Stripe is one of the biggest companies in the world when it comes to processing payments. With billions of dollars in market capitalization, it’s clear that this company is here to stay. And with good reason: Stripe’s services are inexpensive, and they offer a variety of packages tailored to any business size.
If you’re looking to accept payments via credit card, but you don’t want to host a conventional online store, Stripe is a great option. In this article, we’ll show you how to set up a Stripe subscription so that you can begin accepting payments without having to run your own online store.
The Basics Of Setting Up A Stripe Subscription
When you create a Stripe account, you’re given an application key and an API key (short for “application programming interface”). The application key is what you’ll use to connect your Stripe account to your online store. If you’ve ever used Stripe with a Shopify store, the key will be very familiar: you’ll use it to create coupons and offer discounts to your customers.
The API key is what you’ll use to access your Stripe account’s functions. You won’t need to provide it to anyone, but it’s necessary for connecting your Stripe account to your web browser. When you log into your Stripe account, you’ll see a screen similar to this:
As you can see, the API key is right in the top-right corner of the screen. You don’t need to provide it to merchants, but you should keep it safe because it’s necessary for connecting your account to your web browser.
When you want to set up a subscription with Stripe, you’ll first need to create a customer. To create a customer, navigate to Settings from your dashboard and then click Subscriptions. To set up a subscription with Stripe, navigate to Settings from your dashboard. Then, click Subscriptions. Finally, click the + Add New button.
On the next page, you’ll need to provide your email address, a description for the subscription, and a website. Once you’ve filled in these details, click the blue button saying Create Subscription.
On the next page, you’ll see a brief introduction to Stripe’s subscription products followed by a table listing the different types of subscriptions available. To see an example of a subscription form, click the Get Started button. On the next screen, you’ll see a brief introduction to Stripe’s subscription products followed by a table listing the different types of subscriptions available. To see an example of a subscription form, click the Get Started button.
Why Should You Use Stripe?
Stripe’s services are extremely popular among entrepreneurs and business owners because they offer a way to process payments with a credit card without having to run your own online store. As a business owner, you don’t need to worry about keeping track of all the different payments processing firms you work with (and trust) in order to run your business.
Also, since Stripe processes payments via credit card, you don’t need to worry about collecting payments in cash or using a debit card.
And finally, as a business owner who accepts credit cards, you don’t need to worry about getting clobbered by credit card fees when you process a sale. Stripe takes care of all the fees for you.
How Do I Connect My Stripe Account To My Website?
Now that you have a Stripe account set up with all the information you need, it’s time to connect it to your website. To do this, click the + Add Connections button from your Stripe account’s settings page.
On the next screen, you’ll see a list of all the websites you’ve connected to your account. To connect your Stripe account to your site, simply click the Add button next to the URL of the website you want to connect to.
Once you’ve added the website, you’ll need to click the Save Changes button to connect the account. Now you can start accepting payments via Stripe!
Congratulations! You have just connected your Stripe account to your website. Now you can start accepting payments via credit card without having to run your own online store.
Does This Mean I Can Afford to Forgo Having A Website?
Having a website is not necessary for every business. If your product is physical (like food or drink), you might want to consider setting up a shop without a website. But for most businesses, a website can be a great way to get exposure, grow your customer base, and make sales.
However, you don’t need a website to connect to Stripe. You can distribute your product list, including UPCs, and get paid without having an online store.
An alternative to having a website is to create a social media page and start engaging with your audience there.
What If I Don’t Want To Use Credit Cards On My Websites?
Stripe offers several other methods of payment that don’t require a credit card. For example, you can set up direct deposits from your bank account to your customer’s accounts or use an e-check solution. You can also opt for the “invoice” payment type, which is similar to the way you’d pay an employee: when the buyer pays for the product, they get an invoice, and you pay the invoice rather than the individual.
However, credit cards are extremely convenient when paying for something online and eliminate the need to remember to deposit funds into your customer’s accounts. Stripe makes it easy for you to accept credit cards on your site.
What About Fraud Prevention?
Every business, large or small, accepts that they’re going to get fake charges and “fraudulent activity” on their credit card accounts. Thankfully, Stripe has you covered when it comes to accepting credit cards online. When you set up your account, you can activate two-factor authentication (2FA) to protect yourself from fraudulent activity.
Stripe offers several different 2FA solutions, such as text messages or apps on your phone. If someone tries to get you to click a link in an email or text message that looks suspicious or try to login to your account with a different email or password, you’ll be prompted to authenticate.
Additionally, if you’re concerned about security, you can enable “IP Restriction” to allow only certain IP addresses to login to your account. You can also set a monthly spending limit so that your bank account doesn’t get “overcharged” by Stripe.
Stripe is a popular choice among entrepreneurs and business owners who want to accept credit cards online because of its versatility and low cost. Plus, as a business owner, you don’t need to worry about getting clobbered by credit card fees when you process a sale.