Updated on 19 November 2023

Stripe Review

Item: Stripe
Rating: 4.8
Author: The Logician

Stripe is a well-known name in the online payment industry. Learn everything you need to know about it and see if you like it via this Stripe review.

Updated on 19 November 2023

4.8

Compatible With a Wide Range of Payment Methods and Currencies
Large Stripe App Marketplace
Round-The-Clock Support via Multiple Channels

Starting From

$0/free

Get Started

Recommended: Feature-Rich Platform

If you’re looking for a payment method that offers a wider range of payment options, solutions, and features, then Stripe is the right option for you. Stripe comes with a variety of solutions, such as online payments, checkout, no-code payments, subscription management, online invoices, in-person payment, and much more.

Cost	Fees Start at 2.9% + 30¢ Per Card Charge, $0 for Standard Stripe Connect, $2 for Stripe Express
Minimum Balance Required	$0
Support	Support Is Available 24/7 via Live Chat, Email, Phone, Support Center, Support Plans, Guides
Security	AES 256-Bit Encryption, Vulnerability Disclosure, Single Sign-On (SSO), PCI Level 1 Compliant, GDPR Compliant
Cashback	1.5%

Boost Your Online Store with Stripe

The checkout on your online store needs to be straightforward. But how can you do this? Do you need coding knowledge? Of course not! If you struggle with simplifying and securing the transactions of your consumers, I might have the right solution for you.

Stripe is a payment method platform that offers many robust solutions for your e-commerce business. More precisely, it comes with a variety of solutions, such as online payments, checkout, no-code payments, subscription management, online invoices, in-person payments, and much more.

That’s why I decided to put together my Stripe review, in which you’ll learn more about the company and its features, pricing, security, ease of use, customer support, third-party integrations, and reputation. Also, you’ll find a pros and cons list, as well as recommendations about who should use Stripe.

I guess you’re impatient to see whether this payment method is the right one for you, so let’s begin!

Stripe At A Glance

Stripe represents an online payment processing solution that works with several payment options in many different currencies. Due to this, it is one of the best choices for e-commerce businesses that want to sell their products and services globally.

Note

Currently, Stripe is available in 43 countries and accepts more than 135 currencies. The currencies you can use depend on the country of the Stripe account where the charge is detected.

Online retailers have used Stripe since 2010, when it was first launched. Since then, the platform has been doing everything in its power to satisfy millions of individuals and companies from different industries. More precisely, there are over 3 million active websites with Stripe as their payment method and over 2 million users.

This is because Stripe accepts payments, sends payouts, automates financial processes, and helps you grow revenue.

Important

Some of the largest companies that utilize Stripe are Google, Slack, Zoom, Shopify, and Amazon.

What makes this payment method so amazing is that it allows your online store to implement various payment options, such as:

Cards
Wallets
Bank debits and transfers
Bank redirects
Buy now, pay later
Cash-based vouchers

Warning

Stripe is a versatile platform that also supports additional payment options. These are just the most commonly used ones.

Now that you are more familiar with Stripe, I think it’s time for the next part of my review!

Stripe Features, Pricing, & More

When making the final decision about one payment method, you need to take into account a few essential aspects, such as features, ease of use, security, pricing, third-party integrations, customer support, scalability, and reputation.

All of this contributes to the overall performance of the payment method platform, which will significantly ease your online store checkout process.

Best Payment Platforms

As society and technology evolve, payment platforms evolve with them. Check out this article to find the best payment gateways you can use today!
READ THE FULL GUIDE

2.

Payoneer

Payoneer

1.

Stripe

Stripe

3.

Wise

Wise

READ THE FULL GUIDE

So, let’s get better insights into the most vital aspects of Stripe!

Features

What makes one platform work as it’s working are its features. Luckily, Stripe is mostly recognized as a feature-rich payment method that comes with numerous options. If you opt for this platform, you will benefit from a prebuilt payment form, UI components, payment links, invoicing, and many more features.

