How Long Does It Take Stripe to Deposit Money?

How Long Does It Take Stripe to Deposit Money

Stripe is an Irish-American financial service provider that processes credit card transactions and payments for online businesses. With Stripe, you have access to debit cards, credit cards, and even computerized transactions from your website. Stripe facilitates the transactions of companies like Lyft, Under Armour, Blue Apron, and Pinterest.

Stripe is a payment gateway that allows you to make credit card transactions from your website without a monthly fee attached. Stripe has processed over 89% of all credit card transactions worldwide on the Stripe network at some point. With the potential to handle over 135 currencies, it is a safe place to carry out online transactions.

This article will explain how Stripe works and deposit money with a Stripe account. We will also talk about how you can transfer money from one Stripe account to another.

How Do I Deposit Money On Stripe?

All companies can deposit money directly to their Stripe balance using a wire or bank transfer. The fund deposit keeps your business healthy when your account has a negative balance or you expect to make bigger client refunds. You can proactively add funds for future refunds or chargebacks that are held one at a time from your earnings, payouts, and money from other Stripe products.

You need a verified Stripe account to process online transactions with Stripe.  You also need a gateway to securely capture and transmit your credit card fee to the transaction processor. After deducting credit card-related charges from the total amount, Stripe then sends your bank funds to a merchant account. However, you need to create an account with Stripe before conducting any online transactions.

How Do I Deposit Money On Stripe

Setting up a Stripe Account for your business takes a few simple steps:

  1. Register with Stripe right here
  2. Verify the e-mail address you signed up within your inbox
  3. Activate your account
  4. Add business details
  5. Add banking data
  6. Set up Stripe Connection
  7. Select the option ‘build a platform or marketplace.’
  8. Complete your Platform Profile
  9. Update your settings
  10. Check that ‘Connect’ is enabled on your account and fill in your company information.
  11. Review your business details and begin making sales!

After this process, the money is transferred to your verified Stripe account whenever a customer buys a product from you online. Stripe permits protected and environment-friendly cash processing using a credit score card or bank and transfers that cash to the seller’s account.

Stripes software consists of a payment processing platform and a credit card fee gateway. Both are required in every successful online transaction, making it the most efficient and straightforward software program to pick for online payments.

Here are the steps you can use to deposit money with Stripe:

  1. Sign in to your Stripe account to access your dashboard.
  2. Go to ‘Balance – Payout.’
  3. Begin a transfer process to the recipient account, and be sure to include the reference number if provided.
  4. You will be given instructions for a local bank switch or a wire transfer, depending on the currency involved.
  5. Come back to the Balances page in the dashboard. Click Add to balance.
  6. If the receipt is required, upload a screenshot or picture of the cash transferred from your bank account.
  7. Click `Confirm Transfer.’

How Long Does It Take Stripe to Deposit Money

The first payout for every new Stripe account is usually paid in seven days after the first successful charge is received. This ready duration can be up to 14 days for businesses in specific industries and up to 30 days in countries like Brazil. This delay allows Stripe to reduce some of the risks of supplying credit services.

How Long Does It Take Stripe to Deposit Money

Stripe has simplified the procedure of its service for business owners, so it is easy to understand and navigate. Stripe Payment Process is as follows:

  1. When you create an account for your business, the Stripe software program will connect to the buying web page of your keep platform.
  2. Once a client is ready to purchase an object or carrier and ‘checkout,’ they will enter their information on the purchase page.
  3. The Stripe software program sends the information to confirm that the funds are reachable (payment gateway), processes the payment, and then transfers the funds to the merchant account.
  4. After the transfer goes through, Stripe then sends a confirmation of sale to both the customer and the seller.

Stripe now provides a fast payout for users in Europe and Canada, with the money available within three business days. After meeting the requirements based on risks and records with Stripe, users in Europe and Canada are eligible for this faster payout speed option. You can decide to use this accelerated payout pace by logging into your Dashboard.

Most times, the duration of Stripe payments may depend on the location of your bank. Below is some of Stripe’s payout duration based on countries:

Australia Two working days
Bulgaria Three working days
Brazil One month
Czech Republic Three working days
Cyprus Three working days
Denmark Three working days
Estonia Three working days
Finland Three working days
France Three working days
Germany Three working days
Hong Kong One week
India Five working days
Italy Three working days
Mexico One week

Can You Transfer Money From Stripe To Stripe?

As I understand it, you cannot transfer money from one Stripe account to another, but you could look at Stripe Connect, which allows you to collect payments on one of your user’s behalf. After deducting all the necessary credit-card charges, Stripe pays the money into the other corresponding Stripe account.

To be eligible to transfer funds from your Stripe account to another Stripe account, you must create a new transfer objective. Always ensure that the balance in your Stripe account will  cover the transfer amount. If your account balance can’t cover the total cost of the transfer, you’ll receive an “Insufficient Funds” error message.

After confirming that you still have money left in your Stripe’s balance, you can be able to send funds to another Stripe account through the API (Application Programming Interface) or your dashboard.

Can You Hold Money in Stripe?

Stripe is notorious for holding merchant funds, freezing accounts, and terminating accounts. That means no money in, no money out, which upsets customers. In some cases, Stripe holds cash indefinitely, persistently sending a new e-mail ever so regularly stating something along the lines of “there’s a 90-day hold on your funds.”

