Credit card processing allows you to accept debit card and credit card payments at your business, creating another payment method for your customers. Some credit card processors support online payments as well. Stripe, our pick as the best online payment processor, offers a range features and competitive rates, as well as very few added fees.
To learn more about Stripe and other leading credit card processing companies, check out our best picks page for a buyer’s guide and comprehensive reviews.
What is Stripe payment processing?
Stripe is a versatile payment processor that integrates with hundreds of e-commerce platforms, shopping carts and other third-party applications that many businesses rely on every day. It offers competitive rates and a pay-as-you-go option, so you won’t have any long-term contractual obligation with the company.
Stripe is an online-focused company; it primarily works with e-commerce, mobile commerce and subscription as a service businesses. Although Stripe is an online payment processor, it can be used to collect payments in-person. Using Stripe, you can bill customers on a recurring basis, set up a marketplace where you can host third-party merchants or just accept one-time payments at the point of sale.
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Stripe offers its payment processing services on a pay-as-you-go basis, meaning you can close your account at any time without fear of incurring cancellation fees. To start working with Stripe, you must sign a service agreement, which you can review on the company’s website. Reading this document will give you better insight into how accepting payments with Stripe works.
Stripe doesn’t set up its customers with their own merchant accounts; instead, it sets you up as