Customers need options from online stores, and it’s not just about the products on offer. Online payments have always been a shaky subject, and if customers have the option to choose their preferred payment method, they’re going to be more inclined to use your service than go to a competitor. There is no limit to the number of online payment methods on the market today, but Stripe has the edge in online payment processing.
The Features
Your website needs to accept credit cards easily, and here are some of the features of Stripe that other companies like PayPal may not have:
- Easy to use
- Built-in reporting of finances
- More than one payment method (credit card, bank transfer, etc.)
- Refund handling
- Easy to understand fees
- Invoice options
- Security
Stripe gives your customers more choice of payment methods, including digital ones like Apple Pay. This makes it easy to invoice and set up recurring payments, too. The pricing policy is easy to understand, and the rate varies from country to country, so check on yours before you use it.
With Stripe, security is a big deal; there is no information stored directly on your website but is sent to Stripe directly.
Stripe Vs PayPal
Everyone has heard of PayPal, but not everyone knows that their fees aren’t as transparent as Stripe’s are. Paypal also falls short in the act that their data export isn’t easy, so switching to a different payment processor isn’t easy.
Choosing Stripe over PayPal could change the face of your business. Don’t you want to give it a go?