What is the payment process of Stripe? What is the Stripe fee?

Recently, many friends have asked me about the payment process of Stripe and how much Stripe costs. Let's take a look.

What is the payment process of Stripe?

1. Authorization

Stripe abandons the traditional payment system that usually relies on inefficient paths and leads to a large number of unnecessary failed transactions, greatly simplifying the payment process. So what is Stripe's payment process like?

Stripe’s pre-processing layer helps every business get closer to the bare metal through multi-region direct connections to major card networks including Visa, MasterCard and American Express.

Through direct integration with card networks, Stripe provides the most accurate data and reduces transaction latency. Stripe also automatically tests and optimizes the operation of each transaction at scale, maximizing success rates and revenue.

2. Dispute Resolution

Get more confident in dispute handling and fighting fraud with Stripe's fully integrated solution. Stripe Radar is a fully integrated machine learning fraud system that draws from Stripe's global network of millions of users, transparent risk scoring, custom rules engine, trust and block list support, optimized human review process, and real-time fraud insights to protect you from fraudulent card payments by adding an extra layer of authentication, reducing the risk of fraud and chargebacks.

On the dispute side, use automated processes that work directly with the card networks to eliminate the manual work associated with handling disputes. Depending on the type of dispute and the relevant network rules, help submit the evidence that is most likely to win your case.

What are Stripe fees?

1. Individual

3.4% of the total order amount + HK$2.35 will be charged for each successful card swipe. No monthly fee, account opening fee, refund fee, and cancellation fee HK$85.00

2. Enterprise

Each time you pay with a credit or debit card, Stripe charges a fixed fee and handling fee of 3.4% + HK$2.35. Stripe charges the same price for all cards. There is no additional fee for international cards or payment failures. More payment methods, such as Alipay and WeChat Pay, which are very popular in China, charge a fee of 2.2% + HK$2.00.

The above is the relevant content about Stripe. If you want to get more information about Stripe, please continue to pay attention!