Why Stripe is the Way Forward for your Digital Product
04.05.2021 | 2 min read
10Clouds is pleased to announce its partnership with Stripe, the complete payments platform already used by millions of businesses of all sizes. We've already been using Stripe in many of the products that we deliver to clients, so we're excited for this next step.
We believe that Stripe’s payments infrastructure offers our clients excellent solutions when it comes to accepting payments, sending payouts and so much more. We’re looking forward to making the most of what it has to offer, with the aim of improving the efficiency, usability and safety of the fintech and banking products that we deliver.
Stripe in a nutshell
Stripe’s products power payments for online and in-person retailers, subscriptions businesses, software platforms and marketplaces, and everything in between. It also helps companies beat fraud, send invoices, issue virtual and physical cards, get financing, manage business spend, and much more.
How your business can benefit from Stripe
If you are a retail company, Stripe can help you grow both online and internationally. During this pandemic many organizations are turning into E-Businesses. This is not only helping them get clients locally, but can help them get recognized at a bigger level.
If you are already a SaaS platform and have a huge number of clients, Stripe can help you automate your payment system. You no longer have to worry about charging your clients every month or about failed transactions. Stripe will automatically take care of it and charge your customers automatically until the payment is successful.
If you have a marketplace platform you no longer need to spend extra resources to manually transfer funds to your merchants. Stripe can automate the process for you and you can make sure the funds will be transferred to your merchants on time without any mistakes.
The other problem bigger platforms face is having to tackle fraud, which is something that Stripe can also help with. You can make your customer verify their identity before they can start using your platform. This way, you are stopping the fraudsters from even entering your system let alone taking any negative actions.
Stripe also offers advanced tools for managing fraudulent transactions. It uses ML to distinguish fraudsters from customers and applies Dynamic 3D Secure to high-risk payments.