How Magento stores Process Worldwide Payments by Stripe

Payment is considered to be the last step on the customer purchase journey. It will decide whether a visitor becomes your customer or not. Hence, provide them the most convenient checkout process is the priority purpose of online stores. Mageplaza is eager to introduce a famous payment gateway: Stripe. How it works, and why people choose it for their websites?

Let discover all the answers in this blog!

Main Contents

• What is Stripe?
• Why choose Stripe Payments?
• Great functions of Stripe Integration on Magento 2 stores
  • Major Worldwide Payment Cards Are Accepted
  • Popular Local Payment Methods Are Accepted
  • Support 3D Secure
  • Payment Methods For Smart Devices Is Supported
  • Payment Card Information Is Stored
  • Payment Can Be Created From Admin Side
• Full features that Stripe module supports e-stores

What is Stripe?

Stripe is known as one of the most popular payment gateways internationally. According to Datanyze, Stripe ranks the second only after Paypal on the number of the website who use it as their payment processor. The Stripe company is heart quartered in San Francisco, California, US. This software allows individuals and businesses to make and receive payments online in almost all websites integrated with them.

Strip supports the following payment methods:

• Debit and credit cards: Visa, American Express, Mastercard, Diners Club, Discover, UnionPay, JCB
• Local Payment: Alipay, Bancontact, EPS, Giropay, iDEAL, Przelewy24, WeChat Pay, etc.

Why choose Stripe Payments?

First of all, experts agree that Stripe is the best Payment gateway that provides you the worry-free security. For certain PayPal and Authorize.Net, the checkout security is left to the merchant, Stripe takes that responsibility. To ensure this, the payment portion of checkout always be hosted by Stripe themselves. By this way, payment information is entered directly into Stripe’s secure server and never touches your store’s data.

In addition to top security provider, Stripe also offers an unexpected number of useful functions. The payment gateway accepts over 100 currencies. Moreover, it supports ApplePay, AndroidPay, and even Bitcoin, etc. But we believe that the thing will surprise you most is the cost. Stripe has the simplest pricing structure among Paypal, Authorize.Net.

Stripe charges a flat rate of around 2.9% per transaction, which already cover for all of its services including no monthly fees, no add-ons for recurring payments or declined charges. In fact, the only cost you need to pay if you return the service is $15, which is cheapest in three payment providers.

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Great functions of Stripe Integration on Magento 2 stores

If you are looking for Stripe Integration Solution on your store, you are landing at the right place. Mageplaza Stripe Payment will assist you with the most advanced function of a Multiple Payment Methods Provider. Here we list some outstanding features that you may need to glance at once:

Major Worldwide Payment Cards Are Accepted

With this feature, your customers can make payments using all the worldwide commonly-used debit and credit cards. Below are some types of cards that are accepted:

• Visa
• American Express
• Mastercard
• Diners Club
• Discover
• UnionPay
• JCB

Popular Local Payment Methods Are Accepted

Besides accepting popular worldwide credit cards, the Stripe extension by Mageplaza also allows customers to check out and pay through various popular local payment methods including:

• Giropay
• Alipay
• IDeal
• Bancontact
• SOFORT
• Przelewy 24
• EPS

The diversity in the payment methods will make the payment step at the checkout page become easier and more convenient for both customers and stores.

Support 3D Secure

This amazing feature allows you to activate 3D secure verification. Once the 3D Secure has been enabled in the Stripe extension, an extra verification layer which protects customers from fraudulent payments will be applied.

And when it is activated, the security of the payment process will be reinforced and keep customers safe from credit card information leak out.

Payment Methods For Smart Devices Is Supported

This feature enables customers to complete their transactions through various smart devices, for example, smartphone or tablet. Below are some payment methods which are included:

• Google Pay
• Apple Pay
• Microsoft Pay

In which, Google Pay support users on Google Chrome, while Apply Pay is integrated with Safari Browse. Also, Microsoft Pay supports Microsoft Edge. Comparing to traditional payment methods, the above ones are not only more convenient but also more security.

Payment Card Information Is Stored

The Customer Credit Card Vault function of Striper allows the customer credit card number to be stored securely through secure servers.

Consequently, at the next purchase, customers are no longer need to fill in the card information again, which could save a considerable amount of time for customers as well as enhance their payment convenience without any risk.

Payment Can Be Created From Admin Side

Admins are now able to create payments for customers is an interesting feature of this extension.

Right from the backend, new orders and process payments can easily be made through the customer gateway of Stripe. With the supports from admins, customers can reduce a significant amount of workload in particular situations, which would help increase their shopping experience considerably.

Full features that Stripe module supports e-stores

For Store Admins

General Configuration

• Enable/ Disable the Module
• Choose the Stripe testing environment
• Input the secret key
• Activate/ Deactivate 3D Secure
• Payment can be created from admins

Stripe Cards Configuration

• Enable/ Disable Payment Methods via Credit Card
• Set the card payment section title
• Choose payment actions: Authorize or Authorize and Capture
• Choose types of payment card: Visa, MasterCard, American Express, UnionPay, Discover, JCB, and Diners
• Customer Credit Vault are allowed
• Choose to apply Stripe payment for particular nations
• Fill in customers’ detailed instructions
• Choose the sort order for Stripe position

Local Payment Methods

• Approve/ Disapprove Alipay payment or Giropay payment
• Set this payment type title
• Choose payment actions: authorize only or capture
• Choose nations for this payment method to be applied
• Fill in customers’ detailed instructions
• Set the sort order for this payment method position
• Allow other payment methods such as Bancontact, SOFORT, IDeal, Przelewy 24, EPS

Smart Devices Payment Methods

• Google Pay
• Apple Pay
• Microsoft Pay

For Customers

• Make payment using various card types
• Make payment using local payment methods
• Make payment using smart-device payment methods
• Allow having the payment process made by store admins
• The transactions are high security and convenience
• Have the information stored for the next purchase
• Have a superior experience while shopping

Final Thoughts

Stripe by Mageplaza for Magento 2 allows store owners to have the ability to process a great number of payment methods directly on the store site. With Stripe, buyers can stay on the store during checkout time without being redirected to an external page. This significantly increases the conversion rates of online stores.

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