Note

The features below are those that I consider the most important. Keep in mind that Stripe has a lot more features.

Here is a brief explanation of the best Stripe features!

Prebuilt Payment Form: Stripe’s best feature is the prebuilt payment form. Due to this, you will be able to reduce churn and improve the checkout process by implementing some of Stripe’s prebuilt templates and elements. In other words, Stripe basically allows you to tailor the checkout page according to your needs and target audience preferences.

Note

You can put the checkout on your site or put it as a link to the chosen payment option’s page.

Payment Link: As the name implies, the payment link feature lets you create a URL that will lead your potential consumers to your online store. Your customers can find the link on social media or their email (if they subscribed to your campaign) and directly reach the product they’re considering. This feature boosts the successful payment rate and increases your sales revenue.

Best Email Marketing Tools

Email marketing can be very effective if done right. To do it right, you can use one of the email marketing tools mentioned in this article!
READ THE FULL GUIDE

2.

Constant Contact

Constant Contact

1.

Ongage

Ongage

3.

MailerLite

MailerLite

READ THE FULL GUIDE

Invoicing: Stripe comes with an invoicing feature that helps you make big transactions more easily. You will be able to send invoices and request payments from your consumers without any struggles. On top of this, the feature works similarly to a website builder. More precisely, you can create an invoice that best fits your brand and add various payment terms and options. Due to this, your consumers will be able to choose the payment option with the lowest fees.

Best Website Builders

Want to create a stunning website that will launch your online business to new heights? You can use one of the website builders mentioned here to do so!
READ THE FULL GUIDE

2.

Wix

Wix

1.

Shopify

Shopify

3.

Divi

Divi

READ THE FULL GUIDE

UI Components: Stripe’s user interface components are basically the elements you can add to your checkout page. Thanks to them, you will be able to create a payment form or invoice that will match your brand and will cater to the needs of your target audience.
Stripe Terminal: With Stripe Terminal, you can integrate in-person payments into your online payment setup or vice versa. It comes with customizable features that make it the perfect choice for online businesses that tend to expand to brick-and-mortar stores.

Warning

This feature requires coding knowledge.

Ease of Use

Stripe is a very user-friendly payment method that has a neat interface and a simple setup process. More precisely, you just need to create an account by providing your name, email address, and information about your business and bank account.

After that, you will be able to navigate through the sleek dashboard and find any of its fantastic features that will boost your profits and simplify the payment process.

Warning

Stripe may not be suitable for beginners who lack coding skills.

Security

If you doubt whether your transaction details and confidential data will be safe, I assure you that Stripe is the right payment method for you. This is because the platform comes with robust security measures, such as AES 256-bit Encryption that prevents unauthorized access, Vulnerability Disclosure, and Single Sign-On (SSO).

Besides these features, Stripe is also PCI Level 1 Compliant and GDPR Compliant. As a result, you can be sure that the platform won’t misuse your bank account and engage in fraudulent activities.

Customer Support

Stripe comes with a pretty wide range of customer support options. In fact, it offers 24/7 support via live chat, email, phone, support center, support plans, and numerous guides. Of course, I decided to put its support to the test.

I was quite surprised when the expert team responded immediately. Also, the agent that I spoke to was very friendly and had a high level of knowledge.

Scalability

Stripe might not have various pricing options, but it indeed has enough features for your needs. Thanks to the broad range of features and resources, you can enjoy one highly scalable platform that will drive your business toward success. In other words, Stripe will support you no matter how much you grow.

Note

You can even create a customized package for fulfilling all of your business needs.

Third-Party Integrations

If you have partners and you want to streamline the payment process, you can easily do that with Stripe. The payment method works with third parties and allows you to integrate it into other apps and platforms for easier money transfer and checkout procedures.

