Stripe
Stripe is an American payment process that allows individuals and business to make and receive payments online. The company has invested immensely their API and documentation to make payment processing integrated in to applications and customized services. Stripe is based in San Francisco, California and after receiving another funding round of $250 million in 2019 the company is now valued at $35 and considered one of the premier payment processing services.
How much does Stripe cost per month?
Stripe has no monthly fee attached to it service, nor does it have a set up cost. Stripe charges only per transaction.
How much does Stripe charge?
When using Stripe's API and services you are charged only per transaction. To every transaction there is a 30¢ flat rate + 2.9% of the amount transacted.
How quickly does Stripe pay?
Payments from stripe takes 7 days for the very first transaction within North American, and up to 10 days for European bank accounts. After that your payments are bundled and paid out every 2 business days in North America, and on a weekly basis in Europe.
Is stripe better than PayPal?
Well, that answer lies in the eye of the beholder. Stripe's API is definitely its selling point, it is a well documented version less API that is easy to work with. If you build your payment process around an older version of the API you can rest assure that it will continue to work into the future. Stripes archives this by utilising API migrations, if you build a solution around version 1.0 and the API is update to version 3.0 the API automatically takes your request and migrate it up to the current version. Then creates a response and down migrate it to version 1.0 so that it can be interpreted by your application. Apart from that, the prebuilt features and reporting provided by Stripe is also top class.
Is Stripe safe to use?
Stripe is PCI Level encrypted so on a transactional level follow industry standard and are as protect from a potential data breach as you can be. However some security lies in your lap as well, payment pages (credit card input forms) needs to have a valid SSL certificate to secure the data sent over the HTTP request and responses. Stripe documentation has a whole section dedicated to security and also account managers that will enforce security standards on your end as well.
What companies use Stripe?
Many companies use Stripe, it is one of the most popular payment process in existence today. Companies like Docker, Glassdoor, Lyft, Mulesoft and Instacart use Stripe for their services.