What is Stripe?
Stripe is an online payment processing service launched in 2011 that allows both individuals and businesses to accept and make payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate online payment systems.
Some key features of Stripe include:
- Easy-to-use APIs and excellent documentation to integrate Stripe services into websites and apps
- Support for accepting and processing credit and debit card payments in over 135 currencies
- Fraud protection and prevention tools such as machine learning algorithms to detect suspicious transactions
- Ability to create subscriptions, invoicing, marketplace payments, and more
- Stripe Radar to detect and prevent fraud using machine learning
- Atlas to help new companies incorporate and accept payments
- Extensive analytics on transactions, customers, revenue, and other business metrics
Stripe aims to provide a complete payment platform to simplify transactional business operations so companies can focus on their core business. With low pricing and no setup costs, Stripe is used by small startups through to large enterprise businesses such as Salesforce, Facebook, Lyft, and many more.