What is Stripe?
Stripe is a payment infrastructure provider which offers a suite of APIs and tools for businesses to accept, manage, and scale online payments globally.
What does Stripe provide beyond payment processing?
Stripe offers a wide range of services including:
• Subscription billing and recurring payments
• Fraud detection tools such as Stripe Radar
• Global payment support with multiple currencies
• Financial reporting and analytics
• Marketplace and platform payment solutions
How does Stripe work in ecommerce?
Stripe integrates directly into websites or apps via APIs. It securely collects payment details, processes transactions, and manages settlement to the merchant’s bank account.
Why is Stripe popular with growing businesses?
It provides flexibility and scalability. Businesses can customise checkout experiences, expand internationally, and build complex payment flows as they grow.
What are considerations when using Stripe?
It requires technical integration for full functionality, and pricing is transaction based. Businesses must also manage compliance and optimise payment flows to maximise approval rates.