Stripe Payments Review Australia
Customisable payment solutions designed for online businesses.
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Stripe offers technology-driven payment solutions for online businesses looking to offer a range of payment options to their customers. Stripe's offerings suit businesses looking to accept payments from a smartphone app, those wanting to customise their own custom checkout flow and those wanting to optimise for a global payment setup. Find out more about Stripe's offerings to decide if it's right for your business in this review.
- Online businesses
- Global businesses
- Businesses wanting a mobile payments solution
- Retailers wanting customisable payments solutions
Not suited for
- Businesses that want to offer PayPal
How can you accept payments with Stripe?
Stripe offers payment solutions for online businesses, with additional options for those businesses to accept payments in-person. Here are some of the options available:
- Create your own checkout. Stripe Elements are pre-built components that you can use to create your own checkout for desktop and mobile. You will have control of how your checkout looks while benefiting from the security features that Stripe offers. Other features include real-time validation so that form errors are caught early, dynamic form localisation based on the card's country, responsive design and autofill.
- Embeddable checkout. Stripe also offers an embeddable payment for desktop, tablet and mobile devices. You will be able to embed it within your site without customers being redirected away to complete their transaction. Checkout is continuously monitored by Stripe and will be updated to optimise conversion rates and customer flow.
- In-person payments. You also have the option to accept payments in-store with mobile readers and countertop readers. These are SDKs designed for developers that let you create a custom checkout for your store.
Features of Stripe payments
There is a range of features that come with Stripe payments that can benefit online businesses, including:
- A wide range of payment options. Stripe allows your business to accept Visa and Mastercard debit and credit cards as well as American Express. You can also let your customers check out with digital payment wallets such as Alipay, Apple Pay, Google Pay and WeChat Pay, which is in beta.
- Currencies and subsidiary support. You can process and display prices in a customer's preferred currency (over 135 are available). You're also able to set up local Stripe accounts to maximise acceptance rate and no FX or cross-border fees for customers.
- Fraud reduction. Stripe Radar is fully implemented with your payments and uses machine learning to identify and prevent fraud. For example, it offers real-time fraud insights and has "trust" and "block" lists support.
- Dispute handling. The dispute handling process offered by Stripe works directly with the card networks. Stripe will submit evidence most likely to help your business win based on the type of dispute and associated network rules.
- Choice of reporting. You have the option of using Stripe's built-in reporting or creating your own reports using the API. Built-in reporting includes a monthly report, a transfer report and a transaction-level balance breakdown.
- Payout management. You can choose whether you receive your payouts weekly or monthly.
- Stripe dashboard. The Stripe dashboard lets you view all of your data, customers, plans, balances and more. You are also able to export data, receive real-time reporting and analytics, review possibly fraudulent charges and initiate refunds. You're able to tailor data access for your team to make sure everyone has appropriate permissions.
- Third-party integrations. Stripe is able to integrate with multiple third-party integrations including InstaPayments, WP EasyCart, WP Forms and WooCommerce. See Stripe's website for a full list.
How much does Stripe cost?
Stripe offers two main types of accounts: Pay As You Go and Enterprise.
Pay As You Go
This option allows you to sign up online and only pay for what you use. Here's how the pricing works:
- No set-up or monthly fees
- Real-time fee reporting
- 1.75% + 30 cents for domestic cards
- 2.9% + 30 cents for international cards
- 2.9% + 30 cents for Alipay and WeChat Pay (activate these from your dashboard)
- $25 for a disputed payment, such as a chargeback, unless the bank resolves the dispute in your favour.
This is a customised option organised through Stripe's sales team. It's designed for larger online businesses and includes:
- Account management
- Migration assistance
- Volume discounts
- Dedicated support
A bit about Stripe
Stripe was launched in 2011 and has headquarters in San Fransisco. It sees its mission as increasing the GDP if the Internet by building its economic infrastructure. Stripe is currently being used in over 12 countries by millions of companies, including startups and large companies such as Salesforce, Uber, Spotify and Kickstarter. It has over 1,500 employees and has offices in Dublin, London, Paris, Singapore, Tokyo and more.
How do you sign up with Stripe?
If you want to sign up for the Pay As You Go option, you can create an account online. You'll need to enter your email address and full name to create a Stripe account and get started. Once you have an account you will need to use Stripe's API or pick an app and then you will be able to start accepting payments within minutes. If you want an Enterprise account you will need to submit your information to get in touch with Stripe's sales team.
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