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Ecom Today Blog | May 26, 2021

Stripe – the best online payment solution for dropshipping and e-commerce projects worldwide

Supporting online payments has become one of the requirements for modern businesses. Though there is a wide range of payment systems, it is still complicated to choose the best payment gateway. In this article, we will review current payment processing platforms for e-commerce entrepreneurs that are seeking to accept payments online from all over the world.

Stripe is an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments. The platform meets international security standards with PCI Level 1 certification. This is the highest level of certification available in the payment industry.

Stripe uses the best security tools and practices to maintain a high level of security, data storage, recurring payments, and withdrawals.

Stripe provides high-speed processing of payments, the safety of transactions, and is easily integrated with websites and online stores

The system provides high-speed processing of payments, the safety of transactions, and is easily integrated with websites and online stores. It is also notable for:

Quick integration with any CMS;
One of the best antifraud systems. Stripe Radar helps detect and block fraud for any type of business using machine learning that trains on data across millions of global companies. It requests 3DS, risk-score, and is one of the first to introduce Strong Customer Authentication (SCA);
Instant acceptance and refunds;
Withdrawal waiting time - 2 days (5-7 days on new accounts);
Stripe takes a commission of 2.9% + 30 ¢ per transaction;
Convenient payment window right on a website (without forwarding a customer to third-party pages).

The system provides high-speed processing of payments, the safety of transactions, and is easily integrated with websites and online stores. It is also notable for:

Quick integration with any CMS;
One of the best antifraud systems. Stripe Radar helps detect and block fraud for any type of business using machine learning that trains on data across millions of global companies. It requests 3DS, risk-score, and is one of the first to introduce Strong Customer Authentication (SCA);
Instant acceptance and refunds;
Withdrawal waiting time - 2 days (5-7 days on new accounts);
Stripe takes a commission of 2.9% + 30 ¢ per transaction;
Convenient payment window right on a website (without forwarding a customer to third-party pages).

Stripe alternatives

Paypal is probably one of the most demanding and uncomfortable options for working with foreign markets. Here are some facts about using Paypal:

Sole proprietorship or legal entity is required;
It is difficult for a customer to pay without registering an account;
A customer can easily ask for refunds and win disputes;
At first, all incoming funds go to HOLD. When the first payments are received, there is a high probability of freezing funds for up to 180 days;
Entrepreneurs from CIS countries are labeled as a high-risk business, so working with Paypal is not easy;
Сustomer support: don't even try to contact PayPal support via the chat on a business account, it's better to call right away.

2Checkout + Payoneer. Having analyzed the experience of our colleagues we summarised that:

If you are planning turnover of more than $50,000 per month we do not recommend this service as your account may be banned with your funds frozen;
The long process of considering an application for the connection;
Your account may easily be banned;
Bad customer service (it takes a long time to get an answer).

According to our experience and the experience of our colleagues, we can conclude that no one was able to work with 2Checkout stably and significantly increase turnover.

Stripe alternatives

Paypal is probably one of the most demanding and uncomfortable options for working with foreign markets. Here are some facts about using Paypal:

Sole proprietorship or legal entity is required;
It is difficult for a customer to pay without registering an account;
A customer can easily ask for refunds and win disputes;
At first, all incoming funds go to HOLD. When the first payments are received, there is a high probability of freezing funds for up to 180 days;
Entrepreneurs from CIS countries are labeled as a high-risk business, so working with Paypal is not easy;
Сustomer support: don't even try to contact PayPal support via the chat on a business account, it's better to call right away.

2Checkout + Payoneer. Having analyzed the experience of our colleagues we summarised that:

If you are planning turnover of more than $50,000 per month we do not recommend this service as your account may be banned with your funds frozen;
The long process of considering an application for the connection;
Your account may easily be banned;
Bad customer service (it takes a long time to get an answer).

According to our experience and the experience of our colleagues, we can conclude that no one was able to work with 2Checkout stably and significantly increase turnover.

