Since the outbreak of COVID-19, many entrepreneurs have had to go online or retrain. The business market has begun to dictate its rules, so areas not so actively practiced before are now taking the lead. In particular, e-commerce, placing goods in various marketplaces, freelancing, etc., have become very popular and profitable ways to make money. These areas are digitized, so entrepreneurs have many modern tools to improve their work process.
Some of the tools today are various payment systems, payment gateways, merchant accounts, and Internet-acquiring. The number of these tools is so large that there is confusion about these terms, and figuring out what exactly you need is difficult.
What are the advantages of Stripe?
Today, we would like to take a look at Stripe, a service that helps to optimize the process of accepting payments using plastic cards. Actually, this service is positioned and called differently; it can also be considered a payment system. In the market of similar systems, Stripe competes only with PayPal, but the former has many advantages.
- First, it is an international system and meets all global security standards. In particular, it provides a high level of payment protection, as Stripe is PCI certified (the first highest level among all existing payment systems). More details can be found on the website.
- Secondly, this system is ideal for online sales businesses (placing goods on various marketplaces such as Amazon). You can easily integrate it into your page or website and make transfers without problems. When making online purchases, this payment method is extremely popular with customers because they don’t have to go through many steps before ordering a product. The undoubted advantage is the speed of processing and conducting transactions, which will not make you wait long. As a result, you will have satisfied customers who will be pleasantly surprised by the service and repeatedly seek your business’s services.
Withdrawing funds from Stripe is also very convenient and fast. It takes about a week in the early stages, but when the account is verified and actively used, it takes no more than two days. - Thirdly, when you register in the system, you will be amazed at its straightforward and practical use. However, if you look deeper, you’ll realize that Stripe offers many products and features. In addition, you have the opportunity to use its template options or, on the contrary, to expand or supplement the provided products to suit your business. For example, Stripe offers a lot of payment types in different currencies. You can use any card in one of the 135 currencies the system provides and not worry about making a payment.
Other advantages include a fixed price for the system’s services, which its competitors cannot boast of, convenient and detailed reporting functions where you can track sales, focus on international markets, constant functionality improvement, advanced settings, and many others.
The possibilities of Stripe are truly countless. Using this particular service, you can protect transactions from fraudsters, instantly accept and refund funds, and work with a convenient window on the website that does not require switching to separate pages.
Stripe geo-features
Territorial restrictions of its use characterize Stripe. Today, this service can be used by entrepreneurs registered in many European countries and the United States. Of course, your geolocation should be in the country where the service is used, but you can pay for goods and services anywhere in the world. The described payment service is suitable for entrepreneurs who want to establish or plan to relocate their business abroad. In this case, you will not have any problems with the Stripe registration procedure and will be able to enjoy all its benefits.
Thus, Stripe wins over its competitors in many respects, who can freeze funds and ban you. In the eyes of potential foreign customers, your rating will increase significantly if you integrate your business with the described payment service. Finevolution will help you to deal with both business abroad and Stripe.
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