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How Does Stripe Work? Everything You Need To Know About Processing Payments With Stripe

Stripe is a powerful payments processing software package best-suited to low-risk small businesses and those with access to a developer's skills.

    Frank Kehl
  • 6 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Frank Kehl

Frank Kehl

Expert Analyst & Reviewer at Merchant Maverick
Frank Kehl has been researching and analyzing merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.
Frank Kehl
View Frank Kehl's professional experience on LinkedIn.

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Stripe Payments



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Create Your Account & Get Started With Stripe

Stripe Payments



Visit Site

Read our Review

Get started today and see what you think!

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6 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Tracy

    How is payment transferred to our account? Lump sum or individual amounts for easy reconciliation?

      Jessica Dinsmore

      Hi Tracy,

      Stripe appears to follow the standard practice of most processors, which is to transfer funds on a daily basis, but only issue an account statement once a month. You can find this information in the Stripe Dashboard. Hope that helps!

        Peter

        Is stripes a 2D gateway or does not uses OTP

          This comment refers to an earlier version of this post and may be outdated.

          Jessica Dinsmore

          Hi Peter!

          Stripe uses 3D Secure for additional authentication and fraud protection, making it a 3D gateway that requires an OTP (one-time password). This feature complies with the Strong Customer Authentication regulation that applies in Europe, and it’s also a good idea anywhere else!

            Viswanathan

            My name is viswanathan
            I put euroclinic General medical test online. Asking my debit card details. This is true or not. Please give answer.

              This comment refers to an earlier version of this post and may be outdated.

              Jessica Dinsmore

              Hi Viswanathan,

              I think you may be trying\to reach Stripe. Here is their contact info. We don’t have any information about transactions here at Merchant Maverick. Sorry, we couldn’t be more helpful! Hopefully, you can reach them using the contact info we’ve provided. Good luck!

                This comment refers to an earlier version of this post and may be outdated.

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