How to use Stripe in unsupported countries

A way to use Stripe in unsupported countries

Considering our worldwide experience, we are convinced that Stripe is the best gateway for accepting online payments. Unfortunately, Stripe is currently available in 40+ countries. You can see the list of supported countries here.

If you are running an online business and do not want to face payment processing problems, we know how to help you. The optimal and safe option is to buy or rent a Stripe account.

Our partners from Easy Payments offer the service that allows accepting online payments with Stripe worldwide. If you live in a country where Stripe is not supported, or you cannot accept online payments due to any other reason, there is a solution.

They provide an activated and verified Stripe account that is attached to one of their companies officially registered abroad. You can learn more about the service at easypayments.online/en.

A way to use Stripe in unsupported countries

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Useful links

ecomlife.pro/services – prebuilt dropshipping stores, Shopify store development, store review, video editing and other services.

@shopifyeasy – our fast-growing Ecommerce & Dropshipping community.

@ecomtoday_en – information channel with useful articles and topical news.

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In Ecommerce Life, we are committed to the protection of the privacy and security of our clients, and also of those who visit our website (that is to say, you). The Ecommerce Life team is made up of people who also use and access other websites, so we truly appreciate and respect your privacy. If you have any question about how we protect it, please write an e-mail to info@ecomlife.pro.

For all our services, the data controller (the company responsible for your privacy) is Ecommerce Life.

What data do we use and why? Let us explain it.

Your name and contact details

What do we need them for?

-To post your orders

-To send you information via a text message or e-mail, and to keep you updated. We must do it not only to keep you informed of our promotions but to inform you about when you will get your order home.

-Fraud prevention and detection. To prevent and protect you and Ecommerce Life against fraud, something which is essential for a better operation.

-To find out what you and other clients like. To guarantee that we offer what you like, and to remain your shop.

Your date of birth

-To check that you are of legal age

-Fraud prevention and detection

Payment information

-To collect payments and make refunds

-We must do this to comply with our contract with you. Because we are an online company!

- Fraud prevention and detection

Contact history with us

-To provide you with a better customer service.

-To train our staff, so that when you get in touch with us you get a better service.

Purchase history and saved products

-To suggest products you might be interested in.

-To provide customer services and assistance, dealing with returns.

-To find out what you and others like.

Information on accounts linked to us

-To make it possible for you to access our website much more easily, with no need to create an account (direct link via social networks)

-To offer recommendations on products, so that you can easily find what you like.

Your survey responses, quizzes and promotions

-To conduct a survey, a quiz or a promotion

Ip, browser, operative system

- To develop marketing tasks by e-mail

You don´t need to give us any personal information. But if you do not do it, you will probably be unable to buy on our website, and your shopping experience with us probably won´t be the best. But this is up to you and we respect that. We are dedicated to selling what you like, without your information we would not be able to keep on offering our services, as we would not be unable to send your order or to collect your payment; to sum up, we would be unable to provide personal attention to you. Our commitment with you will always be to keep your data safe.

We also anonymize personal information and bring it into groups so that you cannot be identified. We use it for different purposes, such as testing our computer systems and for research and data analysis tasks, with the purpose of improving our website and to develop new products and services. We also share this information with third parties.

USE OF PAY PLATFORMS

We are an online business, so we must work with pay platforms and processors which help us deal with and process your orders. We have looked for the best in the market, provided with security features. These platforms make the same effort as us in order to provide you with a good service, and so that your data remains safe.

Tilda deals with all processes, marketing, payment, safe transactions and shipping. Its privacy policy can be found here: https://tilda.cc/privacy/

Stripe allows users to process charges and to safely store the information on payment. It allows for a smooth payment experience from your mobile phone and desktop device. Its privacy policy can be found here: https://stripe.com/en/privacy

Paypal is a payment method which links your credit card to your PayPal account. If you want to pay, simply log in to your account, using your e-mail and password, choosing the credit card you want to pay with. Its privacy policy can be found here: https://www.paypal.com/en/webapps/mpp/ua/privacy-prev?locale.x=en_EN

SOCIAL NETWORKS AND ADVERTISING

Our website has a profile in the following social networks: Facebook, Twitter, LinkedIn, Pinterest, YouTube, Google+ and Instagram (the 'Social Network'). They have all been created with the main purpose of advertising the products and services of Ecommerce Life.