Can You Hold Money in Stripe

These subsequent e-mails aren’t reminders; they renew that 90-day preserve period. And disputes from customers can only take place within the first 180 days. Stripe will hold the money and take care of the payout. As the marketplace administrator, you don’t get to keep the money. After the customer must have been fully transferred the money to your Stripe account, you are now legally in charge of it. You can check the seller’s balance in your Stripe dashboard.

The key things to have in mind about Stripe are:

  1. Stripe is a Payment Service Provider, a system that permits you to receive online payments.
  2. Stripe operates on a seven-day rolling payout structure.
  3. The Stripe dashboard will indicate the regularity of payouts you can expect.
  4. Stripe is a pay-as-you-go service.
  5. Stripe’s prices usually are much lower than with Paypal.
  6. Stripe is protected and widely used.
  7. Stripe provides 24-seven support.

Final Words

Stripe is an online payment gateway that is reliable, convenient, and effortless to use. This system is the most frequently chosen by most companies and customers, and we know this firsthand from our own experience. With your verified Stripe account, you can easily send, receive, and conduct online transactions.

How to Set Up Stripe as a Payment Gateway?

How to Set Up Stripe as a Payment Gateway

Setting up Stripe as your business payment gateway enables you to accept payments from anywhere in the world.

However, there are other payment gateways but they are not accepting customers’ currencies directly as Stripe does.

So in this post, we’re covering how you can set up Stripe as your business payment gateway to accept payment from customers globally.

Let’s dive in.

How Do I Get a Stripe Payment Gateway

Stripe is a unified platform that’s fully integrated with payments products, making it possible for businesses to accept payments.

This is what has placed Stripe above other payment gateways, with customers from different industries, including big names in e-commerce and others like Deliveroo, Asos, Lush, Missguided, etc.

How Do I Get a Stripe Payment Gateway

For you looking for a payment gateway solution, then Stripe is an option because of its easy-to-use features and pricing structure. Making it possible for Stripe to be integrated with your site, allowing you to accept payment straight away.

Also, Stripe allows you to accept currencies through credit and debit cards, which is possible through the Stripe payment interface.

So how do you set up Stripe as a payment gateway for your business? It all boils down to having a Stripe account first, which will lead us to the following

steps of creating a Stripe account:

Step 1: Navigate to the Stripe site and click the “Start Now” button.

Step 2: On the page “Create your Stripe Account”, you’ll fill in your name, email address, and country. Also, you will be required to create a password for your account.

Step 3: A link will be sent to your email for you to verify your Stripe account.

Step 4: You’ll fill in your details to enable the activation of your Stripe account. These details include your business name, account details, fulfillment details, and a credit card statement.

Step 5: An email will be sent, notifying you of your account approval. This verification takes up to 24 hours or more. So you must be honest with your business, especially the products and services you plan to sell.

Your account has been created and that will take us to the next point.

Setting up Stripe as a Payment Gateway (Step-by-step)

As a business owner, you should know that a payment gateway is a means of receiving your business’s income.

Understanding how does Stripe work will help you to make a good decision for your business and customers.

A payment gateway is a means of transferring funds between you, the seller, and your customers. Meaning that your site is authorized to request funds from a customer’s bank for what they have purchased. And when it’s approved the payment is securely transferred to your bank account.

Setting up Stripe as a Payment Gateway

Let’s consider the steps of setting up Stripe as a payment gateway:

  1. Login to your Stripe Create account
  2. Navigate to the top menu and click “Shop”
  3. On the left-hand menu, click “Shop Setting”
  4. Then click “Payment Gateway”
  5. Click “Add Gateway”
  6. On the page that displays different options, select “Stripe”
  7. Click the “Connect with Stripe” blue button
  8. A new window will open on your browser, stating “Create. Would you like to accept payments with Stripe”
  9. If you have a Stripe account, navigate to the top right-hand menu and click “Sign in” to get access to your Stripe account. But if you don’t have a Stripe account, complete the online application form and submit by clicking “Authorise access to this account”
  10. Navigate your mouse pointer and click “Connect my Stripe account”
  11. A new page will open, stating “Connection to your Stripe account complete. Please close this window to continue”. When you close the window, it will bring you back to your Create account payment.
  12. When you log in Stripe must have been added to the Payment Gateway list of your Create account
  13. Activate the Payment Gateway by logging into your Stripe account.

Why is Stripe the Best?

Stripe is one of the largest and most established online payment providers. Also, it’s a payment gateway provider that allows its users to accept payment with either credit or debit cards on their website without any third-party service.

Why is Stripe the Best

Stripe handles more than 135 currencies, making it easier for companies to do business globally.

The following are the reasons why Stripe is the best option for your business:

Cost-effective solution

Stripe is a cost-effective solution for you if you’re considering selling across international borders. As a payment platform that’s available to merchants in 44 countries, still expanding into more markets.

Stripe can accept payments in different currencies. This means that even if your customer’s credit card currency differs from yours. Stripe will convert the payment to your currency for a small fee depending on exchange rates.

However, the currency conversion fee can be avoided if there’s a bank account connected with the same credit card’s currency.

Stripe displays your products in your customer’s native currency

Another nice feature of Stripe is it displays your products in your customer’s native currency. This means that if you’re a UK-based wine business, you can sell your products in Canadian Dollars to your customers in Canada.

Acceptance of large payment types

Stripe allows you to accept large payment types, which include the popular types in foreign markets. This is why Stripe is a convenient way for you to accept payment in foreign markets because it supports local payment types.

