Digital commerce changed the way companies conduct business. Because of this digital growth, there are new ways to accept online payments for products. Online transactions must be robust, reliable and compatible with all kinds of consumers. Online payments ensure referrals and increase your revenue.
Timing is everything in a business. Suppose your customer doesn’t find a quick solution or experiences a tedious payment process for your product. They will be frustrated and you will end up losing your customer. This is why online businesses need to deploy an efficient payment system that addresses these challenges. Stripe is a software platform that makes the payment process easier for online businesses. The Stripe platform APIs are exclusively designed to bring your customers faster and more efficient online payment solutions.
VizworX Inc. is a Calgary-based custom software development company. Its custom software solutions help you integrate into Stripe to garner all the benefits Stripe software offers.
Stripe software provides many benefits with its unmatchable tools and features:
Easy management
The best APIs are incorporated into Stripe’s software to connect all the payments to a single user dashboard. With a single payment platform, the requirements for salespeople reduce significantly. Using the right tools to manage stripe data in HubSpot will further ease the payment process and lead to more efficient business operations. This results in incredible savings in employee payroll while increasing the chances for improved revenue.
Fraud prevention
There are several benefits of digital commerce, but there are also hazards and risks. For example, credit card frauds are the most prevalent fraudulence in online businesses. Businesses that do not avail of a fraud prevention strategy or fraud protection technology are likely to lose a significant share of their money to fraudsters. Stripe software has built-in fraud prevention tools to protect against such risks. This ultimately removes the need to hire experts to deal with this issue and ensures safe sales, thus increasing revenue.
Stripe radar
Stripe’s radar uses customers’ billing addresses and other details for enhanced security and fraud prevention as a machine learning tool.
Updated financial infrastructure
Businesses build connections within national territories and beyond borders by deploying online marketing techniques and methodologies. Thus, acceptance of different currencies becomes a requirement for online success. Stripe is a fantastic software platform that can scale for this challenge. It has well-documented APIs that enable seamless transactions across borders. You can even create beautiful checkout interfaces for desktop and mobile phone users.
The world of mobile screens and Stripe
We live in an era where every single person has created their own world within tiny screens of mobile and handheld devices. People prefer to make purchases on mobile while relaxing in their lounge or reclining on their couch. This means mobile and handheld device payments must have easy integrations. Stripe has SDKs for Android and iOS devices that ensure that consumers can make purchases through mobile phones.
100% transparency
Software often comes with a subscription fee and other additional costs that keep escalating with time. Companies tend to feel bound to receive the required service and fall victim to their pricing policy. Stripe is no such software, as it demands no setup fee, and there are no hidden costs. The transparent approach keeps the managers free from unnecessary strain, especially those who run a startup or small businesses.
Easy installation
Unlike other software and applications, Stripe has no complex setup requirement. Instead, its setup process is straightforward and the installation is automatic. Such an easy setup and installation makes it easier to handle the software. This frees the managing team from the burden of installing and the complications of payment systems.
Free updates
Updated software is more equipped to handle challenges. In addition, free updates add to the flexibility and usability of the functionality of Stripe software.
Effortless monitoring and reporting
Stripe is extremely easy to use and manage all your data under one standard dashboard. In addition, periodic or monthly reports for all transactions and usage are also available. Thus complete information about the online transaction provides absolute clarity.
How small-sized businesses get promoted with Stripe
Stripe is equally available for small and large-sized companies. Stripe Partner Program gives companies the freedom to customize their payments systems for each individual customer. This level of independence lets them introduce new and better customer experiences, bringing better revenue opportunities.
Stripe software has been developed in the wake of realizing that the payment process is not related to the finance of a business structure; instead, it has more to do with the interface and its complexities. Stripe has eliminated many of those complications linked with the payment process. It provides easy integration, is robust, scalable, and has flexible features and tools. In addition, it has made transactions possible in more than 100 types of currencies.
Moreover, stats have shown that businesses that integrated Stripe software increased their revenue by 6.7%, outages decreased by 81%, developer productivity rate increased by 59%, and the list goes on. Do you want the same for your business? Let VizworX Inc, a Calgary web development company, help you integrate Stripe to garner these benefits and ultimately grow your business.
