Stripe Payment Methods

Modified on Mon, 23 Oct 2023 at 04:22 PM

Stripe is a widely adopted payment platform utilised by companies globally, regardless of their size. It allows businesses to accept multiple payment methods and streamline their global operations.


With the aim of enabling businesses to accept any payment method worldwide through a single integration, Stripe continuously expands its range of supported payment options. By using the Nutickets integration with Stripe, we align with this objective and contribute to simplifying payment processes for your customers across the world.



Your Stripe Payment Methods


It is important to note that in order to use Stripe Payment Methods, they need to be enabled via your Stripe account first. Check your Stripe Dashboard to see the available payment methods for your specific account.



Company accounts or global transactions?


To enable Stripe Payment Methods, the process must be completed individually for each company account, unless global transactions are being used. In the case of global transactions, only the parent company would require the settings to be enabled.



Enabling Stripe in Nutickets


In the admin portal go to "Settings", then select "Payment settings" Then click on the "Settings" button next to Stripe as shown in the image below: A popup window will appear displaying the following information:



Choose the preferred 'payment method types' that you wish to enable customers to utilise. Once you have selected the desired Stripe payment method(s), scroll down and click on the "Submit" button to save the changes.


It is important to note again, that in order to use Stripe Payment Methods, they need to be enabled via your Stripe account first.



About Stripe Payments


Payment methods have undergone significant changes in the past decade to cater to diverse consumer and business requirements.


In countries like the US and the UK, where card usage is widespread, there has been a notable shift towards digital wallets such as Apple Pay and Google Pay. These digital wallets offer enhanced security and convenience to users.


Similarly, certain countries like France and Japan have their own localized card networks, facilitating greater access to card-based transactions for businesses. Conversely, in countries like Germany and Malaysia, where card adoption is comparatively lower, bank-based methods are preferred and trusted for online purchases.


These markets rely on banking networks that provide a swift and secure checkout experience by allowing users to authorise payments using their online banking credentials. On the other hand, economies with a significant unbanked population, like Mexico and Indonesia, have popular payment methods that enable customers to make online purchases using cash vouchers.


It's important to determine the appropriate payment methods for integration, please consider your customer's location and your business model. Remember to conduct market research and analyse your target audience to identify the most relevant payment methods for your business.




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