The following payment types are fully supported by Stripe’s payments API:

  • Apple Pay
  • Alipay
  • Microsoft Pay
  • Click to Pay
  • Google Pay
  • WeChat Pay

The above reasons and many more not mentioned in this position are why Stripe is regarded as the best for international payment processing services.

Now, let’s discuss the benefits you need to use Stripe for your business.

Benefits of Stripe’s online payment system

1. An easy and quick process

Stripe doesn’t go through an extensive process before approving your account. Meaning you only need to sign up online and your account will be approved.

2. An integration payment system

Signing up for Stripe allows any business to collect payment and act as the business payment gateway for its secured payments.

These services are offered as a single integrated system, which helps to support both retail and e-commerce sales channels of any business.

3. A set of security features

No provider guarantees its users 100% payment security all the time but Stripe almost offers your business this ideal package.

Final thought

Stripe is a good option for you that has a business with an e-commerce sales channel and wants to sell to customers globally.

However, Stripe can be expensive if you run a small business and don’t have the budget to handle it but it can be used as your business payment gateway. Thereby, making it possible for you to accept payment globally on your website securely.

Also, Stripe offers you the option to have your funds deposited to your bank account automatically on a monthly, weekly, or daily basis. However, you can also do it manually but the time it will get credited to your bank account is according to the Stripe payment schedule.

If you’re overwhelmed by Stripe’s scope, check out Stripe alternatives.

Is Stripe A Good Service To Receive Payments?

How Long Does It Take To Receive Payments From Strip

Do you make transactions online? Is your business based on the internet? If your answer is Yes to any of those questions, you should pay a lot of attention to the information in this article.

Receiving payment online after carrying out transactions is one challenge business owners who ply their trade online have been experiencing. Presently, there has been a rise of online payment platforms such as Payoneer, Skrill, PayPal, among others, which you can use to make and receive payments to any part of the world online. However, some misconceptions have arrived over the authenticity of some of these platforms, and we will take a deliberate look at Stripe.

Stripe is an excellent service to receive payments from any part of the world to answer the question in a short and straightforward form.  It serves as a medium of payment for a lot of top brands in the world. You might not believe me at first, but this article is structured to expose to you the different features of our stripe account, its advantages and disadvantages, and why you should or should not use them.

What is Stripe?

Stripe is a powerful payment processing software that serves as a secure payment gateway

for eCommerce merchants. People with online businesses need to receive payments from international clients who find it hard to ignore the stripe payment platform.

What is Stripe

In addition to accepting credit cards, debit cards, and automated clearing house (ACH) payments from your website, Stripe also offers payment gateway services. This enables you to create a payment solution that is independent of several companies.

Some of the biggest brands you know use Stripe to receive payments. Companies like Pinterest, Blue Apron, and Lyft, amongst many others, use Stripe to process their payments. So it’s safe to say that Stripe is an excellent platform to receive payment.

How Reliable Is Stripe?

Stripe is the platform that will allow you to transfer money from your customer’s bank account into your business account Through a debit card or credit card transaction. For such a platform to gain weight and popularity, it has to meet specific customer requirements, and reliability is one of those top requirements.

With a wide range of services, features and security measures, Stripe is one of the best platforms you can use as an e-merchant.

Every stripe account has added security protocols embedded in it at no extra cost

  • Address verification service (AVS)
  • CVV/CVV2 checks
  • HTTPS using TLS (SSL) encryption

You will agree with me that the rate of online fraud has increased over time and Stripe knows this, which is why they have dedicated stringent measures with their fraud detection service called stripe radar. Stripe radar uses machine learning and artificial intelligence to Predict if a particular transaction is to be fraudulent. Stripe radar will get information from your business account and past transactions from the card, then question.

For accounts that pay the standard Stripe processing fee (2.9% + $0.30 per transaction), Radar is free or as an add-on for $0.05 per transaction if you’re not using Stripe on a custom pricing plan. Additionally, chargeback protection is available for 0.04% per transaction.

To tighten up its security and maintain its reliability, Stripe goes a step further to pledge the sum of $500 for anyone who identifies a significant bug and reports it to the security team; and the reward of $100 for a minor bug report.

Advantages and Disadvantages of Using Stripe

If you’re still in doubt whether you should consider using Stripe in your business, let’s examine some advantages that come with the platform and some disadvantages you might encounter when using it. This will clear your doubt and help you make the best decisions for yourself.


It has a quick, easy onboarding process

Getting approved on the strength platform is relatively easy and does not need complex processes. Stripe does not need any long underwriting process to approve a merchant account, so you can immediately sign up and get started.

Vast assay of customization options

Stripe has a lot of customization options for your website and a collection of developer tools and API, which you can harness. However, you might need some coding skills to take full advantage of this option.

A collection of security features

Even though you might not get a 100% bulletproof security option at all times from any online payment platform, Stripe comes very close to this. Every account has uptight security features (TSL and SSL) and encryption too. Also, Stripe has its fraud detection service called stripe radar, which is an added security measure.


  • It does not have a user-friendly interface. Stripe looks more like accounting software that you can navigate if you are conversant with spreadsheets and accounting interfaces.
  • Processing rates are sometimes higher than other gateway and payment platforms. Although with the level of service stripe provides, this could be worth it.
  • No automatic tax support. You will have to calculate your VAT and other types of tax yourself.

How Long Does It Take To Receive Payments From Stripe?

