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, handling all transaction processing, security, and payouts securely in the background.

Frequently Asked Questions (FAQs)

  • Is Charge for Stripe owned by Stripe?
    No, Charge for Stripe is a third-party application and an official Stripe Verified Partner. It is designed to work exclusively with the Stripe platform, allowing you to use your Stripe account for in-person mobile payments.
  • Why do I need a Stripe account to use Charge for Stripe?
    Because Stripe is the payment processor. Charge for Stripe provides the user-friendly interface on your phone, but your Stripe account is what’s actually connected to the banking system to securely process payments and deposit funds into your bank account.
  • Is Stripe a bank?
    No, Stripe is not a bank. It is a payment service provider (PSP) that provides the software and financial services to allow businesses to accept payments. They partner with financial institutions to facilitate the movement of money.

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