Stripe is San Francisco based payment gateway that simplifies the payment processes for online merchants and retailers. The project is considered an initiative by shoppers as well as businesses who found Payment process being too complex forday to day use. Primarily designed for US and Canadian Clients, the API handles everything from online payment, storing cards, subscriptions, and direct payouts to your bank account.
The API allows the developers to build their own payment forms avoiding PCI requirements and accept payments by using minimal coding. The firm charges a flat fee of 2.9% + 30 cents for every transaction without any hidden charges.
Unlike the popular payment processing API’s that pushes shoppers to a separate webpage, Stripe operates in the background. This allows online retailers to customize the entire shopping experience for customers.
The market for online transactions is huge and continues to grow at a vast rate, and a friction free transaction is essential to any business website. Stripe also offers plenty of security for the information, you don’t have to worry info theft or waste time on learning online payments security. To clear any scepticism on Stripe payment API it is backed by Paypal co-founder Peter Thiel and Tesla CEO Elon Musk and many others. With more than 100, 000 developers, Stripe is one of the fastest growing payment API.
Features of Stripe API Payment Processor:
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