For every new stripe account, it takes seven days for you to receive your first payout. On the other hand, you might have to wait for up to 14 days for some processing by the stripe security team to help them mitigate some risks. You can also confirm the status of your payouts by checking your stripe dashboard.

How Long Does It Take To Receive Payments From Strip

How Do You Get Stripe Instant Payouts?

With the Stripe Instant payout, you are eligible to transfer your funds to a debit card instantly for a fee of 1% of the fund’s amount.

Here is how to request for instant payout

  • Go to your stripe dashboard > Balance > Payouts.
  • Select “Payout funds instantly.”
  • Input the amount you desire to pay and the debit card you want to receive the funds in. If your card is not linked to your stripe account, you can do that by entering your card details.
  • Click “payout”
  • Funds will appear in the bank account within 30 minutes.

Final Words

You can agree with me that the ease of using online payment platforms and gateways is second to none. Have you used Stripe before? Do you use it now? What are your experiences with Stripe? I would love to know your thoughts.

Difference Between Paypal And Stripe: Which One Is Better?

Difference Between Paypal And Stripe

Running transactions online has never been easier than now with the help of online payment platforms and gateways.

These payment platforms are so excellent and sophisticated that you can practically use them to receive and send out funds to anyone and anywhere in the world.

If you research the best platforms to send out and receive payments internationally, two platforms must pop up amongst others. These two platforms are PayPal and Stripe.  Regardless of what you might have seen or heard about these platforms, it’s almost impossible to receive payments internationally without them.

In this article, we will be comparing the two best payment platforms for merchants. Let’s take a brief review of each platform.


PayPal is one of the leading online payment platforms in the world. Everyone knows about PayPal, and I don’t mean everyone in the world but everyone that makes transactions and receives payments online.


PayPal makes it easy for you to receive and make payments to anyone from anywhere In the world once you know how to create a verified PayPal account. When it comes to online payments, PayPal is seen as the king. With over 380 million active users , PayPal has a presence in over 200 countries and has executed over 4 billion payments in a quarter of 2020 only.  PayPal has been around since 1998, giving people alternative ways to send and receive money online, and after so many years, it remains the top choice for many people. Though it is unsupported in some countries, you can learn more on How to Create Verified PayPal Account


Stripe is another powerful payment platform that gives people access to make payments across various countries. Stripe is perfect for low-risk small businesses, and they pride themselves to be the most secure online payment platform in the world.


This might not be wrong totally because Stripe takes a lot of measures to ensure that its customers are protected when they make transactions online. Stripes support over 135 currencies And payment methods globally and have a presence in over 35 countries.  over 90% of adult males in the US have used strive to make a payment or purchase since the inception of the Tech giant.

Now let’s see the difference between these two essential payment platforms.

The Difference Between Paypal And Stripe

Are you deciding on which of these payment platforms you should use for your business or service? If you are, then this section of this article is dedicated to you.  I hope by the time you get through with this article, your doubts will have been cleared on which payment platform will be suitable for you and your type of business. Paypal is the most popular payment platform, which is relatively easy to use while, on the other hand, Stripe offers a more sophisticated interface and features.

Our comparison will be based on some factors such as the ease-of-use security features, credit card integration, refunds policy and fees.

Difference Between Paypal And Stripe


The good thing about both Stripe and PayPal is that they let you set up your account, Create invoices and transfer money into your bank account, all for free.  However, on the other hand, You will pay a fee for every transaction that occurs on your website regardless of which platform you use. Here is a comparison of fee payments on PayPal and stripe.

  Paypal Stripe
Non-profit discount 2.2% + $0.30 2.2% + $0.30
International transactions 4.4% of any currency 1% for international cards and currency conversion
Recurring Bill N/A 0.5%
Transaction Fees 2.9% +$0.30 2.9% +$0.30
Invoicing No charges No charges
POS card processing 2.7% per swipe in U.S., 4.2% per swipe outside U.S., 3.5% + $0.15 for manual transactions, 1.5% for cross-border transfers 2.7% + $0.05 per swipe + 1% for international cards + 1% for currency conversion
Pre-certified card  readers Free to $79.99 $59 to $299
Fraud protection charges N/A $0.07 depending on the transaction
Instant payouts 1% up to $10.00 1% with a $0.50 minimum
Chargeback fees $20 for the US, fixed  per currency $15 for the US, fixed  per currency
Chargeback protection N/A 0.04%
ACH direct debit, credit, or wire transfers for large transactions N/A 0.03 up to 5%
Micropayment fees 5.0% to 6.5% + fixed currency fee 2.9% + $0.30

Prices might change at any time. You must visit either PayPal or stripe to confirm prices when you need them.


When it comes to security, both platforms meet the requirements of the payment card industry, which ensures that customers’ transactions and details are handled with a high level of fragility and security. However, stripe goes one step further in ensuring top-notch security through its stripe fraud detection service known as stripe radar. Strawberry uses machine learning and artificial intelligence to predict and intercept fraudulent activities on the platform.  Also, stripe has a lower fee on its comeback security than Paypal. So when it comes to security, we give it to Stripe.


Both platforms take enough time to set up customer support sections to enable prompt and swift response if an issue arises. They both have social media presence on all media platforms, including live chat and phone support.  However, Stripe offers 24/7 phone support while Paypal has limited hours of 6 am to 6 pm pacific time. So for support, we will give to Stripe.


