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Stripe is a third-party payment processing service that allows it easier for businesses to accept online payments directly from clients. It facilitates the transfer of funds electronically typically via card networks like Visa or MasterCard that are linked to a client’s account to the merchant’s account to pay for the goods or services that they purchase using their card.
Stripe was established by two brothers from Ireland, John, and Patrick Collison in the year 2011. It has offices in 14 countries around the world and its headquarters are located in San Francisco. Stripe is a relatively recent service that provides customers with some benefits of PayPal it allows for immediate transactions from accounts and is less restrictive than similar services such as Amazon Pay.
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Stripe is a platform developer can use to work. Here are the advantages of having an old account:
- With Stripe it is possible to integrate with a myriad of payment systems. This includes everything from eCommerce to software for invoicing. Additionally, you will be able to make financial reports as well as synchronize your data to the accounting program you use.
- Stripe provides you with a fraud protection program that is more secure than the standard brand. With Radar their system can detect patterns across every business which operates online, to stop the purchase of products that are fraudulent. The interface also lets you include the additional level of security by utilizing 3D Secure.
- Stripe helps more than four thousand startups across 150plus countries. It can support 130+ currencies and can instantly convert these currencies without any additional steps on your part.
- Stripe has an account that comes that does not charge any start-up and cancellation fees, nor maintenance or renewal charges. They also offer a reduced price for non-profit organizations and offer a payment plan for businesses handling small-sized payments.
- The platform provides 24/7 support with a variety of options to assist you in getting the most value from your account. They also offer extensive documentation as well as a variety of instructions that are helpful for those who are new to the platform.
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Stripe is a third-party payment processor that supports crowdfunding platforms, and eCommerce stores along with subscriptions and other services. It’s secure and convenient for users, however, it could not be as effective If you’re not able to verify your business to accept payments from America.
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