Pricing

Overall, Stripe allows you to start for free and create an account without paying a cent. However, the platform imposes transaction fees that start at 2.7% plus 5 cents. However, the transaction fee depends on the payment option you decide to use. So, here’s how much additional charges you may have:

E-commerce: 2.9% + 30 cents
Card-present: 2.7% + 5 cents
Keyed-in: 3.4% + 30 cents
Touchless: 2.9% + 30 cents
Tap-to-pay on mobile: +10 cents per authorization
Virtual terminal: 2.9% + 30 cents
ACH: 0.8%, $5 cap

Warning

Since June 2023, Stripe no longer refunds the chargeback fee of 1.5%

Reputation

Stripe has built its reputation with its hard work over the 13 years of presence on the market. Today, it has established a fantastic reputation among users, who claim their business gained more profits and experienced simple payment options.

Tip

Always read expert and user Stripe reviews from people in your business area so you can get the best feedback about the platform.

Stripe Pros & Cons

Best for

Easy scalability
Straightforward checkout process
Customization options
Implementation of various payment options
Pretty low transaction fees
Numerous next-level features
Automated workflow
Integration with other apps
Many support channel

Not good for

Doesn’t refund the cashback rate
Requires coding skills for some features
You may not receive your funds immediately

Stripe Standout Features

As you already learned, Stripe is a feature-rich platform. That’s why it comes with additional features that help it stand out from the crowd. So, are you ready to see its unique features? Let’s have a look at them together:

Stripe Radar
Stripe Identity
Data Pipeline
Revenue Recognition
Sigma

Who is Stripe Best For?

Stripe may seem like a payment method for everyone, but that’s not exactly the case. This platform can be a bit complex for beginners, so I decided to point out who Stripe is best for:

Individuals with decent coding expertise
Businesses looking for customizable checkout options
Enterprises that want to create a tailored payment process
E-commerce businesses that wish to provide high-end security measures to their customers’ transactions

Conclusion

Having an online store requires much more than just creating a website. In fact, how simple the checkout process is plays a huge role in your sales revenue. That’s why Stripe is the perfect solution for this problem.

With Stripe, you can ensure that you’ll have a top-notch payment process that will contribute to a seamless user experience and highly protected transactions. And how wouldn’t it? Thanks to its many features, you can customize the checkout page according to your business needs and target audience preferences!

Best By The Logician

Discover my personal recommendations in my Best By section, ranked in quality according to my experience with the products.

Best By The Logician

Get Started

Frequently Asked Questions

Stripe is an online payment processing and commerce solution that helps different businesses simplify the money transfer and checkout process for their consumers. However, it also brings benefits for the business owners.

Stripe works by following a few straightforward steps. First, the customer shares card information. Then, they must choose the preferred payment gateway. After that, Stripe sends the data to the business owner and the bank proceeds with the payment within two days.

Stripe accepts many payment options, such as traditional and more modern ones. More precisely, it accepts credit and debit cards, online wallets, bank transfers, bank redirects, Buy Now, Pay Later, cryptocurrencies, and vouchers.

No, Stripe is not expensive. In fact, you can use it for free. The only charges you will need to pay are the transaction fees that start at 2.7% plus 5 cents and the cashback fee of 1.5%.

Yes, Stripe has a cashback fee. This is an additional charge of 1.5%, and, unfortunately, since June 2023, the cashback fee is non-refundable.

Yes, Stripe’s customer support is available at any time. This means that you can contact them via live chat, email, or phone 24/7/365. Besides these channels, there is also a help center and how-to guides.

Yes, anyone can use Stripe. However, Stripe may not be suitable for beginners in some situations because some of its features require coding skills.

get started

The Logician

Trademark of a Living Legend

Stripe Review

4.8

$0/free

Recommended: Feature-Rich Platform

Frequently Asked Questions

What is Stripe?

How Does Stripe Work?

What Payment Options Does Stripe Accept?

Is Stripe Expensive?

Does Stripe Have a Cashback Fee?

Is Stripe’s Customer Support Available at Any Time?

Can Anyone Use Stripe?

The Logician

Related Products

$0/free

$0/free

$0/free

$0/free

$0/free

$0/free

$0/free

$0/free

$0/free