Review on Stripe by francis fernandez
Stripe: expanding the digital commerce network worldwide
Platforms for electronic payments have become globally popular in recent years, due to their comfort and practicality of use and the opportunity they provide to access unlimited opportunities in many sectors.
Stripe is an electronic platform that serves as a bridge for digital commerce actors (suppliers, clients, investors, entrepreneurs); establish financial relationships by using the services offered by this payment gateway; shortening the distances and eliminating the complex processes that occur in conventional commercial relationships.
The platform makes use of the security provided by the blockchain, to promote an open market for the transfer of assets; without the need for intermediaries or the subjection of external controls.
Also; Using Stripe provides equal trading opportunities for small and large merchants; maintaining equity and justice in financial services, by making it accessible to all.
In this way, a retailer has the same opportunities that large companies in the market can enjoy, when using the multifunctional Stripe platform.
There are many functions that this digital bridge provides to its users, the following being the most important:
• Serve as a link between suppliers and customers for the safe transfer of assets
• Contribute to the fulfillment of tax obligations
• Simplify business transactions
• Offers affordable transaction fees
The marketplace currently offers many online payment options; However; not all offer the simplicity, economy, and security of the Stripe platform. In addition to its acceptance in many parts of the world.
Stripe's preference is focused on its multifunctionality and the anti-fraud security that its technology infrastructure guarantees.
Pros
- Platform for borderless payments with some exceptions
- Simplify the processes of receiving and sending money
- Allows commission savings in operations
- Allows compliance with tax obligations
Cons
- Restricted use in some countries
