Stripe

Benefits Of Using Stripe Payment Processor

Stripe is the leading platform for running an internet business. We handle billions of dollars every year for forward-thinking businesses around the world.

It accepts payments globally, supports local methods.With support for over 135 currencies and 100 payment methods, including cards, wallets (Apple Pay, Google Pay), bank debits, bank transfers (ACH, BECS, FPX, Klarna), SEPA, iDEAL, and more, businesses can accept payments from anywhere in the world and support new forms of payment in just a few clicks.

Modular, future ready architecture

Stripe functions works like a financial operating system. Begin with simple payment acceptance, and then grow your business using a single product suite: from subscription billing to recurring billing, invoicing to payment pages, or integrated payment solutions to analytics and reporting.

Developer-friendly stack

Stripe provides you with clean, organized APIs and SDKs in almost all languages (JavaScript, Python, Ruby, PHP etc) so you can expect to have control over checkout flow, payment logic and backend work processors.

Built-in fraud protection

Stripe Radar uses machine learning algorithms and global data to help you detect and prevent fraud. You can tweak rules and apply 3D Secure and reduce chargebacks with very low level of manual work.

Powerful analytics and reporting

In addition, the Stripe Dashboard provides real-time data on trends in user behavior and purchasing patterns, as well as built-in reports like Monthly Recurring Revenue (MRR), Average Revenue Per User (ARPU), and data related to subscription lifecycle for your SaaS business.

Seamless recurring billing

Stripe Billing lets you manage subscriptions, run usage-based billing, and handle invoicing in a single unified system — perfect for businesses with recurring revenue, like subscription services, SaaS, or B2B software.

No-code and low-code tools

Not a developer? Stripe also includes Payment Links, hosted checkout pages, embeddable buttons, and Stripe Invoicing — none of these require writing any code.

A reliability for enterprise use

Utilized by companies like Amazon, Shopify, Booking. com and millions more in startups, Stripe is processing billions in dollars a year for ways to make money with exactly that — a high percentage of uptime, and regulatory conformity across markets.

How To Use Stripe

1. Sign up online (no fees)
2. Integrate via code or Payment Links
3. Verify business and set up payouts
4. Configure Radar, billing, and compliance features
5. Launch and monitor from the Stripe dashboard

Review

Stripe is notable for being a combination of flexibility, transparency and global reach. Good for: Any business that prizes customizability and has developer resources. Innovative shops pursuing plug‑and‑play POS capabilities may find it over the top. Although account holds and support delays can affect the way you do business, these types of problems are par for the course for mega payment processors.

Safety

Security - All payments processed by Stripe are PCI-DSS compliant, emblematic of the best practices in cybersecurity: your security is our primary concern, and your data is safe with robust encryption over a global AWS infrastructure and 24 hour security and monitoring as well as real-time fraud alerting with Radar security tool. They also look for leaked credentials on the dark web and they force password resets if you have one.

But Stripe has hit some security snags over the years:

• Phishing attacks (2019): Attackers launched a campaign against Stripe users with phony login notifications, the object stealing bank information and credentials.
• Express Connect fraud (2024): The fraudsters took advantage of Stripe Connect’s express accounts to route ~$92,000 in donations to themselves from a nonprofit platform, demonstrating the necessity of better fraudified controls.
• Account takeover (2024): Even while a customer was using 2FA, a single business saw hackers creating 52 fraudulent connected accounts, incurring more than $322,000 in charges and $~42,000 in pulls, which has resulted in internal security processes being dramatically updated.
• API key misuse risk: Not a breach, but fairly or not, stolen API keys can be used to exfiltrate PII, promo controls or financial actions, so Stripe is pushing secure key management and permission limitations.
• CI/CD risk (2024): A public “pwn request” exploit of a Stripe GitHub repo illustrated a scenario in which unauthorized code might be merged—Stripe acted quickly to address the issue and fortify its internal CI/CD controls.

Stripe has made some moves in response:

• Broadened monitoring of phishing and the dark web, locking accounts and requiring secure resets where appropriate.
• Improved Connect on-boarding and monitoring which enhanced internal protections for express accounts and payout flows.
• Mandatory 2FA, minimal, most limited access possible, bug bounty/onboarding training, in particular, after CI/CD issues.
• Improved secret key security, recommending high API key hygiene and providing tools to promptly rotate keys.
• Constantly invests in penetration testing, external audits, employee phishing drills, and internal training to bolster resilience.

Account Fees for Business

There are no set up fees or monthly fees for maintenance with Stripe, so it is particularly popular with young companies and small businesses. Instead, the platform employs a clear per-transaction pricing model, which is set at a certain percentage of the total amount along with a fixed fee, usually from 1.5% to 2.9% and from region and payment method. Although processing refunds is free, Stripe keep the processing fees. On chargebacks, there is a dispute fee of €15–€20, which is refunded if the merchant wins the dispute.

Which Type of Business?

It is particularly good for SaaS and subscription businesses with its built-in billing and invoicing capabilities. When it comes to cross-border e-commerce, its wide array of local currencies and payment methods also enable higher conversion rates. Stripe Connect helps platforms and marketplaces simplify how they manage multi-party payments. While Stripe does have in-person sales solutions through its Terminal product, businesses looking for advanced POS tools may still need to shop around.

For Physical Clients

Stripe Terminal provides card readers and Tap to Pay, but does not include tools specific to point of sale (POS) such as tracking inventory.