Why Is Stripe Arguably The Best Payment Gateway Ever Constructed?

 Why Is Stripe Arguably The Best Payment Gateway Ever Constructed?

If you need a good, well-priced payment gateway, it’s hard to go past Stripe.

You can't go wrong with Stripe if you're searching for a payment gateway to fuel your ecommerce shop. Here's all you need to know, plus more!

Customers can use cash or a check in a typical payment system to pay for items or services they obtain from your organisation. Those funds can be put immediately into your company's bank account. If, on the other hand, your consumers wish to pay with a credit card or an online wallet, you'll require payment processor software.

Introduction To Online Payment Systems

During the checkout process, a payment processor — also known as a payment gateway – authorises multiple payment methods, allowing for a quick and secure transfer of funds from a customer's account to the business's account. Customers' credit or debit cards, mobile wallets, and purchase now, pay later services can then be accepted by your business. But what exactly is Stripe?

In this blog article, we'll address that question and many more, as well as guide you through Stripe's core features and the top reasons to use Stripe for your online business.

So, What Is Stripe?

Stripe is a payment processor or gateway that enables your customers to safely and quickly send cash in a range of currencies from their credit cards or bank accounts.

It also assists customers in making one-time and subscription-based payments, as well as providing a variety of other services like as billing, invoicing, and sales tax automation.

What's more, if your firm wishes to take in-person payments, you may do so using a Stripe Terminal, the company's point-of-sale system. As a result, Stripe is an excellent choice for both online and offline payment processing.

Stripe's developer-friendly API is very extensive and robust, with a resource-oriented URL and HTTP to control code errors. As a result, Stripe.js' solution is advantageous to developers — but more on that later! 

Stripe is simple to set up and use, with cheap price, and you can use its API to create your own e-commerce business. That's why more and more businesses around the world, from Amazon to Google to Zoom, rely on Stripe to manage their payments and subscriptions.

How Does Stripe Work?

Stripe manages the process of a consumer entering their credit card information and receiving confirmation that their payment has been received — and so approved. Stripe's servicing procedure has also been streamlined for company owners, making it simple to comprehend and navigate.

Stripe removes all of the tedium and hard work out of processing payment systems for developers by delivering a reliable payment infrastructure via a single, developer-friendly API. The API is very simple to use and comes with a variety of libraries and documentation that can be implemented into your e-commerce website.

In addition, the APIs provide explicit expectations for what is achievable and how it may be accomplished. As a result, rather than mastering complicated banking, accounting, and Payment Card Industry (PCI) compliance standards, developers can focus on what they do best: coding.

From the viewpoints of customers and business owners, here’s how Stripe works

1. Stripe will link to your e-commerce site's purchase page when you create a business account.

2. When your consumers are ready to purchase your goods or services, they will select the 'checkout' option and enter their credit card information.

3.  After encryption, the financial information your consumers give is sent to Stripe's payment gateway. Stripe checks to see whether the money are available and acts as a merchant account (with business owners as a sub-merchant).

4. The payment is processed by a credit card network (such as Visa or MasterCard) and then by a bank, which accepts or refuses the transaction.

5. Finally, the confirmation reaches your clients (from the bank through the card network to the payment gateway and finally to the consumer), informing them of the payment's acceptance or refusal.

Stripe will charge you a standard transaction fee for enabling the whole procedure as a company owner. For further details, see the Stripe Pricing section of this article.

Is Stripe Right for Your Business?

Your business will need a large technical stack and a separate payment system if you don't have a payment gateway. This can make the whole procedure difficult to handle.

Stripe is becoming the backbone for internet commerce today, so if your company needs to handle online transactions (through credit or debit cards and mobile wallets), you may use it. Stripe has grown in popularity as a result of its ability to make money transfers simple, borderless, and programmable.

Because of its excellent security and availability of the greatest development tools, several of the world's top firms, such as Amazon and Shopify, have selected Stripe as their preferred payment gateway. Stripe can help you power your company transactions whether you're an online retail store, a B2B platform, or a B2C marketplace.

Here are some of the most obvious advantages of choosing Stripe as your online payment solution.

  • Accepts payments in a timely and error-free manner.
  • Is it simple to set up recurring payments (also known as subscription payments)?
  • Customers and companies are not charged any hidden costs.
  • Provides developers with comprehensive and easy-to-understand documentation.
  • All currencies, banks, credit cards, and wallets are supported.
  • Customers may get an informative UI with graphs and charts.
  • Customers get a more smooth checkout experience.


