On this website, all financial transactions, (credit card payments etc) are handled by Stripe. Stripe is an online payment processing and credit card processing platform for businesses. Millions of businesses of all sizes—from startups to large enterprises—use Stripe’s software and APIs to accept payments, send payouts, and manage their businesses online.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
When a customer buys a product online, the funds need to be delivered to the seller; Insert Stripe. Stripe allows the safe and efficient processing of funds via credit card or bank and transfers those funds to the seller’s account. Stripe’s software includes both a payment processing platform, as well as a credit card payment gateway, and both are required in each successful online transaction– making it the most efficient and simple software to choose for online payments.
Stripe has simplified the process of their service for business owners so it’s easy to understand and navigate.
The Stripe Payment Process:
- Stripe software is connected to the purchasing page of the shop.
- Once a customer is ready to purchase an item or service and ‘checkout’, they input their financial information on the purchase page.
- The information is then be sent from the website, through the Stripe software that will verify that the funds are available (payment gateway) and process the payment before sending it to the merchant account.
- The merchant receives the funds, and a confirmation of sale is sent to both the buyer and the seller.
Stripe protects from fraud
If an error occurs in the payment process (i.e. inadequate funds in the buyer’s account) Stripe will reject the transaction and the customer is notified to use a different payment method.
Stripe also monitors for fraudulent transactions and will automatically block any transactions
Using Stripe to handle all financial transactions on this website is the best way I can find of ensuring your details and transactions are secure. if you have any concerns or further suggestions please contact me.