stripe payment gateway banner

Stripe is a payment gateway service provider which was borne out of the belief that fast and efficient payment processing is achieved through great code and design. The company offers sets of APIs (application program interfaces) and tools that help businesses to instantly accept and manage online payments.

In this article we’ll cover:

  1. Stripe’s background
  2. Stripe’s Online Card Processing Services
  3. Stripe’s Fees

Stripe: History & Background

Stripe was founded in 2009 by brothers Patrick and John Collison and formally launched in 2011. The company has received over $130 million (£77 million) in funding from investors such as Sequoia Capital, Founder Fund and PayPal co-founder Peter Thiel.

It now has its main headquarters in San Francisco, California and has offices in Canada and the UK. Its clients include Shopify, DailyMotion, FourSquare, TED and Lyft. Stripe processes transactions amounting to billions of dollars every year.

Stripe’s Online Card Processing Services

1. Stripe Checkout

Stripe Checkout allows businesses to accept payments without their customers having to leave their website. This embeddable payment form works with desktop, tablet and mobile devices. Because it is run in dynamic JavaScript, Checkout allows Stripe engineers to constantly monitor conversion rates, make improvements and ship updates automatically to their users without the users having to do any extra work.

Checkout is very easy to integrate into existing websites as all it takes is adding a few line of JavaScript.

2. Stripe Connect

This product is for online market places, store builders, invoicing systems and any other businesses which have users who need to get paid. It allows users to instantly accept card payments within the platform by either having them connect or create their Stripe accounts. It’s easy to collect transaction fees and sharing Stripe data with the users is also simple.

Stripe Fee Structure

Stripe charges a flat fee of 2.4% plus 20p per successful transaction. It doesn’t have any setup costs, monthly fees, minimum charges, card storage fees, validation fees or any other charges on unsuccessful payments. Users who process more than £20,000 a month are advised to contact Stripe directly to discuss transaction fees.


Stripe may be relatively new to the payment gateway industry, but it has certainly made a good enough impression on investors and clients alike. Its easy-to-integrate payment gateway is definitely its main selling point. A bonus point is that it allows clients to accept payments in over 130 currencies.

It also offers the highest standards of fraud protection and security management. It has a state-of-the-art integration which allows clients to access reporting data via their own accounting or ERP systems.

Disclaimer: All prices quoted in this article are true at the time of publication.