![]() ![]() ![]() Managing payments made on your ecommerce site is also simple when you use Stripe because of its intuitive dashboard: Stripe dashboard And if you’re using Stripe for WordPress, all you have to do is install an open-source Stripe plugin. To use Stripe all you have to do is cut and paste a line of javaScript to your website. If you don’t have a lot of technical knowledge or a developer on your team to help, don’t worry. Instead, just create your own checkout form or add a Stripe donate button to your site to collect money from people with ease. With Stripe Elements, you guarantee your customers input their information quickly and correctly thanks to real-time validation, dynamic localization, autofill functionality, and improved formatting and masking.īetter yet, Stripe Elements eliminates the need for a hosted payment page on your website. The developer-centric focus gives you the flexibility to create a custom checkout process for customers. And this just happens to be one of Stripe’s selling points. Setting up a Stripe payment experience on your website ranges from being super simple to super complex, depending on that you need your payment gateway to do. Stripe vs Square: Getting Set up (Ease of Use) Stripe Setup In fact, you can now use Square to easily collect payments from customers shopping in your online store. That said, over the years Square has stepped up to the plate to compete with well-established companies such as Stripe. It gives merchants a way to collect payments from customers by reading credit cards using a smart device or by manually entering in credit card information ( in-person or over the phone). Because of this, you’ll often find that Square’s core product is actually their in-person POS system. This software is extremely versatile because it essentially turns your customers’ devices into portable point-of-sales terminals. Instead, it comes as part of a bigger ecommerce solution. Plus, unlike Stripe, which can be used on any compatible platform, Square is not a standalone payment gateway solution. In fact, it’s more of an end-to-end payment processor or virtual terminal. Square, on the other hand, is a bit older ( founded in 2009) and is not technically a payment gateway. Talking about companies, Kinsta uses Stripe as well. To give you an idea of how powerful Stripe is, know this: retail giants like Lyft, Amazon, and Microsoft use Stripe. Stripe’s market share sites at around 20% putting it in second position behind Paypal ( Stripe vs PayPal are always battling for the number one spot): Stripe Market Share (Image source: Datanyze) ![]() Though this is not the most common way to use Stripe, since most people integrate into the ecommerce sites, it’s just another way to use this flexible and powerful payment gateway. In addition, Stripe can be used as a standalone solution for those needing to send out invoices and collect payments for products or services. Not to mention, it’s very developer-centric, works for business websites and applications, and is rooted in both code and design. Stripe has a cloud-based infrastructure designed for reliability, scalability, and security. Still find this concept confusing? Here’s a visual representation to help you out: Payment gateway process (Image source: Orioly) This is done using a physical credit card terminal or an online processor. Stripe was founded in 2011 and is a payment gateway that lets you accept credit card payments ( in person or online) by transferring money between your merchant account and a payment processor. ![]()
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