Payment Processing with Stripe Payment

Part of running a small business is the ability to accept a variety of payments in addition to cash or checks. A payment processing platform like Stripe allows you to accept credit cards, debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay, etc.), and bank debits and transfers online and in person. A leading payment processing platform, Stripe, seamlessly integrates with PetEexec petcare software. Read on to find out how Stripe works and how to get started for your small business. 

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What Is Stripe Payment?

Stripe is a widely used online payment processing platform that allows businesses to accept payments over the internet. It provides a suite of tools and APIs (Application Programming Interfaces) that enable businesses to handle transactions, manage subscriptions, and handle other financial tasks online.

Stripe enables businesses to accept payments online and in person, using simple and efficient technology. Stripe payment processing and merchant services company is accredited by the Better Business Bureau (BBB) and maintains an A+ rating.

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Stripe Payment Features for PetExec

For fast and secure payment processing, PetExec petcare software offers seamless integration with Stripe without the need for any advanced technical knowledge. It takes just a few minutes to set up your Stripe account through the PetExec dashboard. With Stripe, you can accept payments online through the PetExec mobile app, or the owner portal. Petcare businesses can also process payments in person with Stripe’s app or one of Stripe’s terminal options. 

Stripe payment features include:

• E-commerce/online marketplace payment processing
• In-person payment processing
• Ability to accept tips
• Recurring billing
• Advanced reporting tools that allow for customized reports 
• Dispute management and fraud protection
• 24/7 phone, chat and email support

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With Stripe, your clients can:

• Securely store their credit card information in the system
• Pay balances and boarding deposits through the PetExec Mobile app or owner portal
• Purchase packages though the PetExec Mobile app or owner portal
• Purchase gift cards

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What Are the Benefits of Stripe Payment Processing?

Stripe payment processing makes it easy for a petcare business to accept many different payment methods, including credit and debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay, etc.), and bank debits and transfers. Using Stripe, businesses can accept payments online, in person, or both. For online payment processing, Stripe doesn’t require any hardware and integrates with several online shopping carts. For in-person transactions, Stripe offers many options, including a free app that allows users to process payments from a mobile device, as well as several different types of Stripe Terminal card readers (available for purchase). Stripe is audited and certified as a Level 1 PCI Service Provider according to the Payment Card Industry Data Security Standard (PCI DSS), which means it maintains a secure environment for handling credit card data.

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How Does Stripe Payment Work?

Stripe was originally developed as an online payment processing platform, which requires no separate hardware. Stripe integrates seamlessly with PetExec software, allowing businesses to accept payments online through the PetExec mobile app or the owner portal.

Business operators can also accept in-person payments by using one of the free or paid options offered through Stripe:

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Tap to Pay on iPhone or Android: Accept contactless payments with just an iPhone or Android device by downloading a free app. No terminal necessary. With Tap to Pay, simply use a phone to accept in-person, contactless payments via physical debit and credit cards, Apple Pay and other digital wallets. Tap to Pay has a fee of 10 cents per authorization. Tap to Pay for iPhone is supported on iPhones XS and later, and runs on iOS 15.5 or later. Tap to Pay for Android is available on most Samsung Galaxy, Google Pixel, Oppo, OnePlus and Xiaomi devices.

Stripe M2 Terminal: The most basic and affordable option, the Stripe M2 Terminal is a Bluetooth-enabled, handheld card reader that allows you to insert, tap, swipe, type, or scan cards. This reader is easy to set up and has no monthly fee. 

Stripe S700 Terminal: This mobile, wifi-enabled card reader is a fully functioning Android device that uses the Android Payment app to function as a standalone point of sale system. Alternatively, you can pair the Stripe S700 Terminal with a mobile device. The terminal is simple to set up and has no monthly fee.

WisePOS E: This advanced countertop card reader has a digital screen. It’s enabled with wifi or ethernet. Like the other Stripe Terminal products, the WisePOS E device has no monthly fee.

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What payment methods does Stripe accept?

Stripe payment methods include all major debit and credit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay and more), and bank debits and transfers.

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How much does Stripe cost? 

Stripe offers flat-rate pricing, with no set up fees and no monthly fees. Fees are per transaction. In the United States, Stripe payment fees are 2.9% plus 30 cents per successful card charge for online transactions and 2.7% plus 5 cents per successful card charge for in-person transactions. It’s free to sign up for a Stripe account, and there is no contact length—cancel at any time.

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Getting Started with Stripe Payment for PetExec

Getting started with Stripe payment is simple. To set up the Stripe payment gateway, go to the PetExec dashboard and click Stripe Integration, where you can register and create an account with Stripe by providing your business details and banking information. Here, you can also order a WisePOS E device for PetExec. For more information about setting up Stripe payment processing and connecting a POS device, click here. 

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Commonly Asked Questions

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How long does payment processing take Stripe?

For new accounts, there is a waiting period to receive your first payout. It can vary, but the first payout usually takes seven to 14 days after Stripe processes the first successful payment. After that, you can select your payout speed. On the dashboard, the payout speed defaults to daily. It usually takes about three business days for the funds to become available from the time the charge is processed until the money is deposited into your bank account.

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What cards does stripe accept?

In the United States, Stripe accepts all major credit cards, including Visa, Mastercard, American Express, Discover, JCB, Diners Club and China UnionPay. Stripe also accepts debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay and more), and bank debits and transfers.

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Are Stripe payments safe?

Stripe is audited and certified as a Level 1 PCI Service Provider according to the Payment Card Industry Data Security Standard (PCI DSS). Level 1 service providers are required to have an annual audit to ensure they maintain a secure environment for handling credit card data, making this the highest level of certification available in the payments industry. 

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Stripe utilizes many different security measures to ensure transactions and customer information is safe, including: 

• Industry-standard TLS (Transport Layer Security) encryption (decryption information is store separately)
• Tokenization that eliminates the need to store sensitive card details on the merchant’s servers
• Two-factor authentication (if desired)
• Advanced algorithms that detect and prevent fraud

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What are the Stripe payment options?

Stripe allows you to accept payments online and in person. In the United States, Stripe accepts all major credit cards, including Visa, Mastercard, American Express, Discover, JCB, Diners Club and China UnionPay. Stripe also accepts debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay and more), and bank debits and transfers.

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How much are Stripe payment processing fees?

Stripe offers flat-rate pricing. Fees are per transaction. There are no set up fees and no monthly fees. Transaction fees are different depending on whether the transaction takes place online or in person. In the United States, Stripe payment fees are 2.9% plus 30 cents per successful card charge for online transactions and 2.7% plus 5 cents per successful card charge for in-person transactions. Signing up for a Stripe account is free and you can cancel at any time. There are no contract lengths.

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What credit cards can clients use with Stripe and does that cost change by type of card?

In the United States, Stripe accepts all major credit cards, including Visa, Mastercard, American Express, Discover, JCB, Diners Club and China UnionPay. Stripe also accepts debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay and more), and bank debits and transfers. Fees are per transaction, and remain the same regardless of what type of card or other form of payment is used. However, the fee is different depending on whether the transaction takes place online or in person. In the United States, Stripe payment fees are 2.9% plus 30 cents per successful card charge for online transactions and 2.7% plus 5 cents per successful card charge for in-person transactions.