Stripe is a payment gateway that makes it easy for you to accept credit card payments online. You can use Stripe with your merchant account or a third-party payment processor.
This tutorial will show you how to set up Stripe on your eCommerce store and how to accept payments in three simple steps: 1) Select the products that you want to sell 2) Select which payment gateways you want to use 3) Enter your personal information so we can create your account that’s it! I hope this post helps!
What is Stripe?
Stripe is a payment gateway, and it’s also a company. It’s important to understand that Stripe is not one thing; it’s many things all rolled into one.
If you want to pay for something online and the company doesn’t accept credit cards, then you need to use Stripe because Stripe will help you process the credit card payment through their system.
Stripe is also part of your business when accepting payments online at your store or website.
For example, if someone wants to buy something from Amazon using Bitcoin (BTC) instead of USD currency, then they would have no other option but to use Stripe because only through this platform can BTC be converted into USD currency which can then be sent back.
How does the payment gateway work?
Stripe is a payment gateway that sends customers’ payments to your bank account.
Stripe works: you sign up for their service, give them your banking details and create an API key (which you’ll use later).
Then, when someone buys on your website through Stripe’s system, they see the option to pay with their existing credit card or debit card details and enter that information into the form.
When they submit the form, they’re taken to a page where they can log in using one of their social media accounts (like Facebook) and approve the transaction. It’s quick and convenient!
Stripe charges 2.9% + 30¢ per successful charge plus more 3–5% for high-risk transactions like PayPal or Square Cash deposits.
They also offer many features, including ACH support for US customers and subscriptions via email invoices, so merchants can manage recurring payments without knowing coding languages or APIs!
Benefits of using Stripe
Stripe is a payment gateway that lets you accept payments online. It’s easy to use, fast, secure and reliable. Here are some of the benefits:
- Easy to set up and use
How to set up Stripe for your eCommerce store
To set up Stripe for your eCommerce store, follow these steps:
- Go to the Stripe website (stripe.com) and sign up for an account by clicking on ‘Sign Up’ in the top-right corner of the screen. You will be asked to create an account profile and enter your contact information, including your name and email address. Then, you must verify your identity by uploading a photo of yourself holding a handwritten note saying: “I agree to the terms & conditions of Stripe” or something similar that you can write on an index card with a pen or pencil.
- After creating your profile, click on the ‘Create Account’ button at the bottom left corner of this page – this will take you straight into your dashboard, where you will find additional information about how all features work together; how much each feature costs per month; what types of businesses can benefit from using it etc…
Stripe makes it easy for you to run an eCommerce business.
Stripe is a payment gateway and platform that allows you to accept credit card payments on your website or mobile app. It’s very easy to use, and there are no upfront fees or commitments.
Stripe provides multiple products:
- Stripe Connect allows you to accept cards in person through your POS system and online (via Stripe Checkout). You don’t need any additional hardware for this!
- Stripe Elements – a set of essential elements (like buttons) that can be used on your site so people know where they can enter their payment information when purchasing something from you through Stripe Checkout.
Introducing Stripe Financial Connections. 🤝🏦
— Stripe (@stripe) May 4, 2022
The last word
Stripe is a payment gateway that allows you to accept customer payments. It’s easy to set up, easy to use, and secure. You can also take payments from customers around the world!
However you decide to integrate Stripe into your eCommerce store, we hope this post has helped you understand how it works and how beneficial it can be for your business.