stripe payment processing Archives - Untame

Why We Switched to Stripe for Payment Processing

Posted by | Stripe | One Comment

Are you tired of paying a monthly fee to a merchant account and a payment gateway just for the privilege of accepting consumer credit card payments? We here at Untame used to pay nearly a thousand dollars every year just to offer this convenience to our customers, whether or not we processed any payments.

Then we discovered Stripe. Whereas bigger contenders like charge a monthly processing fee as well as a per transaction fee and a percentage, Stripe completely eliminates the costly monthly fees and charges only 2.9% + 30 cents per successful charge. No setup fees, no monthly fees, no card storage fees, no hidden costs: you only get charged when you earn money.

When weighing different options for payment processing we found Stripe to be the clear winner over many other payment processors. Here’s why:

  • No monthly or setup fees
  • No charge for failed payments
  • No merchant account or gateway required
  • American Express is charged at the same rate as any other card
  • No surcharge for business or international cards
  • Stripe handles the PCI compliance on their end

Acquiring a merchant account can be a lengthy process and generally involves a ton of paperwork. With Stripe you don’t have to have a merchant account and you can start selling online right away.

If you’re a small business looking for a way to save money, then Stripe may be the ticket for you. Stop paying thousands per year in monthly merchant and gateway fees and give Stripe a try. If you want to take advantage of these savings but need a little help getting set up, get in touch with us. We

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