Pros and Cons of Stripe Payments 2024 (2024)

Overview

What is Stripe Payments?

Stripe is a payment gateway software solution which supports a range of payment related needs such as subscription management and recurrent billing via Stripe Billing, integration with third party payment services via the Stripe Connect API, assistance starting an…

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Recent Reviews

TrustRadius Insights

Stripe has established itself as a versatile and reliable payment processing platform, catering to the needs of various industries. Users …

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BEWARE OF STRIPE!

1

out of 10

December 08, 2022

From my experience, BEWARE OF STRIPE! THEY ARE EXTREMELY SHADY (in my opinion) AND JUST TOOK MONEY OUT OF OUR BANK ACCOUNT. They almost …

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Not what they promise, poor successful transaction rate.

5

out of 10

December 02, 2022

Disappointed. Its been now 1 year that Stripe does not seem to be having interest to resolve my problem. On my very own website, my own …

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Stripe Review

1

out of 10

September 30, 2022

Used Stripe to process merchant payments

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Take credit card payments online instantly

9

out of 10

August 29, 2022

Incentivized

We use Stripe as our preferred credit card payment processing gateway for both national and international transactions. It very simple to …

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Held 50,000 EUR and asked me to take a loan to pay my contractors.

1

out of 10

June 02, 2022

I use Stripe to process tickets for payments for the event I organise.

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Great payment processing solution for small businesses!

10

out of 10

May 27, 2022

Incentivized

We started using Stripe as our CC payment processor when we switched over to a new ERP system. Stripe is used for both manual and online …

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Stipe is well worth a look.

9

out of 10

May 03, 2022

Incentivized

We use Stripe to process payments through their integration on our site. We also use it for invoicing when it comes to other forms of …

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Stripe is in a league of its own in Payment Processing

10

out of 10

April 27, 2022

Incentivized

Stripe is used in a few different methods. It is the payment processor through our website forms integrated with Gravity Forms. We use …

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Great Payment Processor for Small Business

7

out of 10

April 04, 2022

Incentivized

I use Stripe as my payment method for my online coaching program and courses. I've also used it as one-time payment method during a …

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Easiest to Use Payment Processor

10

out of 10

March 25, 2022

Incentivized

I use Stripe as my main payment processor for my business and on my website. It's very easy to use, easy to read reports, and easy to …

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Useful Product

8

out of 10

March 25, 2022

Incentivized

Stripe makes it easy to handle credit card sales. We use it to manage revenue and credit card processing from multiple product revenue …

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Our go-to payment service provider

10

out of 10

March 24, 2022

Incentivized

Stripe is our payment gateway provider of choice when building websites and commerce solutions for our clients. The popularity of Stripe …

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Easy integration and behind-the-scenes functionality

8

out of 10

March 23, 2022

Incentivized

Stripe is integrated as the payment method for Planning Center Online Giving, our non-profit giving solution. Our interaction with Stripe …

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Stripe - Saves Time and Works With Our Other Software

9

out of 10

March 23, 2022

Incentivized

We use Stripe to accept money for our online courses, programs, workshops, events, and membership. Stripe is really helpful in our …

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What Stripe can do for you and your customers' credit cards

7

out of 10

March 23, 2022

Incentivized

We use Stripe to process credit card payments from our customers. We've integrated Stripe with Salesforce to have customers provide their …

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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

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Pricing

View all pricing

Sigma

$0.02

Cloud

per charge

Radar

$0.05

Cloud

per screened transaction

Issuing

$0.10

Cloud

per virtual card

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services
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Product Details

  • About
  • Competitors
  • Tech Details
  • FAQs

What is Stripe Payments?

Stripe is a payment gateway software solution which supports a range of payment related needs such as subscription management and recurrent billing via Stripe Billing, integration with third party payment services via the Stripe Connect API, assistance starting an Internet business which accepts payements via Stripe Atlas, fraud prevention via Stripe Radar, and payment analytics via Stripe Sigma.

