What is Stripe?
Stripe is an online payment processing platform used by millions of businesses, by large enterprises and startups alike. Its software and APIs allow users to accept payments, send payouts, and manage their businesses online. Stripe’s products power payments for online and in-person retailers, subscriptions businesses, software platforms and marketplaces, and everything in between. Stripe also helps companies beat fraud, send invoices, issue virtual and physical cards, reduce friction at checkout, get financing, manage business spend, and much more.
We at KingIT Solutions also use Stripe to handle our billing, and we connect Stripe to our clients’ businesses as well.
Stripe’s functions
Payments through mobile applications, websites and webshops
Accept payments and move money globally with Stripe’s powerful APIs and software solutions designed to help you capture more revenue. Stripe Checkout dynamically adapts to anyone’s device and location to increase conversion, and supports coupons, tax rates, and more.
Users can create Payment Links to sell online without having a website. A full payment page can be realised in just a few clicks and the link can be shared with the businesses’ customers without a requirement for a code. The same payment link can be shared with many customers and used across multiple channels. The notification of a successful payment can be viewed on the Dashboard or via email, and the funds will be deposited into the business’ bank account.
With Subscriptions, customers make recurring payments for access to a product. Subscriptions require you to retain more information about your customers than one-time purchases do because you need to charge customers in the future.
Stripe’s online invoices are optimised across mobile, tablet, and desktop. 70% of Stripe invoices are paid within 24 hours. You can collect one-time or recurring payments via card, bank transfer, and other payment methods. It’s very easy to add line items, discounts, and tax rates directly to your invoices. Stripe’s APIs help automate invoicing workflows and accounts receivable processes. Email reminders and aging reports can be used to collect unpaid invoices.
With Stripe you can accept all major debit and credit cards from customers around the world. Card payments make up over 40% of global online payments. When you’re using cards for payments recurring payments, refunds and disputes are all supported, and the payment confirmation is always immediate.
Stripe Atlas is a powerful, safe, and easy-to-use platform for forming a company. By removing lengthy paperwork, legal complexity, and numerous fees, Stripe Atlas helps you launch your startup from anywhere in the world. Thousands of founders from more than 140 countries who have formed their companies using Stripe Atlas already, with a best-in-class legal structure that’s built for scale. Stripe Atlas companies have raised more than $2 billion in funding.