Stripe
Stripe is a relative newcomer to the online payment system scene, starting life in 2010 under the name /dev/payments. It became a big success very quickly, receiving multimillion dollar investments from many sources, including three original co-founders of PayPal. But unlike PayPal, Stripe is an integrated system, predominantly designed with programmers in mind. Web developers can add this online payment processing into their website coding without having to create and manage a Stripe account, meaning less external maintenance. As a result, Stripe has focused on making its software as quick and easy as possible to integrate. The features section of their website offers an instant installation test example for developers working with scripting languages curl, Ruby, Python, PHP, Java, Node, or Go. To further simplify life for web designers, Stripe has an attractive checkout design built in. It’s easy to use, is visually striking, and means that coders don’t need to spend time creating their own checkout function. Stripe focuses on global payments and has excellent storage functions for saving customer details like card numbers, making it perfect for subscription processing and other types of recurring payment. Here are Stripe’s features in summary:
- ‘Clean, composable, complete’ APIs
- Designed for developers with easy integration
- Simple but stylish built-in checkout design
- Scalable for businesses of all sizes
- Subscription APIs for recurring billing
- Global payments
- PCI Service Provider Level 1 certification for security
Stripe is designed to control your whole payment system, handling credit card and debit card payments as well as ACH and Bitcoin transfers. Its standard pricing structure takes a percentage cut of 2.9% per successful debit or credit card charge, plus an additional 30 cents. Fees are reported in real time, and big business enterprises can contact Stripe directly to negotiate better rates.
Advantages: designed for developers; handles all types of transaction; very secure; easy to integrate