Refunds and chargebacks happen when someone contacts the platform with a complaint on a transaction they disapproved of they are not comfortable with. This feature is present in both PayPal and stripe platforms. They are present just to protect customers, but sometimes they are misused And at such a fee is mandatory if you want to access the chargeback and refunds features.  Stripe has a refund fee of $15, while PayPal has its own at $20. Also, there will be no refunds of the processing fees for both platforms.

Credit Cards

Both platforms have credit cards they issue to merchants and customers. With a PayPal credit card, you can shop on any online platform and withdraw from over 33,000 ATMs nationwide without any extra cost. There is the PayPal cash card and the PayPal cash back Mastercard. Stripe also has its Virtual card, which you can demand if you have an active Stripe account. On a general note, PayPal cards offer more features and usage than stripe cards, so we give this one to PayPal.

Which Big Companies Use Stripe?

A lot of renowned companies use Stripe. Here is a shortlist of them: Udemy., Instacart., Reddit., Lyft., Stack., KAVAK., Accenture., CircleCI.

Which Big Companies Use Paypal?

Paypal is widely used all over the world, even more than Stripe. Most of them are found in the US, and they belong to the retail industry. Here are some big names that use Paypal.

Zendesk incorporated MSL Group, Lorven Technologies, QA limited.

Final Words

I believe by now you have a clear idea Of what to expect on the PayPal platform and stripe platform as well. In summary,  PayPal is best for smaller merchants because of how to use it and its user-friendly interface. However, for bigger corporations with a team of developers, you can subscribe to the stripe payment platform and enjoy its customization options.

Does Stripe Accept International Payments?

Yes. Stripe accepts international payments – providing that your location is a Stripe-supported country.

However, despite their global coverage, there are a lot of countries where merchants cannot use this payment gateway. Are you unsure if Stripe accepts international payments in your country?

Then read on to learn from this post.

How do I Accept International Payments via Stripe?

Without having a Stripe account you can not accept international payments. You have to have a Stripe account or buy a verified Stripe account from someone else.

How do you create a Stripe account?

Simple. We list the steps to follow in creating your Stripe account and preparation to be done before you start.

How do you create a Stripe account

Step 1: Prepare your information

Who’s the admin? You of course.

  • Your email
  • A good and strong email
  • Your last four digits of SSN (Social Security Number)
  • Bank’s routing number
  • Bank account number

Step 2: Go to Stripe website

Step 3: Fill the form to create your account

You have to bear in mind that the email is a specific email address that you or anyone else has access to.

This email will be contacted when a change of password is needed. Also, you will be receiving transaction notifications on the email.

So fill the form by:

  • Entering your email address
  • Your password
  • Confirm your password
  • Click ‘”I’m not a robot”
  • And click “Create your Stripe account*

Step 4: Confirm the representative

Stripe will request additional information to properly identify who you are. Visit this page for more clarifications on identity verification.

You can use either your Facebook, LinkedIn, or Google account to fill in your personal identifying information.

  • Your legal name
  • Date of birth
  • Last four digits of your Social Security Number

Step 5: Enter your bank details

You need to fill the form by providing your routing number and account number.

Then click on ” Activate Account”

Once your account application status reads “approved” you will be able to accept payments including international payments as well.

To answer your question, “how do I accept international payments via Stripe?”

Your account has been set up and approved. Next, is to connect your Stripe account on your website or app to accept international payments 24/7.

Follow any of these two steps:

The first step of connecting your Stripe on your website requires a developer or you can do it yourself if you have the technical know-how.

Step 1: Get the keys to the connection

  • On your Stripe account dashboard, navigate to API keys
  • That’s Dashboard > Developers > API keys
  • You have to give the developer the Test keys to know if your site can connect to your Stripe account.
  • Also, the developer needs the Publishable key and the Secret key as well. (To get these keys, click on “Reveal Test Key Token” and copy it)
  • Once both the configuration and integration work is done. The developer needs the live keys.
  • You will see a toggle slider on top of the screen where you can switch from live to test or test to live.
  • Next, click on “Reveal live key token” to show the secret key, copy and paste that as well.

Step 2: Get the Webhooks

The second step is simple, that’s if your website is built on WordPress.

On your WordPress dashboard, install a Woocommerce plugin, an e-commerce plugin that allows you to sell and receive payments.

You will then set up a payment gateway, different options will be displayed on how you want to receive payment and one of the options is Stripe.

Setting up Stripe is easy. You will be asked to add your Stripe account or create a new one.

You will add your account and click activate the account and it will be activated as a means of collecting payments.

I recommend you use the second step to connect your Stripe account to your website.

Stripe Supported Country

Stripe supports merchants and businesses in European and North American countries, including a few countries in Asia.

Businesses in Africa or Latin America are not covered by Stripe services, they should consider other payment gateways for their international payments.

Stripe supported European countries include the following:

  • Austria
  • Belgium
  • Bulgaria
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom

Stripe supported Non-European countries include the following:

  • Australia
  • Brazil
  • Canada
  • Hong Kong
  • India
  • Japan
  • Malaysia
  • Mexico
  • New Zealand
  • Singapore
  • United Arab Emirates
  • United States

Pros of Receiving International Payments via Stripe

1. Less transaction cost and fees

Stripe allows you to start selling without any monthly charges, meaning if you don’t sell, you are not expected to pay for their services.

Stripe fee is 2.8% + $0.30. For instance, if you sell a product for $100, Stripe will take $3.20.

For international sales, the charge is 3.9% and that’s okay if compared to PayPal that charges 4.4% for international sales.

