The business life is full of necessary decisions that we have to make time and time again. One such decision is choosing and implementing the online payment system. The question about which payment gateway to use is very prevalent nowadays. If you are looking for a payment solution like the Stripe payment gateway for your Ruby on Rails App, you definitely will find some options. Choosing online payment gateway solutions for your business is one of them.
We chose to review the Stripe integration first, as this method is more common for us and our clients.
Let’s find out what is the Stripe payment gateway.
What is Stripe?
So, what is Stripe payment? Stripe is an international system that allows people and businesses to make or receive payments online. Stripe serves as a mediator between buyers and sellers. This service handles all issues connected with credit card payments, including data storage security, regular payments, and withdrawals.


Why Choose Stripe?
Which online payment system is best? The modern market provides a wide variety of Stripe payment processing systems and choosing the right one might be a real challenge. Let’s see which factors you should consider when choosing Stripe online payments for your business:
Stability
The system will work perfectly and accept payments without delays or errors.


Transparency of Payments
The Stripe online payment solution for a website does not charge hidden fees from businesses nor customers.


Reliable reputation
The Stripe payment gateway has successfully operated on the market for several years and has proven itself as a trustworthy payment processor.


Usability of the interface
The system of Stripe payments is easy-to-use and has extensive documentation for developers.


Universality
It works with all types of currencies, banks, and credit cards and can be introduced in any type of online platform. We have some examples of our work too – you can review our TikkTalk project, where we have Stripe payment gateway integration.


The core functionality of Stripe
- Accepting payments
Does Stripe accept international payments? Yes! By generating a one-time token, Stripe quickly and securely validates the sensitive details of the credit cards (such as expiration date and CVV-code) and handles the transactions.


Stripe international payments
- Creating the subscriptions
With the Stripe payment gateway solution, you can charge your customers on a daily basis using a subscription. You just need to create one using your Stripe dashboard and set the price of your future subscription.


Stripe subscriptions
- Stripe Sigma
Stripe Sigma is an analytics tool that will help your business track payment data. By sending simple SQL queries, you can obtain the recent statistics of your business and export it to a CSV file. The system stores all previously performed queries, so you can run any one of them, at any time.


Stripe Sigma
- Stripe Atlas
Stripe Atlas helps any global business start-up, from anywhere on Earth. With Stripe Atlas, it is possible to remotely register a US-based company located in Delaware. The newly established legal entity will have all the necessary documentation to begin operations, an account in a US bank, and access to the services of consultants.


Stripe Atlas
Stripe Pros and Cons
Stripe is famous for its high speed and high-security payment processing. For business owners and developers, the Stripe payment gateway provides convenient payment software for website integration. Let’s learn more about the pros and cons of Stripe.
Pros of Stripe
Detailed Documentation
Stripe is focused on developers, so it has extensive documentation, written in a simple language, so anyone can understand its API, products, and features. The documentation also contains ample ready-made solutions for the various programming languages, as well as possibilities for online payment software solutions testing and customization for Stripe gateway.
Custom Libraries
Stripe has custom libraries for a majority of programming languages, including Ruby, Python, PHP, Java, Javascript, and Node.js, allowing developers to focus on the product. With the use of these libraries, it is no longer necessary to write the additional subprograms in order to integrate the API in the initial codebase.
Testing Environment
Apart from the main documentation and libraries, Stripe has created documents and a bug-free testing environment. The online payment software provides dozens of sample credit card numbers for testing, including invalid numbers that return specific error codes.
Cons of Stripe
Geo limitations
The truth be told, geo-restrictions appear to be the weak point of many payment gateways, and Stripe just isn’t an exception. Stripe is available for business only in 39 largest countries, mostly European, Asian and American. And, though Stripe accepts payments from anywhere in the world, it remains to be an issue for the business owners from the countries out the list.
Requires a developer
If you decide to integrate Stripe payments and add some features or just customize existing ones, this will require technical skills or developer resources to customize. Though the documentation of this payment gateway is simple enough, you’ll still need to perform some coding to make it all work properly.
On the other hand, it is not really a disadvantage of Stripe as all of the payment gateways require some development help.
Alternatives to Stripe
And which online payment system is best? The popular alternatives to the Stripe payment gateway have pretty comparable features to Stripe.
MANGOPAY
Has a small API and supports users via phone in English, German, and French.


Adyen
It has a clear documentation and is easy to integrate, too.


Paypal
It has comparably larger fees (2.9%+$ 0.30 per one transaction), and is much more difficult to integrate.


Dwolla
Like Stripe, supports users 24/7. It also has a live chat for users, as well.


Skrill
It allows people to perform a credit card and email transactions. You can even withdraw cash from ATMs.


The Stripe payment gateway is the perfect choice among website payment solutions, enabling you to choose from various payment systems and instruments.
Our Expertise in Stripe Integration
At Sloboda Studio, we have been working with online payment processing for 10 years now. Here are a couple of the most typical cases of Stripe payment gateway integrations.
Veeqo
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Veeqo is a British retail platform for orders management. Some time ago Veeqo used to process all the payments manually. But as it became a big logistic platform, such a manual payment system required a lot of time and resources.
Our Solution:
We made the payments at Veeqo fully digital by integrating a Stripe gateway, we provided a system with the ability to use different payment methods.


This cleaning marketplace connects customers with professional cleaners in their area. The customers can book cleaning services for their apartments.
According to the customer’s business model, a payment for the cleaning should be transferred to cleaners after their work is done. Therefore, issues with conducting the payment used to occur.
Our Solution:
We decided to integrate Stripe payments and set up notifications about payment failures. Once a payment fails, it triggers an email notification about the unpaid cleaning. This notification invites the customers to log into the dashboard, where they can see what is the reason for the payment error and pay for the service again.
Conclusion
In Sloboda studio, we see Stripe online payment gateway as reliable, convenient, and easy to integrate. This system is the most frequently chosen by our clients, and we know this firsthand from our own experience.
So if your project needs a Stripe integration, feel free to contact us – we are always ready to help.