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What are the benefits of setting up online payments with Stripe?
What are the benefits of setting up online payments with Stripe?
Updated yesterday

There are many great reasons to set up online payments with Stripe. Stripe gives your clients the ability to submit payment using funds taken directly from their bank accounts, as well as their credit and debit cards and their digital wallets. You can even use Stripe alongside PayPal as a payment processor without having to choose between the two. Beyond that, you will have access to several other key features.

No Hidden Fees

Your payments will have an upfront processing fee depending on what payment method you use. After that, there are no additional or hidden fees. Here is a break down of Stripe's processing fees:

Credit & Debit Cards: 3.49%

Bank Transfer (ACH): 1%, with a $15 fee cap

Digital Wallets (Apple Pay, Google Pay): 3.49%

Stripe Link (vaulting for cards & bank accounts): 3.49% or 1% with a $15 fee cap

Clients Cover Payment fees

You can have your clients cover the payment fees. Choose if you would like to mark-up your invoice by distributing the payment processing fees across all items or add a surcharge to the total invoice amount. The fees are automatically added to each invoice using your preferred method, without you having to tally up the exact amount.

To find out more about setting up this feature, please review this article.

QR Code Payments.

You can generate a unique QR code that will appear on your invoices. When your clients scan this code with their own device, they will be automatically directed to a payment screen. To find out more about setting up this feature, please review this article.

Scheduled Payments

You can schedule payments in advance with clients, eliminating the hassle of having to schedule payments verbally. To learn more about scheduling payments, please consult this article.

The process for setting up online payments with PayPal is quick and easy. If you’ve decided you’d like to go forward with online payments, please consult this article for directions.

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