Stripe Terminal is Stripe's own solution for in-person payments, which includes programmable software and pre-certified hardware (card readers). It allows businesses to extend their online Stripe integration into a physical retail environment. While it shares the same goal as Charge for Stripe—enabling in-person payments—Stripe Terminal is often integrated into more complex, custom POS systems and [...]
A payout is the transfer of funds from your Stripe account balance to your linked business bank account. After you successfully charge a customer, the funds are held in your Stripe account. Depending on your payout schedule, Stripe will then automatically transfer these funds to you. This process is also sometimes referred to as a [...]
Stripe Connect is a specific Stripe product designed for platforms and marketplaces to accept money and pay out to third parties. For example, a platform like Shopify uses Stripe Connect to process payments for the thousands of individual stores on its platform. While powerful, it is generally not a product that a typical user of [...]
The Stripe Dashboard is the web-based user interface for your Stripe account. From the dashboard, you can view every transaction processed through Charge for Stripe, issue refunds, manage disputes, see upcoming payouts, and access detailed financial reports. It's the central control panel for managing the financial side of your business. Frequently Asked Questions (FAQs) Can [...]
A Stripe Account is the account a merchant creates on the Stripe platform to accept payments, manage customers, and receive payouts. This account must be set up and verified before you can use Charge for Stripe. It serves as your central hub for all payment activity, providing access to transaction history, financial reports, and business [...]
Understanding these terms is key to using Charge for Stripe effectively. Stripe Stripe is a technology company that builds economic infrastructure for the internet. Businesses of all sizes—from new startups to public companies—use its software to accept payments and manage their businesses online. Stripe is the payment processor that powers the Charge for Stripe app, [...]
The interchange fee is a fee paid by the merchant's bank (the acquirer) to the customer's bank (the issuer) for every card transaction. It makes up the largest portion of the total transaction fee paid by the merchant. The fee rates are set by the card networks (Visa, Mastercard, etc.) and vary based on factors [...]
Transaction fees are the costs a business pays for each electronic payment it processes. This fee is typically a combination of a percentage of the sale amount plus a small fixed fee (e.g., 2.7% + 5¢). It's a collection of separate fees—the interchange fee, assessment fee, and the processor's markup—bundled into a single charge for [...]
Card networks, also known as card associations or card brands, are the companies that act as the governing bodies and intermediaries between acquiring banks and issuing banks. The most well-known card networks are Visa, Mastercard, American Express, and Discover. They set the rules for transactions, manage the flow of information, and maintain the networks that [...]
An issuing bank is the financial institution that provides a credit or debit card to a cardholder. It is the customer's bank. When a purchase is made, the issuing bank is responsible for verifying that the customer has sufficient funds or credit available and then approving or declining the transaction. They "issue" the card to [...]
