What is Stripe? And why should I have it in my business

What is Stripe? And why should I have it in my business - BigBuy Academy | Documentación y ayuda técnica gratuita para clientes de BigBuy
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What is Stripe? And why should I have it in my business

Stripe is a payment platform for online commerce which allows card payments without having to contract PST services from a bank.

When creating an account on Stripe, it is necessary to state the bank account number in which you will automatically receive payments automatically from the Stripe account. Funds are withdrawn automatically at certain intervals or manually when you request them.

By implementing Stripe payments for your ecommerce, customers won’t be redirected to an external page as the form for making the payment will appear in your own store. The only thing you need is for your store to have an SSL certificate. When you purchase hosting, you need to request this, and most hosting sites provide them free of charge.

Fees:

Stripe has lower fees than other platforms:

  • Payments with European cards: All transactions have a fixed component of €0.25 + a variable component of 1.4% of the total order amount.
  • Payments with non-European cards: The fixed component remains at €0.25 + a variable part which, in this case, increases to 2.9% of the total amount.

Advantages and disadvantages of Stripe

  • The fees charged by Stripe are lower than those of PayPal, although they are higher than those charged by a bank.
  • There are no fixed fees, like there might be with a bank with RedSys
  • There are also less disputes on Stripe than with PayPal
  • The buyer will remain on your website during the entire payment process
  • Stripe “solo” is available in 26 countries, compared to over 200 with PayPal

How to register with Stripe?

Visit the Stripe registration website and complete all the information they request, don’t forget to link a bank account to receive your payments. They will contact you to confirm the information and to request documents that prove you comply with current tax law.

To install the Stripe module on Prestashop follow the instructions that you will find in the link below:

https://www.bigbuy.eu/academy/en/install-new-module-dropshipping-store/