An introduction to Stripe

Why Stripe is a great solution to charge application fees

Cláudia Duarte avatar
Written by Cláudia Duarte
Updated over a week ago

Stripe is one of the main payment platforms today, allowing companies – schools included, of course –, to accept payments over the internet. With respectable global availability and fantastic currency support, read on to learn why it might just be a strong fit for your institution!

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Why should I partner with Stripe?

Stripe, launched in 2011, quickly became a developers' darling because of its flexible and well-documented API that was easy to integrate through a variety of programming languages, such as Ruby, Python, Java and many others. On top of that, its' interface is highly customisable and can be made to not just visually blend in, but actually unite with the merchant's store, as the entire payment process occurs inside the application form while Stripe pulls the strings backstage. Schools can receive payments in over 100 currencies, which also Stripe an ideal solution for international applicants.

Here are the main benefits of using Stripe:

  • It's SSL protected and PCI compliant, meaning that candidates' financial details are encrypted before being transmitted to the school and are 100% safe;

  • Available to businesses in over 40 countries;

  • More than 135 currencies supported, allowing you to bill candidates in their local currencies while receiving funds in yours;

  • Payments options include debit and credit cards (such as Visa, Mastercard, Discover, American Express, JCB and more), Google Pay, China UnionPay, Maestro and Apple Pay;

  • Lets applicants stay in FULL FABRIC when making payments instead of being redirected offsite, resulting in a more fluid checkout experience;

  • Exceptionally discreet, acting as an invisible puppeteer;

  • Simple and transparent approach to service fees by charging a competitive flat rate for each successful transaction (the rates vary by country but are always flat);

  • No refund, account maintenance or cancellation fees;

  • Great customer support, with 24/7 live chat and phone support.

How do applicants experience Stripe?

Paying with Stripe is a piece of cake! 🍰 All a candidate has to do is access his or her application form, navigate to the PAYMENT tab, press PAY WITH CARD, insert their card's number, expiry date and verification code (CVC), and then click Pay with Card to confirm:

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The details will be verified and the payment processed immediately, whereupon it'll be automatically updated in FULL FABRIC.

For more information on this subject, click here.

How can I integrate with Stripe?

Please refer to this article for the answer.


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PUBLISHED: May 31, 2021
LAST UPDATED: June 3, 2021 at 8:34 a.m.

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