Additional features and modules include Stripe Issuing, which allows users to create, manage, and distribute virtual and physical cards. Control expenses, reduce operational burden, and create new lines of revenue. Stripe Invoicing is a global invoicing platform. Stripe Treasury is a banking-as-a-service API that lets users embed financial services in a marketplace or platform. With a single integration, enable customers to hold funds, pay bills, earn interest, and manage cash flow.

Stripe Payments Video

The opportunity ahead (and at Stripe)

Stripe Payments Competitors

  • Alipay
  • Finix
  • kevin.
  • Visa B2B Connect

Stripe Payments Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

Alipay, Finix, and kevin. are common alternatives for Stripe Payments.

Reviewers rate Billing and Invoicing Support highest, with a score of 4.2.

The most common users of Stripe Payments are from Small Businesses (1-50 employees).

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Comparisons

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Reviews and Ratings

(319)

Pros and Cons of Stripe Payments 2024 (11)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content?

Let us know!

  • Business Problems Solved
  • Pros
  • Cons

Stripe has established itself as a versatile and reliable payment processing platform, catering to the needs of various industries. Users have found Stripe to be an invaluable tool for their businesses, whether it's processing payments for events, e-commerce transactions, or professional services. With its seamless and user-friendly interface, Stripe ensures a smooth checkout experience without redirects or pop-ups on both desktop and mobile devices. It offers flexibility in handling one-time purchases, recurring billing, and subscription-based revenue, allowing startups and small businesses to effectively manage their financial operations. Moreover, Stripe's integration capabilities with popular platforms like Shopify, ClickFunnels, and WordPress make it a popular choice among businesses looking for an easy-to-use payment gateway. Users also appreciate Stripe's ability to handle various types of credit card payments while efficiently detecting fraudulent charges. Additionally, organizations in the non-profit sector rely on Stripe for streamlining donations and program fees. With its reliable performance, low fees, and integration with accounting systems like Salesforce, Stripe has become the preferred payment processor for businesses both nationally and internationally.

Transparent Pricing: Several users have praised Stripe's flat fee structure, finding it simple and transparent. They appreciate the ease of understanding and calculating transaction fees, which helps them effectively manage their costs.

Intuitive User Interface: Many reviewers have commended Stripe for its well-designed and intuitive user interface. They find it easy to navigate and use, allowing them to complete tasks quickly and efficiently.

Excellent Customer Support: Numerous users have expressed satisfaction with Stripe's customer support. They feel supported and valued as customers when seeking assistance, contributing to their overall positive experience with the software.

Outdated User Interface: Several users have expressed dissatisfaction with Stripe's user interface, stating that it is not modern and user-friendly. They feel that the interface could be more simplified and streamlined for easier navigation and task completion.

Slow Search Functionality: Many reviewers have mentioned that searching for information within Stripe is slow and frustrating, particularly when looking up customer details. This issue hampers their ability to efficiently retrieve the information they need.

Clunky Navigation: A significant number of users find the navigation of Stripe's features to be clunky and time-consuming. They mention that there are many different ways to track information and accomplish tasks, which adds complexity to their workflow.

Attribute Ratings

  • 10Likelihood to Renew2 ratings
  • 10Usability2 ratings
  • 10Support Rating15 ratings
  • 10Implementation Rating1 rating

Reviews

(1-25 of 80)

Companies can't remove reviews or game the system. Here's why

December 08, 2022

BEWARE OF STRIPE!

CM
Chris Moran

President

Digypet (Consumer Services, 1-10 employees)

Score

1 out of 10

Vetted Review

Verified User

Pros and Cons
  • Took money out of our bank account

  • hung up on us

  • acted very shady

  • customer service

  • acting professional

  • resolving issues

  • communication

December 02, 2022

Not what they promise, poor successful transaction rate.

