According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 48
- 2.9% + 30 cents per account
Currencies:
- 135
cryptocurrencies:
- No
Our Evaluation of Stripe
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Brief Look at Stripe
Stripe provides a set of e-payment and offline payment automation solutions that scale to fit most technology stacks. This is not just a payment system that allows businesses to connect payment by card, through a browser, or mobile banking. Stripe has many of the brand's original designs, including solutions powered by machine learning and intelligent optimization that automate payments, protect against fraud, and accurately convert currencies. However, the main functionality is all about payments. Stripe payments are convenient for both the business owner and their customers. This is one of the most functionally simple, reliable, and fast systems.
- Easy integration into the company's technology stack.
- Full adaptability and scalability of solutions.
- The possibility to accept electronic payments in 135 currencies from anywhere in the world.
- There are no fees for installation, configuration, or connection of standard services; everything is transparent.
- Favorable price, the cost of using the system is 2.9% + 30 cents for each write-off.
- You can set up an individual tariff plan for a specific country, bank, or organization.
- End-to-end real-time reporting with the possibility of finite customization.
- Management of all business processes and individual operations from a mobile application.
- The system is focused on business, so it does not provide services to individuals.
- Stripe does not support PayPal and some other electronic payment systems.
TU Expert Advice
Author, Financial Expert at Traders Union
Stripe provides a comprehensive suite of e-payment and offline payment automation solutions tailored for businesses. It supports transactions in 135 currencies and includes innovative features driven by machine learning, such as fraud protection and instant payments. The platform's adaptability and scalability, with options for detailed reporting and business process automation, make it appealing to businesses of various sizes. It integrates seamlessly within existing technological stacks and offers competitive pricing with a standard fee of 2.9% plus 30 cents per transaction.
However, Stripe's focus on business means it does not cater to individual clients, and it does not support certain payment systems like PayPal. Given its business-oriented design and robust features, Stripe is best suited for businesses looking for a scalable payment solution rather than traders seeking traditional Forex platforms. Overall, its advantages may appeal to companies prioritizing comprehensive payment automation over individual trading needs.
Stripe Summary
| 💼 Main types of accounts: | Stripe has only one account type, it is customizable to a template or individually |
|---|---|
| 💱 Multi-currency account: | Yes (135 currencies) |
| Deposit terms and conditions: | Over 20 |
| Loan terms and conditions: | Per transaction + subscription fee for individual services |
| ☂ Deposit insurance: | Depending on the type of transaction, 2.9% + 30 cents for accepting an electronic payment |
| 👛️ Savings options: | Detailed statistics, cost optimization, business process automation, conversion increase |
| Types of payment: | Electronic payments and transfers (except PayPal and some other systems), NFC, Visa-standard cards |
| ➕ Additional features: | Personal domain, individual system scaling, tax and accounting automation, instant payments, fraud protection |
Assume that the price shown is the standard rate for connecting the company's technical stack to the system for accepting electronic payments. This already includes the comprehensive Stripe dashboard, KYC/AML verification, acceptance of one-time and recurring payments, conversion settings, and many other features such as instant payouts, additional payment methods, bank debits, and invoicing that is billed separately.
As a rule, payment for functions is linked to a transaction. For example, invoicing costs 0.5% of the invoice amount, and there are options. But such a service as a personal domain will cost $10 per month. That is, for some functions, a regular subscription fee is charged. The convenience of Stripe is that the user of the system can customize it, disabling even standard solutions.
The full functionality of a personal set of services is linked to a mobile device. The business owner receives reports on current transactions and processes and can group these processes, and filter and deselect them. From a mobile phone, users can issue and pay invoices, generate and send reports (for example, tax reports), give their staff access to certain functions, and pay salaries.
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Stripe Commissions & Fees
Traders Union pointed out above that 2.9% + 30 cents for a paid invoice is the standard rate of the service. The user receives it immediately after registering and connecting his store to the system. Later, he can disable some features from the standard stack, but the payment will not decrease because the rate is standard. The stack, among other things, includes 3D Secure authentication, updating a card account, accepting and verifying standard payments, and many other useful features that competitive services often provide for additional fees.
Of the third-party functions most often connected by online stores, one can note the acceptance of ACH bank debit transfers (0.8% of the amount). For 80 cents/transfer, you can connect additional payment methods like SEPA, Klarna, and EPS. The machine learning function of the system to speed up all types of authorizations and, as a result, increase the speed of transactions, will cost the user 0.08% for each successful withdrawal from the card. Onboarding flow control costs 0.25% of the account volume.
It is not possible to list all commissions and fees within this review. In general, the standard fees for accepting payments from this service are average or below average compared to its competitors. Ultimately, the total commission that the business owner will pay depends entirely on which features he has connected to the payment service.
Traders Union also compared Stripe’s fees with similar types of fees on other e-payment systems.
| FastSpring | 2Checkout | Stripe | |
| Payment commission | 5.9% + $0.95 | 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction | 2.9% + 30 cents |
| Deposit commission | 2% (max $20) | Depending on the payment method | 0.8% |
| Withdrawal commission | $5 | Depending on the payment method | 0.08% |
| Commission for international transfers | 8.9% | Depending on the payment method | Depending on the payment method |
The Stripe payment system is used by tens of thousands of online stores around the world. It is integrated into a business of almost any level, regardless of its design and electronic architecture. It is a series of microservices that provide payment acceptance at online and offline sales outlets. The system accepts payments in 20+ ways in 135 currencies. One of its key features is fast integration with existing technological solutions.
There is a subscription fee for some additional features, standard fees are paid by the business owner for transactions (for example, when accepting payments). The functions in the standard package are enough to meet the needs of small businesses. It is beneficial for larger companies to connect additional features such as a custom domain, tax automation, biometric verification, and identity search (available for 33 countries).
Investment Options
The official Stripe website provides detailed information about all the company's services, but among them, none allow a business to increase its capital through investment, savings, or lending. Technically, the very fact of using the service allows you to optimize costs and increase conversion in online sales. Considering that in the USA 90% of the adult population makes purchases in stores that use Stripe, it is clear that the number of customers will increase when this system is connected, regardless of the segment.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Contacts
| Foundation date | 2010 |
|---|---|
| Regulation | PSD2, SCA |
| Official site | https://stripe.com/ |
Comparison of Stripe with other e-payment systems
| Stripe | Volet.com | Payeer | Skrill | Klarna | Square | |
| Supported Countries | 48 | 150 countries | 127 countries | 200 countries | Many countries (with representative offices in 22 countries) | Most countries (including 8 countries for hardware solutions) |
| Supported Currencies | 135 | 9 currencies (USD, EUR, GBP, RUB, BRL, TRY, UAH, KZT, VND) | 3 fiat currencies (USD, EUR, and RUB) and most cryptocurrencies | 40 currencies | 9 currencies | All currencies (for hardware solutions, when paying offline, only the currency of the country where the solution is registered) |
| Support for cryptocurrencies | No | Yes | Yes | Yes (deposit) | No | No |
| Subscription fee | 2.9% + 30 cents per account | No, only transaction fees | No, transaction fees only | No, only transaction fees | No | 2.9% + 30 cents for accounts |
| Payment acceptance equipment | No, just the software | No, only software | No, online only | No, only online | No for transfers. Fees for other transactions depend on the country/bank | Yes, own devices |
User Satisfaction i