Is Stripe a good merchant account?

 

Introduction

Stripe is a payment processing service that makes accepting payments simple and affordable. Stripe has become the payment processing platform of choice for many eCommerce sites, thanks to its ease of use and powerful features. If you're looking to accept payments online with Stripe, here's what you need to know:

Stripe is a top-rated payment processing service with a number of features that make it attractive to merchants.

Stripe is a top-rated payment processing service with a number of features that make it attractive to merchants.

• Stripe has a 4.8 star rating on TrustPilot, and it's been rated one of the best places to work by Glassdoor.

• G2Crowd gave Stripe an overall score of 4.5 stars out of 5, praising its easy setup process and excellent customer support team.

• Capterra gave Stripe a score of 5 stars out of 6 for ease of use, security measures, pricing structure (which varies depending on volume), and features available at different price points (from free all the way up).

Stripe's fee structure is one of the most transparent in the industry.

Stripe's fee structure is one of the most transparent in the industry. Unlike some other processors, Stripe does not hide its fees or charge penalties for non-compliance. Stripe charges 2.9% + $0.30 per transaction plus $0.0015 per successful chargeback that happens on your account. This is a flat rate regardless of your monthly revenue or merchant volume (how much you sell).

Stripe also offers a number of features that help you reduce your overall cost per sale even further:

Payments in your account arrive every morning at 9 AM Pacific time.

When you're ready, payments in your account arrive every morning at 9 AM Pacific time. Payments are sent by Stripe, not your customers. You can view the amount of each payment and its details on the Payments page of your Dashboard.

The Stripe system will automatically calculate the correct amount due based on what was sold and when it was sold (the date). The amount will be sent in US dollars; there's no need to convert currencies yourself or worry about exchange rates!

Stripe has no setup or cancellation fees, no minimums, and no hidden fees or penalties.

Stripe has no setup or cancellation fees, no minimums, and no hidden fees or penalties. That's not to say you won't pay a small fee for each transaction: Stripe charges 2.9% + $0.30 per sale on all transactions processed through their platform. This is actually one of the lowest rates among competing providers--and it's still higher than what you'd pay if you were processing payments yourself via PayPal or another payment gateway service like AuthorizeNet (which charges 1% plus $0%.10 per transaction).

You can try Stripe for free for 30 days without any commitment.

Stripe is a good merchant account because it's free to try for 30 days and you can cancel at any time.

If you're at all concerned about committing to a new provider, Stripe provides an excellent solution. You can try its services for free for 30 days without any commitment required. If you decide that Stripe isn't right for your business or if there are other reasons why it won't work out, then simply cancel before the trial period ends and pay nothing at all!

This makes it easy to test out Stripe's features without risking anything more than an hour or two of setup time (which should be well worth it). And if things go well with Stripe during those 30 days? Then keep using them!

There are no hidden costs, and there are no long-term contracts required.

Stripe has no setup or cancellation fees. You can start with Stripe and cancel at any time, without penalty.

Stripe also has no minimums on transaction volume, so you don't have to worry about meeting high sales goals to keep your account active.

Stripe does not charge hidden fees or penalties for any services they provide; all pricing information is clearly listed on their website, including what's included in each plan level (e.g., monthly subscriptions) as well as any additional charges that may apply during checkout (e.g., fraud prevention).

The platform is easy to use, with an intuitive dashboard that shows you how much money you've made at a glance.

Stripe is easy to use, with an intuitive dashboard that shows you how much money you've made at a glance. The platform also has several features that make it simple for merchants to track their daily sales and expenses.

Stripe's dashboard is divided into two sections: one for your current balance, and one for transactions. The transaction section allows you to see all incoming payments and outgoing refunds--which are clearly labeled as such--by date range or individual transaction amount (if there were multiple payments). You can also view details about each transaction, including who paid via Stripe, the type of payment method used (e-commerce), whether the charge was successful or declined due to insufficient funds in said customer's account; whether they opted in for automatic recurring charges; what currency conversion rate was applied when processing this particular sale; etcetera.*

Stripe supports over 130 different currencies worldwide, so you can accept payments from around the world with ease.

Stripe supports over 130 different currencies worldwide, so you can accept payments from around the world with ease. Stripe will automatically convert your customer's payment into their native currency and deposit it into your bank account in the currency of your choice.

You can set up multiple currencies per account, which allows you to charge customers in their local currency while still receiving funds in USD (or any other supported currency). For example: If a Canadian customer wants to pay $100 for something through your Stripe account, Stripe will automatically convert those funds into CAD at an exchange rate determined by their risk policy algorithm that factors things like market volatility and liquidity levels before making the conversion. This means if a sudden shock hits global markets later on down the line then there could be some fluctuations between when we receive these converted funds versus when we originally processed them (but it shouldn't be dramatic).

Stripe makes accepting payments easy and affordable

Stripe's pricing structure is simple and straightforward. There are no setup or cancellation fees, no minimums to meet, and no hidden fees or penalties if you don't meet certain sales goals. Stripe also offers a 30-day free trial so you can test out their service before committing to anything long term.

Stripe supports over 130 currencies (including the US dollar) which means that your customers will be able to pay with their preferred currency when they checkout on your website or app! This helps keep things simple for everyone involved in the transaction process - especially if you're selling internationally where currency exchange rates can vary dramatically depending on where someone lives in relation to yours!

Conclusion

If you're looking for a way to accept payments online, Stripe is an excellent choice. The platform has all the features you need and then some, with no hidden fees or penalties. It's also very easy to use: just set up an account, add your bank account information, and start accepting payments right away!

Read more Stripe Vs Merchant Account