Clients and users might join the groups and profiles Ecommerce Life has in the social networks. Users who become followers of any of these groups or profiles, showing their interest in the information which might come up in such social network, accept the Conditions of Use and Privacy Policy of the pertinent social network.

Ecommerce Life might have access to and deal with the public information of the user, especially his/her contact name.

The user might access the privacy policy of the pertinent social network at any time, setting his/her profile to guarantee his/her privacy.

USE OF PROFILE

Ecommerce Life will carry out the following actions:

- Accessing the public information of your profile.

- Following a request by the user, posting information on the profile of the user – information which has been previously published on the website of Ecommerce Life.

- To send private messages using the channels of the social network, if permitted.

- Updates of the status of the page, which shall be shown in the user´s profile.

The user will at all times control his/her connections, deleting the content he/she is not interested in. The user might also amend and restrict who he/she shares his/her connections with, by checking his/her privacy settings.

We work with Google Analytics only to access certain statistical information such as sex, age, country. This helps us easily show you what you are looking for.

QUIZZES, PROMOTIONS ADN RAFFLES – WEBSITE AND SOCIAL NETWORKS

Ecommerce Life reserves the right to organize quizzes, promotions and raffles, in which the user following the page might decide to participate. If organized via a social network, the regulations of such events shall be published on it, in conformity with currently applicable law.

ADVERTISING

Ecommerce Life might use social networks to advertise its products and services. If we decide to deal with your contact information to carry out direct commercial research tasks, we will comply with current provisions in force and with the rules of the platform itself.

Below you will find a direct link to the privacy policy of the social networks:

Facebook: https://www.facebook.com/privacy/explanation

Twitter: https://twitter.com/privacy?lang=en

LinkedIn: https://www.linkedin.com/legal/privacy-policy

YouTube: https://www.google.com/intl/en/policies/privacy/

Google+: http://www.google.com/intl/en/policies/privacy/

Instagram: https://instagram.com/about/legal/privacy/

Pinterest: https://about.pinterest.com/en/privacy-policy

PARTIAL NULLITY

If any of the clauses of these Conditions of Use becomes null and void, the remaining provisions shall remain in full force and construed taking in consideration the wills of the parties and the purpose of such Conditions of Use.

If Ecommerce Life fails to require compliance with any of the rights emerging from these Conditions of Use, this shall not be interpreted as a waiver of such right, except in case of express waiver (in written form) by Ecommerce Life, or if the pertinent action, as might be applicable, becomes time-barred.

AMENDMENTS TO THE CONDITIONS OF USE

Ecommerce Life reserves the right to modify, at any time and with no prior warning, the layout and setting of the website and/or apps, along with the Conditions of Use and the Privacy and Cookies Policy.

These Conditions of Use shall always be available to users and clients, at a visible spot, for them to access them as many times as they like. Clients and users must carefully read the Conditions of Use. In any case, accepting the Conditions of Use in force at the time being will be an essential condition to contract any product or service via our website or/apps.

COMMUNICATION BETWEEN ECOMMERCE LIFE AND CLIENT

All the communications between Ecommerce Life and the Client, in connection with these Conditions of Use, shall be made through the online communications sending route if available or by email to info@ecomlife.pro

The communications between Ecommerce Life and the Client, in connection with the purchase of products and services, by the following means: e-mail, social networks and WhatsApp, among others.

APPLICABLE LEGISLATION

In Ecommerce Life, we are always working to provide you with the best service, in compliance with applicable law. Therefore, we have mobilised a qualified team which will be in charge of implementing and protecting your personal information, according to EU Regulation 2016/679, on the protection of natural persons with regard to the processing of personal data and on the free movement of such data.

More information on this new legislation which shall come into force on May 25, 2018: https://ec.europa.eu/info/law/law-topic/data-protection_en