Up until recently the only major player in the simple-to-use and easy-to-set-up payment gateway systems in New Zealand was PayPal. But as-of this month, Stripe (which for a long time has been available in over 25 countries including Australia, the UK and the US) has finally become available in New Zealand.
One of the reasons I prefer Stripe over PayPal is the seamless way it integrates so nicely into websites, and how easy it is for customers to use. Here’s an example of the checkout screen – an attractive popup.
Like PayPal, payment processing with Stripe can be used without having to register and maintain a merchant account. Stripe has a two-day waiting period for initial transactions, during which time it profiles the businesses involved to protect against potential fraud. Stripe then transfers the funds directly into the bank account linked to the payee. Stripe can accept payments from Visa, Mastercard, and American Express cards in 114 currencies, and is optimised for mobile phones. The Stripe account admin area is beautifully designed, modern and user-friendly – much nicer than PayPal’s.
Stripe charges a percentage-based fee each time you accept a credit or debit card payment. The price is the same for all major cards. There’s no additional fee for international cards, failed charges, or refunds. At the time of writing this, Stripe charges 2.9% + NZ$0.30 per transaction. PayPal is 2.7% plus NZ$0.45 per transaction.
At this stage Stripe in New Zealand is in beta mode, which you can set up by clicking on the ‘Join Beta’ button on their website – https://stripe.com/nz/pricing
If you’re interested in having me integrate Stripe into your website just email email@example.com and I’ll get back to you to discuss the process.