2. Easy CRM & website integration

Stripe can easily be integrated into your website using the API keys or plugin.

3. Supports global currencies

Stripe accepts payments from any part of the world by supporting more than 135 currencies. You don’t have to worry about anything.

Stripe makes it possible for you to accept international payments from any part of the world with ease.

4. Supports varieties payment methods

Stripe accepts payments from every credit and debit card and also from the following e-wallets:

  • Amex Express Checkout
  • Google Pay
  • Alipay
  • Visa Checkout
  • Apple Pay
  • WeChat
  • Microsoft Pay, etc.

With this, your business is covered online. All you need to do is to have a verified Stripe account.

5. Customer support

Stripe has a lot of ways you can reach them with your complaints. You can reach them through email, phone call, or talk to an agent on an online chat.

Also, they have a support forum, where you can ask questions and answers will be given immediately.

Cons of Receiving International Payments via Stripe

1. Country limitations

Country limitations have discouraged people from using Stripe to use other payment gateways like PayPal. Stripe is only available in Europe and North America, and a few countries in Asia.

Although Stripe accepts payment from any part of the world, these limitations remain an issue for businesses in countries not supported by Stripe.

2. Needs a developer

Stripe open API and tools can be confusing and difficult if you’re a novice in coding.

Without a developer’s assistance, you cannot properly integrate and customize Stripe on your site, and it’s a big problem for people.


When considering Stripe as a way of accepting international payments, you should know if the country you’re in is one of the Stripe-supported countries.

Stripe remains the best choice for merchants who accept international payments from every part of the world, while it has many benefits, it does come with a few cons.

Stripe Vs Paypal Vs Square: What Is the Difference Between These?

stripe vs paypal vs square

Starting an online business or shopping online can be a daunting affair. You have tons of things like the prepping, sourcing and other factors to consider for the process to go smoothly.

Still, these affairs wouldn’t be complete without a payment system to pay for or receive funds. That’s where Stripe, PayPal and Square come in.

These are some of the top names in the industry. Unfortunately, you still have some choices to make; to get the best ones to use as a payment gateway when shopping, or to incorporate in your online business. So let’s get right to that.

Stripe Vs PayPal Vs Square: Which is Better of These?

You’ve finally narrowed your research to these three platforms, but which do you choose?

Well, the answer is: it depends on what is suitable for your needs. To know that let’s explore all their features and benefits. Then, you’ll know what to choose.
stripe vs paypal vs square

What exactly are these platforms?

Stripe is a service for businesses to accept online payments and process credit cards. Stripe enables the secure and quick financial transaction from a credit card or bank account to a seller’s account. Rendering it one of the most effective and convenient platforms to use for electronic transactions.

You can use PayPal to receive or transfer money online with businesses or individuals who use it as their payment gateway stores. All you have to do is to connect your bank account, credit card, or debit card with your PayPal account. PayPal acts as a go-between for financial institutions and businesses, keeping everyone’s banking details safe. If your country doesn’t support PayPal you can get a Stealth PayPal account”. You can read more on “What is Stealth PayPal Account?” if you need a Verified PayPal Account.

Square is a payment processor for credit cards and point-of-sale transactions. The platform leverages mobile technology to enable business owners, creatives, merchants, and organisations of all types to receive card payments from customers using smart mobile devices. Square is progressively being used by merchants to accept both online and brick-and-mortar store payments. These make it a great payment processor for both online and in store customers.

Are Credit Cards Required?

Stripe supports the use of major debit and credit cards in their system depending on the country of its customers.

PayPal allows the use of both debit and credit cards. The platform recently incorporated a virtual card called Paypal Credit. It is a credit line product offered by the payment gateways for users. PayPal Credit works similarly to a typical credit card in that it allows you to defer payments.

Square accepts all its supported card types at the same rates. Although it has a variety of cards, like the Square debit cards, prepaid cards, regular debit cards which help store owners with their invoice, it also accepts credit cards.

What Fees Do They Charge?

The transaction fee is relatively affordable between Stripe vs Square vs PayPal. Although their rates differ depending on the type of transaction carried out.

Stripe’s flat-rate processing fees are the most expensive part of the service. Irrespective of the magnitude of the transaction, the sort of card linked to the transaction, or the provider which supplied the card, your business will typically be charged the same fee for every transaction.

When shopping online with PayPal-accepting merchants, there are no charges provided there’s no currency conversion. For transactions made in a foreign currency, there is a 3% or 4% international transaction fee.

Square charges merchants a transaction fee for every electronic payment processed through their system, as do most other payment processors. Before the payments reach your bank account, Square deducts a tiny percent of the overall funds received. Businesses are given free access to Square’s standard software and dashboard. You won’t pay any monthly or annual fees, and there is no penalty for canceling.

How’s the Security?

Stripe places an emphasis on payment security. The multiple precautions it employs to safeguard cardholder data shows this.These are among the security features it possesses:

  1. Stripe is certified as a PCI Service Provider Level 1 company. In the payments sector, this is the highest degree of certification.
  2. Stripe encrypts all of your data and communications. For secure communication, the service employs PGP keys.
  3. Stripe follows all applicable payment platform laws. It has a Money Transmitter license.

How’s the SecurityWhen you purchase items online with your debit or credit card, businesses may be privy to your payment details which is why PayPal uses a series of security measures, such as end-to-end data encryption, available two-factor account logins, and transaction email confirmations to make sure your account remains safe.

