Stripe can be used to accept payments in more than 100 currencies via web stores or iOS or Android devices.
Global payments provider Stripe now offers its services to Australian businesses.
Stripe can be used to accept payments in more than 100 currencies for transactions conducted on web stores or through mobile apps for iOS or Android devices. One-off and recurring transactions are supported, and there's provision for keeping customers' cards on file to simplify subsequent purchases - with Stripe taking care of the compliance issues.
Integrations exist with a range of other services, including Bigcommerce (ecommerce) and Xero (accounting).
The fees are 1.75% plus 30c for local cards or 2.9% plus 30c for American Express or overseas cards. Payments made in foreign currencies attract an additional 2% conversion fee (market exchange rates apply).
One of Stripe's advantages is simplicity. You don't need to sign up for a merchant account or deal with a gateway, and there are no setup or monthly fees.
"Stripe’s mission is to grow Internet commerce by providing everything an online business needs to accept payments," said John Collison, co-founder and president of Stripe. "We hope Stripe's powerful set of tools and APIs helps Australian businesses scale globally."
Companies already using Stripe include Bigcommerce, Canva (cloud-based graphic design), Flightfox (air travel planners), LIFX (the Wi-Fi light globe people), Rackspace (cloud and hosting services provider) and Shopify (ecommerce).