Stripe is a payment processor, which support the electronic transfer of money from a customer’s bank (issuing bank) into a merchant’s bank (acquiring bank) as payment for goods or services bought with a credit card.
Stripe is known for is their industry-leading developer tools, which allow business owners to integrate and customize their payment processing solutions using a variety of different programming languages.
Stripe offers payment processing software and application programming interfaces for e-commerce websites and mobile applications
Stripe is a third-party payment processor, which process credit card transactions from a portfolio of different businesses into a single merchant account (an account used to accept credit card payments). Stripe also provides their own payment gateway within their payment platform, which is a software application necessary to accept credit card payments online.
Stripe to accept most payment types, including Visa, MasterCard, American Express, Discover, and several different foreign credit card networks, along with mobile wallets like Google and Apple Pay.
Among the tools and methods Stripe provides to accept payments are:
- Stripe Elements: A custom UI toolkit that allows merchants to build their own custom payment form for desktop, tablet, or mobile.
- Embeddable checkout: An embeddable payment form for desktop, tablet, or mobile that works within your website.
- In-Person payments: Although physical payments aren’t Stripe’s bread-and-butter, they offer a host of different mobile card readers and terminals that allow you to accept credit card payments in person. Furthermore, Stripe provides you with the development tools to build your own point of sale (POS) to integrate with your hardware.
- Invoicing: With Stripe Billing, you can send custom invoices and request payment from customers, including ACH payments. Stripe Billing also allows you to create recurring, usage-based, tiered, promotional, and scheduled payments.
- Stripe Sources: The Sources application-programming interface (API) allows merchants to accept payment methods from all around the world with a single integration. Supported payment methods include Alipay, Bancontact, and Giropay. You can also use Stripe.js to build your own checkout form with their set of APIs.