As for Square,the platform sends all details about businesses and customers to their servers in an encrypted way. Square’s databases and devices are updated and patched on a constant schedule, and their in-house apps are tested and assessed for security. The platform does not save the billing details on the user’s device.

Is there a refund system?

Stripe won’t be able to provide refunds on behalf of merchants who use the Stripe payment platform. Customers must contact the company directly in order to request an exchange or refund. If you can’t reach the company or they aren’t responding, contact your bank for help. They might offer suggestions about how to act, such as filing a complaint.

Paypal enables you to cancel a transaction or request a refund from the vendor or business if you lose interest in a purchase or make any mistakes.

Square payments can be reimbursed within one year after the initial date of acquisition. You will need to offer refunds outside of Square after this time date has elapsed.

Which Is Easier To Use?

It all depends on the needs of your company. Square excels at point-of-sale transactions, terminals, and user-friendliness.

Stripe excels at worldwide eCommerce and provides industry-leading open source tools.

Meanwhile, after Visa, Mastercard, American Express, and Discover, PayPal is now the fifth most popular payment method, and is used by millions of digital retailers. You only need your PayPal login details to make a purchase using PayPal.

Best Support System

Each Stripe account includes a free 24-hour email, phone, and chat support. Businesses with many employees can pay for specialised support management, prioritized replies, and other expert services.

PayPal’s client support service is available via email, live chat, hotline, social sites support, community support, and self-service help. If you’d rather use the self-service support, you can also look through their knowledge base.

The Square Support Center makes it easy to find Square’s most recent support resources in real time. There you can ask a query, look up a term, or look up an issue. You can also see what’s Popular among other Square merchants and search for support materials by product or topic.

Which Is The Most Popular Platform?

PayPal accepts twenty-five currencies and is accessible in over 200 countries, allowing businesses and organizations to expand a large customer base.

Stripe is just accessible in thirty-nine countries (with more on the way), but it handles over 135 currencies and accepts significantly more payment options.

Square currently only offers services in the United States, the United Kingdom, Japan, and Australia.

How Do Users Withdraw Funds?

Stripe’s payment system is simple and quick. Enter a payment amount and the card to which cash should be transferred. Funds will be deposited into the linked bank account shortly after that.

You can use the PayPal app or go to your online account to withdraw your funds on Paypal.  After that, you’ll have to withdraw funds directly to your bank account or an associated card.

Sending and receiving Square Cash is completely free. Instead of being retained in a saved balance account, payments are promptly transferred into the receiver’s bank account.

Does Stripe Handle Paypal?

Stripe and PayPal do not work together. You can, however, accept payments individually using both payment methods on your online transactions.

Does Stripe Handle Paypal

How Does Stripe Differ From Square?

The fact that Stripe solely provides payment services for internet businesses distinguishes Stripe and Square, while Square provides services for electronic, physical retail, and mobile payments. Stripe is preferable for online-only enterprises, whereas Square is great for multi-channel shops.

Final Thoughts

Although they vary in options and preferences, Stripe, PayPal and Square are some of the reputable links used by SMEs for payment and transferring of funds online. Hopefully, with this guide, you’ll be able to choose what works best for your brand. Goodluck with that!

How To Delete Stripe Account?

How does a Stripe Account work

When it comes to selecting the most secure payment systems, the Level-1 PCI Service Provider Stripe would top the list. However, despite its incredible features, there’s nothing wrong when you’re trying to remove it.

In fact, we’re getting to know exactly how to delete stripe account once and for all to help you do it. Besides, we’ll talk about how you can even get your identity removed from Stripe’s database.

Not to mention, the payment information you’ve already shared with them in past account activities. If you’re in pursuit of getting off the grid with Stripe, this is the only guide you’ll ever need. Let’s dive in.

How Does a Stripe Account Work?

For those who’re new to the Stripe world, let’s simplify this: What is Stripe, and how does it work?

How does a Stripe Account work

Stripe is a payment processing service provider, just like PayPal, Braintree, Square, 2Checkout, WePay, and a bunch of others. It does transactions on your behalf and transfers money from your customer’s credit or debit card to your business account.

What makes Stripe thrive over all, however, is its highly secure online payments transfer process. The global tech giants like Google, Amazon, Notion, Shopify, Figma use Stripe as their payment system. Easy Stripe integration (API), effortless onboarding, and customization options make Stripe unique. Plus, its payment options, with both one-time and recurring, help businesses grow.

Can You Have More Than One Stripe Account?

Unlike many other payment methods, Stripe allows you to have multiple accounts under one email address. Once you have your verified Stripe Account in place, you can create a new account for each business you might be using with stripe. They’ll all be nested under the main email you used in the first place, and have separate business settings.

That way, you’ll have separate dashboards, separate law matters (tax and all that) associated with each account. Have a look at this video for a comprehensive idea on how you can create a nested account on Stripe:

How To Delete Stripe Account?

Getting your account removed from Stripe can be a simple process if you follow a few steps we’ll talk about. Here is how to delete Stripe account, even if you have your personal and payment information saved on Stripe’s database:

Steps to Closing a Stripe Account

Before you remote your Stripe account, make sure you have no existing balance, as the process isn’t reversible. Besides, you can download your financial reports into a CSV file if you have anything important. Once you’re ready to cancel stripe account or delete it, here are the simple steps to remove your Stripe account in no time:

Step 1: Log into your Stripe account and go to your account dashboard.

