Stripe-An Easy Billing Choice That'll Grow With Your Company
Overall Satisfaction with Stripe
Stripe is being used as our primarily billing system. We utilize it for both one-time payments and recurring subscriptions. Stripe is being used for all services we bill since it's such a versatile platform. It solves the business problem of how to easily collect money from customers. We're able to add customer information into the system once and allow auto billing to take place month over month, collecting revenue.
Pros
- Easy to set up. Getting the account set up is really easy. You just need to have some information on hand, but answering the questions/fields is very easy to get it running.
- Great dashboard. The main dashboard when you log in is great to give you an overview of current day revenue, past month revenue, YTD revenue, new customers, and other KPIs your business leaders will want to see.
- Very flexible. The best thing about Stripe is the ability to integrate it with almost any web platform, whether an iOS app or Wordpress website.
Cons
- Stripe is really focused on being developer friendly-- they could really improve the platform for those who aren't developers but are looking for some basic website integrations that look nice.
- UIX for adding customers/billing could be improved. Creating a client facing app or web portal would solve this issue and be relatively easy to build.
- Those are the only 2 areas of improvement I see-- otherwise, great platform!
- Positive impact-- easy to collect money.
- Positive impact-- faster collection time.
- Positive impact-- a single source of revenue collection.
I've used PayPal in the past and while it's great for trustworthiness, it's not as nice as Stripe. I prefer to use Stripe due to the dashboard, coupon functionality, easy subscription billing, nice invoices, and integration features available. PayPal is still a great platform, with the same costs, but at the end of the day, Stripe UIX and integration possibilities made it look more professional (due to white label ability).
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