Every online business cannot work without a payment gateway, and without one, your company will need a substantial technology stack and a separate payment system, which will take a lot of time to develop.
Stripe is a Payment processor that has conquered the international market since its development in the year 2010.
If your business needs to do online transactions, via credit, or debit cards, choosing stripe is one of the best options when it comes to scaling your business globally.
Most of the world’s largest companies like Amazon or Shopify have chosen Stripe as their trusted payment gateway because of its strong security and availability of the best developmental tools.
Whether you are an online retail store, a B2B platform, or a B2C marketplace, Stripe is going to help you power your business transactions.
Do you want to make money online with Stripe? This article has been written to help you do so with ease.
What is Stripe?
Stripe is a payment processor or gateway that allows your customers to safely and efficiently transfer funds from their credit cards or bank accounts in a variety of currencies.
It also helps them to make both one-time and subscription-based payments and also offers many other additional services, including billing, invoicing, and sales tax automation.
Why do I need a Stripe Account?
Stripe is renowned for its speedy and secure payment processing. In addition, because of its ease of integration and convenience of use, many business owners and developers find it easy to work with Stripe’s platform.
Stripe Payment is designed to handle steps between a customer providing their card information and acknowledging that their payment has been received, and thereby accepted. Here are many reasons why you need a Stripe account.
1. Stripe provides the necessary infrastructure needed to facilitate payments.
Stripe provides businesses with the needed infrastructure needed to build systems that accept online payments globally.
So even if you’re an online or in-person retailer, a subscription business, or a software platform, Stripe comes with all you need.
Also, Strive provides a fully integrated suite that works for both retail and e-commerce businesses.
2. Stripe has a Powerful and easy-to-use API.
Stripe makes the development process more manageable, as it has extensive documentation. Written in clear and lucid language, the developers can easily understand the product and its API.
Moreover, there are many ready-made solutions available (built-in libraries) as well as options for customisation of the Stripe payment gateway.
Stripe comes built with a powerful API that supports various clients and server libraries from React and PHP to .NET and iOS.
Since the custom libraries are available in many programming languages, Stripe allows developers to focus on the core product.
3. Stripe comes built-in with a Technology-first-approach to payments.
Stripe comes built-in with the needed digital infrastructure to accept online payments for all kinds of businesses.
Being a technology-first company, Stripe focuses on releasing new features and improvements every year, helping you stay abreast of industry shifts.
It also deploys its production API 16x per day on average, making them the fastest-improving platform.
The goal of Stripe is to help increase your company’s revenue through intelligent technology-driven methods.
4. Stripe is secure.
Security is one feature that makes Stripe stand out amongst other digital payment providers online. Stripe is SSL (Secure Socket Layer) protected.
What that means is your financial information (credit card details, bank account number, passwords) are duly encrypted and securely transmitted.
In addition to that, Stripe is also PCI (Payment Card Industry) compliant, so you can rest assured that your information is safe and secure.
5. You Have customers around the world.
Does your business have customers all over the world? Stripe can accept payments in more than 135 currencies. It also supports various other payment methods, including Alipay and WeChat Pay, and many more.
6. You can launch a US-based startup from anywhere in the world.
Stripe Atlas comes with a functionality called Strip Atlas to help businesses register their US-based startup from anywhere in the world.
Using Stripe Atlas, you can register a C Corporation in Delaware and open a U.S. business bank account fast and safely.
Stripe makes it easier for founders to obtain a U.S. Employer Identification Number and complete all the necessary legal documentation.
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