Stripe is adding support for payments in the USDC stablecoin on the Polygon blockchain. It will be available through Stripe Connect and Twitter will be the first company to test this service out.


Benefits of Using Stripe

Stripe is known for processing payments quickly and securely. Furthermore, many business owners and developers find Stripe's platform to be simple to deal with due to its simplicity of integration and ease of usage.

Here are a few more compelling reasons to choose Stripe as your online payment system.

✔️ A fully integrated suite of payments products

Stripe gives you and your engineers everything they need to create systems that take online payments all around the world. Stripe gives you a completely integrated suite of payment solutions whether you're an online or in-person merchant, a subscription business, or a software platform.

That is to say, Stripe provides both credit card processing and payment gateway services. Strive delivers a completely integrated suite that works for both retail and e-commerce firms by supporting countertop credit card terminals and point-of-sale systems.

✔️ A powerful and easy-to-use API

Stripe's robust documentation makes the development process more straightforward. Developers can quickly comprehend the product and its API since it is written in plain and straightforward language. Furthermore, there are several ready-made solutions (built-in libraries) as well as customisation choices for the Stripe payment gateway.

Stripe also has client and server libraries for anything from React and PHP to.NET and iOS. Stripe allows developers to focus on the main product because the custom libraries are accessible in a variety of programming languages. As a result, they won't have to develop any more subprograms in the initial codebase to incorporate Stripe's API.

✔️ A technology-first approach to payments and finance

Stripe optimises every part of the financial stack, from direct interaction with card networks to monitoring checkouts at the conclusion of the purchase process. Stripe, as a technology-first business, focuses on providing new features and upgrades every year, allowing you to remain on top of industry changes. They deploy their production API 16 times per day on average, making them the platform with the quickest rate of improvement.

Stripe's system also has a 99.9%+ uptime and is extremely scalable, in addition to conforming to the strictest compliance standards. Stripe's mission is to help you grow your business by using innovative technology-driven solutions.

✔️ A complete set of security features and customisation options

Stripe is secured by SSL (Secure Socket Layer). That means your financial information (credit card numbers, bank account numbers, and passwords) is properly encrypted and delivered securely. Stripe is also PCI (Payment Card Industry) certified, so you can rest easy knowing that your information is safe and secure.

Stripe, in addition to offering a solid set of security safeguards, also provides a broad variety of developer tools and APIs, as stated in their documentation. You may take full use of these capabilities and profit from the vast selection of modification choices available if you have some coding and testing expertise.

Stripe's payment gateway is used by a lot of big organisations for their online transactions. Stripe was chosen over alternative payment gateway providers by companies such as Twitter, Reddit, Pinterest, Salesforce, Wired, TED, Shopify, Zoom, Slack, and many others. According to Stripe's official website, millions of companies have been devoted consumers for years.

Stripe's customers range from start-ups to Fortune 500 companies, and the company handles billions of payments for small and large businesses each year. That means Stripe is the fastest-growing payment platform, with market-first features to match your business's requirements. Stripe provides a solid platform regardless of the type of business you run – marketplace, SaaS, e-commerce, B2B, or B2C — without requiring you to spend months on integration and customization.

A Minor Consideration

Now that you've learned everything there is to know about Stripe, there is one more point to ponder.

Let's say you wish to incorporate Stripe into your online store or expand the functionality of your current platform. To manage such activities, you'll require the requisite technical resources (developers or testers). Even though Stripe's documentation is rather easy, you'll need to perform some code to put everything together. However, as payment gateways demand some support from developers, this tiny concern is not actually Stripe's disadvantage.

Stripe's API, in summary, is ideal for firms with developers who can create a customised online e-commerce experience. Companies with limited technological resources will, however, have to pay extra for a separate e-commerce solution.

Stripe’s Pricing Model

Stripe is an excellent online-only credit card processor with competitive prices. Stripe's pricing website, which provides tailored solutions for businesses of all sizes, has further information.

Final Thoughts

Stripe might be an ideal solution if your company has an e-commerce sales channel and you want a technology-first payment gateway with strong security. If your firm has a dedicated team of developers, they can assist you in getting the most out of Stripe's developer tools and customising Stripe to meet your specific business needs.

You may use Stripe's services to establish your online payment infrastructure in minutes, but first you need figure out if your organisation requires Stripe for payment processing. Stripe might be an expensive alternative for certain small enterprises or bootstrapped start-ups. Stripe provides a variety of services, but you might not utilise all of them. So think about the advantages that Stripe has to offer – and then make your decision.


credit: Webo Digital