The importance of payment gateways in recurring billing and payment processing is undeniable. When it comes to online payments, people cannot think of it without payment gateways. however, there are so many payment gateways. Also the importance of the payment gateway changes with the region. So, it is not easy to choose the right payment gateways for a business. in this article, you will find the details of the Stripe payment gateway and how does it help in converting your one-time customers to loyal subscribers.
Multiple Payment Methods With Stripe
For all subscription businesses, multiple payment methods are required because not all customers are comfortable with the payment method that your offer. And payment gateways like Stripe assist subscription management businesses to offer their customers multiple payment methods. For instance, Gen Z is mostly the youngsters and they like everything done within a swish. So, they prefer paying recurring charges through digital wallets or other quick means.
On the other hand, older people prefer paying online through their credit cards. Now, you need to cater to all customers. And Stripe integrated with your subscription management software will help you bring all these customers of different age groups on board and satisfy them by offering the payment methods that they find feasible.
Multiple Currency Support
Digitalism has erased the concept of boundaries. And when you have operated beyond borders, you need to offer the feasibility to the customers to pay their recurring charges in the local currency. Stripe is the payment gateway that offers you multiple currency support for 135 + currencies in more than 25 locations. This means, there is a huge customer base awaiting you out there. All you need is to integrate Stripe with your subscription billing platform.
Customer Data Security
One of the major concerns regarding online transactions is the security of customer data. Payment gateways like Stripe ensure customer data security. What a payment gateway does is the encryption of the customer data. You can integrate Stripe with your subscription management software and enjoy customer data security.
Your recurring payments with Stripe will be processed feasibly and quickly and customer data can be used again and again for the payment of monthly subscriptions. Stripe is one of the reliable payment gateways that you can use to keep the customer’s credit card information secure.
Get back Chargeback Amount
Another amazing feature of the Stripe integrated with your subscription management software is that the chargebacks that subscription-based companies to customers in case of payment cancellations can be revoked. How? You just need to resolve your payment issue with the customer and when it is resolved in your favor, you can use Strip integration to get the amount of chargeback in your account once again. Thereby, it offers you an alternative avenue to recover your lost payments.
Customer Satisfaction
Payment is a complete experience that you offer your customers. It has to be smooth and quick for the end customers. Stripe integrated with the subscription management software offers the best way to keep your recurring customers satisfied. You can offer your customers to pay recurring charges by opting for the payment method that they want. Also, Stripe is flexible enough so you can integrate multiple payment methods and third-party applications so that the complete business can be run through a single platform.
There are so many benefits of integrating Stripe with your subscription management system. SubscriptionFlow offers integration with Stripe as well so that you can retain your customers. Get recurring payments with Stripe and maintain the flow of revenue for your subscription business. If you are looking for the right payment gateway that you can integrate with your subscription management system, then Stripe is the right pick.
Are you working on development of a mobile app that accepts payments?
Well, whether it is an ecommerce app or a service provider app, it is highly likely that you are going to accept payment for your goods or services that you wish to sell.
Payment gateways are here for your rescue and we discuss how to integrate the same in your mobile app and reap the rewards of the same.First, some figures providing a clear idea about the rising popularity of mobile ecommerce.
As per Forrester Research project, mobile ecommerce will touch $144 billion in the US alone, with $38 billion coming from smartphones and tablets contributing $76 billion.
These are huge numbers and you ought not to ignore the same in case you are mulling on selling anything on the internet, particularly when there is tough competition to beat and your competitors are already breathing down your neck!Read more Stuck with payment gateway integration here’s the guide you need
And this is where things get complicated.
50% of online shoppers will abandon their carts if your app doesn’t have their favorite payment method. But there are more than 70 payment systems out there! Each has different terms (read the fine print!), fees, and features.
That’s why I’ve already outlined 13 questions you should ask while looking for a payment system. And today I’ll compare three popular gateways (PayPal, Stripe and Braintree) to make the choice even easier.
Are you running a website for your online business and looking for a suitable payment processor for it?
If yes, then by now you must have realized that PayPal and Stripe are the two most suitable options.
You must have started making Google searches like ‘Stripe fees vs PayPal’, ‘PayPal or Stripe’ and ‘Stripe versus PayPal’.
You can compare both the options on the basis of different factors and then choose the better one.
