Apart from ecommerce integrations, you can connect the Stripe account with accounting and invoicing software. More than 135+ currencies can be accepted, as long as your bank account and ecommerce solution permit it. There is even a virtual terminal for the odd over-the-phone transaction.
Payouts can be a pain point, though. It typically takes about seven working days for an online transaction to clear in your linked bank account. You can schedule payouts in advance, or receive them more randomly in batches. Refunds can take about two weeks to process, which is quite a wait you’ll need to communicate to customers.
Stripe also offers the following services:
Billing: Invoicing with Stripe payments built in. Recurring invoices charge the customer’s account automatically, while one-off invoices let the customer pay online manually.
Radar: Advanced fraud prevention system based on machine learning. Chargeback protection where you don’t have to deal with disputes.
Sigma: Complex analytics based on your payments data. For those with complex analytics needs. SQL coding may be required.
Connect: Comprehensive payment features for a specialised setup such as online marketplaces. Possible to pay sellers based in 30+ countries. For those with development resources.
Atlas: Help with setting up a business and providing the legal documents for this (US$500 one-off cost). Intended for new companies.
Premium support: Fast, prioritised support responses and a dedicated account manager (starts at £1,400). Intended for complex, fast-growing businesses.
A few other features are only available in the US, including Stripe Terminal for in-person card payments.