How to Accept Payments with Stripe: A Step-by-Step Guide
In this guide, you’ll learn how to set up your Stripe account and start accepting payments online, in-person, and via mobile. Follow these steps to get started.
Step 1: Create a Stripe Account
First, visit the Stripe website and create an account. During the setup, you’ll need to provide your business information, including:
- Name
- Address
- Business type
- Bank account information for payouts
Once you’ve completed the setup, your Stripe account will be ready to accept payments from customers worldwide.
Step 2: Set Up Payment Gateway for Online Payments
To start accepting online payments, you’ll need to set up a payment gateway based on the platform you are using:
- WooCommerce/WordPress: Install the Stripe WooCommerce plugin.
- Shopify: Enable Stripe Payments within the Shopify settings.
- Custom Website: Integrate payments using the Stripe API.
Next, connect your Stripe account following the instructions specific to your platform. If you’re using the Stripe API, generate your API keys from the Stripe dashboard.
Enable Payment Methods
Stripe automatically supports major credit cards. To enable options like Apple Pay and Google Pay, follow the setup guide in the Stripe dashboard. You can also accept ACH bank payments for larger transactions or subscription models.
Finally, don’t forget to add the Stripe payment button on your checkout page to facilitate secure payments.
Step 3: Accept In-Person Payments with Stripe Terminal
To accept in-person payments, you’ll need a Stripe Terminal device. Here’s how to get started:
- Order a Stripe Terminal reader compatible with your country.
- Go to the Stripe Terminal page and purchase a suitable reader.
- Set up the terminal by downloading the Stripe Terminal SDK if you wish to integrate it with your own app. Alternatively, use the terminal point of sale app on your iOS or Android device for a straightforward setup.
Once everything is set up, open the Stripe app or your integrated application, select the amount to charge, and ask the customer to insert, tap, or swipe their card. The payment will be processed securely, and the funds will be transferred to your bank.
Step 4: Accept Mobile Payments via Stripe
Stripe also provides the capability to accept payments through your mobile app. For integration, make sure to utilize the Stripe SDK:
- For iOS, use the Stripe iOS SDK.
- For Android, utilize the Stripe Android SDK.
To offer mobile payment options, enable Apple Pay and Google Pay on your apps.
Conclusion: Get Paid and Enjoy Your Money
Following these steps will allow you to accept various payment methods through Stripe effortlessly. Thank you for reading, and don’t forget to subscribe for more insightful updates!