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How Does Stripe Work? The Complete Guide To Stripe For Business

In our guide on what Stripe does and how to use Stripe for your business, we cover how to get started with it, pros and cons, security, and more.

    Chris Motola
  • UPDATED

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
View Chris Motola's professional experience on LinkedIn.

We've done in-depth research on each and confidently recommend them.

We've done in-depth research on each and confidently recommend them.

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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?

      This comment refers to an earlier version of this post and may be outdated.

      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!

        This comment refers to an earlier version of this post and may be outdated.

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          This comment refers to an earlier version of this post and may be outdated.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

            This comment refers to an earlier version of this post and may be outdated.

            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.

              Comments are closed.

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              Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

              Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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