Stripe Payments vs. Klarna

What is Stripe Payments?

Stripe itself is a technology company that, according to its own statements, "builds solutions for the economic infrastructure of the Internet". With Stripe Payments, the company offers the ability to accept and send payments worldwide via one's own website or app. The tool is supposed to be suitable for companies of all sizes and especially for retailers who are active both online and in brick-and-mortar stores, companies with subscription models, software platforms, and marketplaces. The company advertises the provision of a hosted payment page (via Stripe Checkout), customizable workflows, and numerous integrations with other SaaS providers. According to its own statements, Stripe Payments supports dozens of payment methods and 135+ currencies.

Is Stripe Payments a bank?

No, Stripe is not a bank, but an online payment service provider, which enables you to accept a large number of payment methods in your webshop.

What payment methods does Stripe Payments support?

Depending on the region where your company is based (USA, EU, and the rest of the world), the offered payment methods vary. In the EU, Stripe offers Alipay, Apple Pay, Bancontact, credit cards, EPS, giropay, Google Pay, iDEAL, Multibanco, SEPA direct debit, Sofort transfer, P24, and WeChat Pay. More information is available on the provider's website.

Is Stripe Payments GDPR compliant?

According to the provider Stripe, the software has been GDPR compliant since May 2018.