What is Stripe?
Stripe is an online payment processor that enables businesses and consumers around the world to send and receive payments. With Stripe, you can easily accept credit card payments, making it much easier for consumers to complete their payments. Every teacher will need to connect a Stripe account to collect funds from across the United States and around the world, opening up your potential pool of funding.
Below are some common answers about Stripe, if you have any other questions we encourage you to contact us or you can visit Stripe to learn more.
Here’s everything you need to know about Stripe:
Safe and secure
When you receive funding, you can be rest assured and confident in the security of Stripe. Stripe is very concerned about security standards, and in fact has some of the most rigorous security measures of all payment processors.
Every transaction is encrypted and SSL protected. This means your donors can feel comfortable knowing their credit card information is private, and you can rest assured that all transactions will be received by the recipient securely. Stripe is also PCI Level 1 compliant, which is the highest level of verified payment processing security available. Because of this, thousands of businesses around the United States and world have implemented it – in fact, you may have used it in the past when shopping online.
How to use Stripe
Stripe is different from many other payment processors in that it is very easy to use. It only takes a few minutes to register – you just need to provide basic information about who you are and why you are accepting payments, as well as banking details to get you set up.
Once you have a Stripe account, donors can easily send you funding payments. When someone decides to make a donation, they provide Stripe with their payment information and authorize the amount they would like to send (this all works behind the scenes). Only Stripe can see their credit card information – the end user cannot and Classful cannot. Stripe will process the credit card payment, and once it is authorized, you as the recipient will get an email, and the funds will be transferred to your Stripe account at midnight, every day there’s a donation.
From Stripe, you can transfer your funds to your bank account or receive a check by mail.
Who uses Stripe
Shopify, Twitter, Pinterest, TED, the Guardian, Glossier, and many others.
Why use Stripe
With national news media as well as social media platforms like Instagram and Facebook, there’s a good chance that parents and businesses people will find your campaign if you promote it effectively (and since we’re doing our part). If they want to make a donation, they can easily do so with Stripe, while knowing every transaction goes through rigorous security check during each transaction.
It’s a very secure, trusted name, so it also makes your fundraising profile look much more professional, and donors will know that they can give money safely. If you haven’t yet set up Stripe for your Classful account, you should do so right away!