Integrating our marketplace also means having access to a payment system designed for e-commerce. Find out more about Stripe in just a minute!
The Stripe solution
Stripe is the payment system that manages all transactions between the marketplace and your merchant account. As soon as there's a payment or refund, Stripe takes care of transferring the corresponding amount between the different parties (customer and merchant).
In other words: it's a kind of virtual wallet that allows you to receive money from your online customers and reimburse any dissatisfied ones.
Stripe is a tool developed by our partner of the same name (Stripe, that is).
When is the commission deducted?
From Stripe to my bank account
Obviously, the money deposited in your Stripe account is not meant to stay there. Stripe is linked to the bank account you provided when you created your account. Every time you transfer money to Stripe, it's immediately and automatically transferred to your bank account. So there's nothing for you to do - everything is automated.
Please note that transfers are one-way only: Stripe -> personal bank account. You will never be debited by Stripe.
Why use Stripe?
Stripe offers a number of advantages:
- First, for the merchant. Stripe allows you to manage the ups and downs of e-commerce. It may happen, for example, that your balance on Stripe becomes negative, because a dissatisfied customer asks for a refund. There are no additional costs for you!
- Stripe allows payments to be broken down by merchant account. In other words, customers can buy from several merchants and pay only once with their bank card. It's simplicity at its best! What about refunds?