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The transition from brick-and-mortar to powerful e-commerce stores happened quickly. Many online businesses struggled in the early 2000s because credit card companies and banks operated using older business models. In 2010, it disrupted the payment industry. Stripe began as an online platform designed specifically for e-commerce. Their goal was to streamline the online payment process, and their continued growth is a testament to their success.
Although Stripe provides a wide range of payment options to businesses, the company is not a payment processor. Stripe is an independent sales organization. Stripe acts as an intermediary between merchants and banks, credit card companies, and other financial institutions instead of processing payments.
Forming a direct connection between a merchant and a payment processor involves a complex approval process. Stripe has already done the heavy lifting of starting a relationship with several processing entities. Stripe bundles its merchant clients under its company account. With this arrangement, the merchant has almost instant access to the most prominent payment processors.
As online commerce has grown, Stripe Payments has increased its payment options. The company started by enabling online credit card payments. Today, merchants can use the platform to accept digital wallet payments like Apple Pay and Google Pay, automatic payments and payments in over 135 different currencies.
Online businesses come in many sizes. Stripe provides several options to access the payment features of the platform.
A business with a simple model can use Stripe’s standardized payment page to start collecting payments with a minimum of development. However, to provide a comprehensive, secure, and irresistible checkout experience for customers, custom development is the best option.
Suppose online businesses want to offer smooth and fast payment solutions with Stripe. In that case, custom development can help create a satisfying checkout experience that will reduce the cart abandonment rate.
Quick Fact: Stripe made it easy to create an elementary credit card form; however, during the last few years, due to the rapid growth of e-commerce, Stripe fully enhanced its checkout process from loading times to animation to prove an improved customer experience.
For a more customized experience, Stripe Elements provides the tools to create unique payment forms for websites, enhancing any website functionality and user-friendliness.
Some businesses have both in-person and digital stores. Stripe Terminal lets a merchant use the same account to take both digital and physical payments. Chetu’s Stripe development team will help a merchant develop an attractive user interface with an integrated backend.
Quick Fact: A token is created client-side and sent to the server. A charge is then created server-side using that token. In 2015 Stripe added ACH Debit and Bitcoin, Chetu can seamlessly integrate any payment method to the API.
Advanced integration tools are one of the reasons for Stripe’s popularity. The platform includes several third-party integrations that make fast connections with popular productivity, accounting, and CRM software solutions. However, a professional developer can increase Stripe’s functionality by creating a custom integration with the platform. The Chetu development team will perform or guide a merchant through each step.
The first step for a merchant is setting up a Stripe account. In this step, the user will make decisions about administrative access, set up security protocols, and enter billing information. Our developers will assist your organization in every step of the process.
An established merchant will need to move client information from its current platform to Stripe. The Chetu Stripe development team is fully versed in Stripe migration and will simplify this process.
Our developers will use Stripe Elements or Stripe.js to craft a custom payment page.
Webhooks are digital structures that notify an administrator about specific events on a merchant’s account. Our development team will take a balanced approach so that administrators receive real-time information about required payments and are not inundated with unnecessary alerts.
Metadata is behind-the-scenes information about transactions on a merchant’s site. The customer will not see it, but it can provide valuable information for reporting and analytics.
The merchant must decide the level of risk it can tolerate. Customers expect steps that will lower the chances of fraud for the business. Additional security layers will reduce risk, but they will also lengthen the checkout process. Chetu will configure Stripe’s anti-fraud tools such as Stripe Radar to optimize a merchant’s protection.
Chetu’s developers use Stripe.js to connect payment forms to Stripe’s servers. Using this resource allows a merchant to link several types of payment forms to the platform. Chetu will also automate the invoicing process to streamline the billing and payment procedure.
Stripe uses Application Programming Interfaces (APIs) to connect merchants with its servers. These digital structures are at the center of the Stripe integration process. An experienced development team will configure the system to send payment data in the proper format.
Integrating point-of-sale equipment with Stripe offers businesses flexibility. Stripe can work with everything from countertop terminals to mobile card readers. With proper integration, a manager can receive real-time reports.
Stripe understands the importance of integration for internet payments. The ability to connect with a wide array of software platforms increases automation and efficiency. Chetu will create apps that connect Stripe with a merchant’s accounting, analytic and content management platforms. Experienced third-party developers can create apps that help merchants expand their ability to take and monitor payments.
Stripe provides a broad range of native payment options. However, every business is different. A custom payment app can link payment information to invoicing, inventory, and CRM software. With proper configuration, this tool will save time by automating several workflow steps.
The Dashboard App lets an administrator monitor a Stripe account. A merchant can set permissions for different staff members, track customer accounts, and handle unusual transactions like refunds. Custom Stripe API development will make this tool even more potent by handling tasks like payouts, financial reporting, and accounting support.
Stripe Terminal is the company’s standard POS application. By customizing this app, a merchant can employ hybrid business models such as ordering online for in-store pickup. Merchants with a physical store may want to consider using Stripe’s pre-certified credit card readers along with the platform. These devices accept chip cards, Apple Pay, and Google.
Working with mobile apps allows merchants to accept payments and monitor activity on an Android or iOS device. Mobile app development is a perfect solution for merchants with traveling offices like repair professionals or food trucks. A well-designed solution offers access to Stripe Dashboard and other administrative features so that an administrator can handle issues remotely. Using mobile devices also lowers a merchant’s overhead cost for new hardware.
Chetu will improve a business’s workflow by providing complete Stripe integration and development services. Our experienced programmers can customize the Stripe experience for both merchants and customers. We provide help with:
We configure connections through Stripe’s APIs to streamline accounting, reporting, and administration.
We create custom invoice platforms and provide support for less common payment methods.
We can set up the system to handle subscriptions and other recurring payments.
Our team takes security seriously and will protect a merchant by configuring and enhancing Stripe’s fraud protection software.
Meaningful data is critical for making informed business decisions. We combine SQL resources with Stripe's APIs to extract and report the information a merchant needs.
From analytics to accounting, our team can connect Stripe to popular business software platforms.
With Stripe Elements and Stripe.js, our developers can build endless custom Stripe solutions to meet merchant needs.
Our Stripe development team understands that online payments must be both simple and secure. We ensure that our custom solutions maintain compliance with consumer protection standards like PCI-DSS. Integrations and customized development from Chetu will give merchants an improved Stripe experience.
Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.
Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.
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