Verified User

Partner in Sales

Apparel & Fashion Company, 11-50 employees

Score

5 out of 10

Vetted Review

Verified User

Pros and Cons
  • good exchange rate

  • prompt customer service though without a resolution

  • willingness to resolve the customers issue

  • lower payout time to sellers

  • bad rates even though my business is scaling up

September 30, 2022

Stripe Review

David Chen

CEO (Chief Executive Officer)

David Chen CPA LLC (Accounting, 1-10 employees)

Score

1 out of 10

Vetted Review

Verified User

August 29, 2022

Take credit card payments online instantly

Dr Olivier Becherel - Leadership and Executive Coaching

Mentor & Coach

Mastery To Success Pty Ltd (Professional Training & Coaching, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Process credit card payments

  • Integrates with Xero accounting software

  • Low transaction fees

  • Quick transfer of funds to bank accounts with email notification

  • Could improve the UI

June 02, 2022

Held 50,000 EUR and asked me to take a loan to pay my contractors.

Verified User

Executive in Other

Events Services Company, 1-10 employees

Score

1 out of 10

Vetted Review

Verified User

Pros and Cons
  • Stressing me out so I can't sleep.

  • Freezing money for no reason.

  • Discriminating black business owners.

  • Being fair towards the customers

May 27, 2022

Great payment processing solution for small businesses!

MW
Mark Wong

Head of Web Development

Impact Merchandising (Apparel & Fashion, 11-50 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Stripe is easy to use (Enter CC information).

  • Stripe is easy to integrate with most websites.

  • Stripe works with businesses to offer the best rates.

  • Could offer some better processing rates.

  • Most compatible updates on website modules.

  • Check up on client success.

May 03, 2022

Stipe is well worth a look.

Verified User

Representative in Sales

Hospital & Health Care Company, 11-50 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Invoicing

  • Payment processing.

  • Reporting.

  • Ways to input data from payments made outside of stripe.

  • Cleaner reporting data.

  • More accurate churn data.

April 27, 2022

Stripe is in a league of its own in Payment Processing

Bobby Greenawalt

Founder & President

Beverage Management (Food & Beverages, 51-200 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Subscriptions through Stripe are easy to begin, enter, and then set and forget. It helps guarantee you get your monthly payments without constantly setting reminders to process manually.

  • Invoicing directly from the website is surprisingly easy, comes with several options, and customers know Stripe and know it's safe.

  • The number of integrations that Stripe has is endless. I can always count on Stripe being an option, so their integrations and API settings are incredible.

  • It would be nice to be able to see my Shopify payments from my main payment gateway. I currently have to go to Shopify for that.

  • The ability to be able to offer discounted rates at a smaller threshold would be nice.

April 04, 2022

Great Payment Processor for Small Business

Verified User

Professional in Professional Services

Professional Training & Coaching Company, 1-10 employees

Score

7 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Easy account set up

  • Quick payment processing

  • Secure payment method

  • The error messages are unclear

  • Customer service

  • Reconciliation with accounting software

March 25, 2022

Easiest to Use Payment Processor

Doug Walker

Owner

Website Design by Doug Walker (Internet, 1-10 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Payment processing

  • Reports

  • Website interface

  • None

March 25, 2022

Useful Product

Verified User

Employee in Finance and Accounting

Computer Software Company, 201-500 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • It processes payments well.

  • It is easy to set up.

  • It has a flat fee.

  • Reporting is confusing.

  • Reconciling issues to Chargify could be better.

  • The user interface is lacking.

March 24, 2022

Our go-to payment service provider

Duncan McMillan

Director

Art & Soul Communications Ltd (Internet, 1-10 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Integrates easily with off-the-shelf systems like WordPress

  • Provides a reliable and robust API

  • Is thoroughly and clearly documented

  • I can’t think of anything just now

March 23, 2022

Easy integration and behind-the-scenes functionality

David Calvert

Pastor for Creative Arts

Grace Community Church (Religious Institutions, 1-10 employees)

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Payment Processing

  • Security

  • Flexibility

  • Customization

  • API access

  • Customer service accessibility options

March 23, 2022

Stripe - Saves Time and Works With Our Other Software

Verified User

Strategist in Corporate

Marketing & Advertising Company, 1-10 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Process payments

