purchases through Stripe Payments, we save quite a lot on platform fees because Stripe's fees are less extreme.
Pros
- Ease of use for customers
- Dashboard is excellent
- Integration options are excellent
- Dependability (we've never had a failed transaction because Stripe had a technical error!)
Cons
- Stripe's documentation isn't terrible, but navigation seems relatively slow for the content that is actually served.
- There are a few rules that seem strange/arbitrary to me (ex: you can create a 100% off one-time-use coupon but it can't actually be applied by a customer to a purchase) and I never got an explanation.
- Their transaction fees aren't the lowest in the field, and lower introductory rates to start out would probably be nice for a lot of people.
Return on Investment
- Using Stripe Payments saves us about 70% of the fees of other platforms to sell games online.
Usability
Alternatives Considered
Gumroad and Shopify
Charge credit cards in multiple ways with good connections to other apps and software
Pros
- Connects with the most common online shopping carts to handle online payments
- Easy to use and understand (both for purchasers and business admins)
- The login area for Stripe shows a record of transactions and displays data in useful reports
Cons
- Having a payment plan with a set number of payments with start and end dates
- "Dunning" ie re-trying scheduled payments on an interval if they fail the first time
Return on Investment
- It is the main channel we use to be able to charge our clients and sell online products and services - so over 90% of our revenue is handled through it
Alternatives Considered
Square POS
Other Software Used
WordPress, WooCommerce, Zapier, ClickFunnels
Payment Ease with Stripe Payments
Use Cases and Deployment Scope
I use Stripe Payments daily for client payments. So far, I have not figured out how to add the processing fee to clients that have subscription payments.
Pros
- Integrates with Xero.
- Easy payments for clients.
- reconciliation.
Cons
- Show less coding unless requested.
- separates processing fee into separate transaction when feeding into Xero.
- processing fee not processing on subscription/recurring payments.
Return on Investment
- Lowered processing fees.
- having to manual enter recurring payments to capture processing fees.
- Less time processing client payments on my end.
Usability
Alternatives Considered
Authorize.net