Step 2: Navigate to the “Account information” under Settings Tab.

Step 3: Scroll down to the bottom and hit the “Close account” button.

*Note: If you have a list of accounts on Stripe, closing one account won’t remove the others. You have to remove each account individually if you tend to remove them all. Each account’s negative balance has to be zeroed before closing, and you can also remove bank account from Stripe.

How to Delete Payment Information Saved Using Link With Stripe

If you have your payment data (that you use at checkout) linked to your stripe account, you have to remove them separately. It’s common to use a third-party application or a client portal to pay with Stripe as your primary payment option.

How to delete payment information saved using Link with Stripe

Stripe keeps these information in a separate cookies’ database for third-party product. You have to manually contact them for Stripe clearing and to disconnect Stripe from the cookies.

You’ll have to go to the Stripe Request page, submit your email address associates with your Stripe account. After that, Stripe will clear up the payment information on your account.

If You Have Your Identity Verified Using Stripe Identity

If you have a Stripe account that you had verified with a Stripe Identity, Stripe won’t remove the account until authenticated. In order to complete the authentication, you have to email Stripe to delete your information and Close stripe account. You have to use mail your request to the stripe support at to start the deletion process.


Now that you know how to delete stripe account, you should bear in mind that this deletion process not reversible. Therefore, you must download all your related account information, financial statements, and delete the account.

However, if you decide to keep on using it with greater security, make sure you have the account secured properly.

Some security tips to keep Stripe secure would be: Enabling 2-step verification, not sharing or writing stripe credentials anywhere, and never clicking suspicious links. The scammers usually  put a lucrative bait in front of you in a spammy mail.

How To Add Stripe To Shopify?


Are you struggling to find a proper way to accept payments from your customers more securely? Then stripe is a great option to integrate on your shop as your payment gateway. Shopify is a vastly popular eCommerce platform where you can create your online shop and sell goods.

If you’re wondering how to add stripe to Shopify, this article has the complete guideline on that. In a nutshell, you have to go to the Shopify settings, go to the third party payment providers under payment settings. Select Stripe from there and put your credentials to set stripe as your Shopify payment gateway.

What is Stripe?

Stripe is an international payment service gateway for businesses that facilitates online payments between businesses and people. After founding Stripe back in 2010, two Irish entrepreneurs made it a huge success with over $2 million investment by 2011 and started its successful journey.


It is so popular to the online businesses because of its secure payment process alongside a flexible and user-friendly interface. They use some of the most recognized payment processors for their transactions such as Amazon, TED, Lyft, GitHub, Yelp, Uber, Spotify, Reddit, and hundreds more.

Pros And Cons Of Stripe

Stripe is a hugely popular payment solution for a wide variety of reasons, especially security and ease of use. Here are the things you need to know about Stripe before you start using it:

Advantages of Stripe:

  • It’s secure to run a business with a stripe account.
  • No cost to set up, cancel, and account maintenance.
  • Setup and maintenance are super easy.
  • It is secure with SSL
  • Offers at a reasonable price range.
  • It accepts major payment cards.

Disadvantages of Stripe:

  • Stripes is actually a payment gateway for the developers, so if you want to work with it, you must understand basic coding.
  • It takes more than 7 days to get the money on your hands which isn’t as pleasing.
  • Stripe is not available in all countries yet.

Does Stripe Integrate With Shopify?

Yes, Stripe and Shopify goes hand in hand when you’re trying to receive payments from your customers. In fact, stripe is a great way in terms of security for the payment information the user is sharing with the platform. And the integration process is so simple that anybody can integrate it to the payment process easily.

So, if you want to accept payments from customers securely with less technical knowledge about Shopify, integrating stripe can be a great option. Don’t forget to learn about the Shopify Payments and the supported countries for good understanding on this.

How To Add Stripe To Shopify

Getting stripe as your transaction solution on Shopify can help your business function smoothly. Here are 5 simple steps to add your Stripe merchant account to your Shopify website:

How To Add Stripe To Shopify

Step 1: Log into your Shopify store dashboard and go to the settings option.

Step 2: Locate “Payment Providers” from there and click on the “Accept credit cards” option.

Step 3: You will have the “Stripe” option here; select “Shopify Payments” and click on “Active”.

Step 4: Provide all the necessary credentials and complete the account setup.

Step 5: Check the payment status and history from your Stripe dashboard after transactions.

This way, you can easily accept your customer payments for the products you sell on your site, just like you accept credit card payments.

What If You Can’t Find Stripe?

In some cases, when you go to the third party payment provider options, you might not find stripe as a payment provider there. In that case, you can try this trick to enable Shopify to activate Stripe on the third party payment solutions:

Go to your general Admin settings and go scroll down to the country/region settings where you can see your current location. See if the country is supported for stripe or not. You can check the available countries from stripe’s website. If the country is an unsupported one, you have to change that to an available one, for example: France. Now, go to the third party payment option again, and you will find Stripe as an available payment option.


Setting up Shopify payment solution with Stripe payment gateway can be easy with less hectic of a process. With this Stripe instruction with Shopify integration, the process is not a big one if you’ve already though out the fees. When you know how to add stripe to Shopify, It’ll take literally a minute or so.

Don’t forget to consider the fees regarding stripe payments as your profit margins depend on it. Depending on which Shopify plan you’re using, you have to pay 0.5% to 2% for the third party payment integration. Besides, the stripe charges of 2.9% alongside the $0.30 of payment fees are also might be your concern.