  • Deposits money in a short amount of time (normally 2-3 business days)

  • Sends notifications when a payment has been made

  • The dashboard could be more intuitive

  • Creating reports can be clunky

  • Sorting transactions or having a search feature for transactions

March 23, 2022

What Stripe can do for you and your customers' credit cards

Verified User

Employee in Finance and Accounting

Financial Services Company, 501-1000 employees

Score

7 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • The user interface is very straightforward and easy to navigate

  • Credit card refunds are fairly painless to process

  • The customer support team is typically responsive and helpful

  • Upgrading some functionalities from manual to automatic can be time consuming

  • Can be difficult to recover forgotten passwords

  • Implementing Stripe with our new ERP has taken longer than anticipated

March 23, 2022

Stripe - A good payment handling tool with many features

Verified User

Employee in Research & Development

Program Development Company, 1-10 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Design

  • Development Library for many languages

  • Well documented

  • Sometimes it may be hard to find something specific in the Dashboard

March 23, 2022

The best way to process online payments!

Rod Thompson

President

Inflate Your Business Inc. (Marketing & Advertising, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Processes cards quickly and efficiently with lots of metadata for backup

  • Offers detailed reporting for both Accounting and Marketing

  • Has great communication about how much and when payments to our account occur

  • Payouts could happen faster

  • Invoicing information could be more precise

March 23, 2022

The most versatile card processing platform

MD
Mark Doherty

Web Developer

The White Hag (Consumer Goods, 11-50 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Integrated payment system

  • Easy to use reporting

  • Remembers previous visitors for fast future checkouts

  • More flexible payout options

  • Integration with banking systems

March 23, 2022

Great payment processor for Woocommerce integration!

Josh Collier, Website Designer

Co-Owner

JNM Web Creations (Design, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Integrates with Woocommerce

  • Communicates with woocommerce for refunds and taxes and other things

  • Allows you to see where payments may be getting hung up in the processing.

  • I had an issue with a few little things on stripe and felt the customer service was a little short with me didn't really want to find a solution.

March 23, 2022

Happy with Stripe!

Meredith Brough

Business Owner and Sleep Coach

Sweet Slumber, LLC (Professional Training & Coaching, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • They are reliable. I can count on everything going smoothly with transactions.

  • They are accurate. I don’t run into problems with collecting the proper amounts or being overcharged for fees.

  • They have good customer service. If I have a question about the customer portal or a problem with a customer, they help me resolve these issues.

  • I have found some things can be confusing to understand or use on the customer portal screen

March 23, 2022

An affordable and easy to integrate payment gateway.

Verified User

Manager in Sales

Information Technology & Services Company, 11-50 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Smooth Transanctions

  • Ease of payment

  • transaction security

  • Integration portfolio

  • Integration API'S

  • Global card operations

March 23, 2022

User Friendly.

Verified User

Account Manager in Professional Services

Health, Wellness and Fitness Company, 1-10 employees

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Easy user friendly payment processing.

  • Reports for user.

  • Currency conversion.

  • N/A

March 23, 2022

Paypal? Who needs PayPal? Paypwho?

NV
Neus Virgili

CEO (Chief Executive Officer)

NeusVirgili.com (Professional Training & Coaching, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Makes easy cancellation and refunds.

  • Low fees.

  • Supportive customer service

  • Wait period to deposit into bank.

  • No automatic tax support.

  • Better integration with billing softwares.

March 23, 2022

The complete payment library.

Verified User

Employee in Research & Development

Computer Software Company, 51-200 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Responsiveness.

  • Easiness of use.

  • Variety of allowed payment methods.

  • Data validation.

  • Difficult dispute handling.

March 23, 2022

Good but not the best.

Verified User

Employee in Marketing

Graphic Design Company, 1-10 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Ease of installation.

  • Ease of use.

  • Customers don't need to set it up themselves.

  • Stripe server issues.

  • Speedier resolutions of server outages.

  • Email notification of server status.

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Pros and Cons of Stripe Payments 2024 (2024)
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