The Many Benefits of Stripe’s Dashboard

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Thinking about using Stripe’s Dashboard to process payments?

Over 3 million websites use Stripe.com to handle transactions. The service is available in 46 countries and has processed over $350 billion since 2010. Stripe is simple to use and anyone can accept payments within minutes.

This article looks at the many benefits of the Stripe Dashboard.

Discover how to create a new account and log in to the Stripe Dashboard. Learn how to view your current payments, customers, and products. See how to create financial reports and view performance data.

Read on to learn all about Stripe including its weaknesses and why you might consider another payment processor.

Stripe Payments

Stripe went live in 2010 with the goal of ‘increasing the GDP of the Internet’.

Tired of difficult payment processor set-ups, the founders wanted to create a simple workflow to take payments online. Their aim was to let anyone create an account within minutes and integrate their systems with Stripe.

Today, Stripe’s payment stack powers thousands of websites, apps, and businesses around the world.

Developers love the ease of integration and companies like the simple yet powerful dashboard. Although Stripe’s fees are also straightforward, the processor’s 2.9% + $0.30 aren’t the most competitive.

Stripe Login and Registration

How simple is it to register and log in to Stripe.com? The short answer is very.

Visit https://dashboard.stripe.com/register and you’ll see the ‘Create your Stripe account’ form. Add your name and email address, choose a secure password and select your country. Click on ‘Create Account’ to continue.

Stripe offers multiple connections to the most popular e-commerce and e-business platforms.

The system works with WooCommerce using a plugin. Magento sites can integrate with Stripe and so can Shopify stores. Developers can write their own code to link POS systems and Stripe’s terminals.

Choose an existing pre-built solution or developer option or skip this section completely. Stripe will then forward you to the Dashboard.

Stripe Dashboard

The Stripe Dashboard is a service portal. Tabs include:

  • Home – main Stripe Dashboard with summaries
  • Payments – links to incoming payments and orders
  • Balances – current Stripe balance and bank transfers
  • Customers and Products – a list of your customers/products
  • Reports – financials and analytics

Other options like Connect and More provide extra functionality. However, most business owners will use the main links above.

Like every good virtual terminal online dashboard, Stripe Dashboards link you to the data that matters most.

The Home tab provides a summary of your daily and weekly sales including your current balances. You can view the total number of new customers and successful payments. The screen also highlights any disputes and high-risk payments.

What functionality do the other tabs offer and how can you access features like purchasing physical terminals?

Stripe Payments and Hardware Orders

The Payments screen lists all of your incoming payments. That includes successful, refunded, and uncaptured attempts.

By selecting an individual payment you can access its full details including:

  • Total amount in the selected currency
  • Date, customer, payment method, and evaluation
  • Payment details including a timeline of edits
  • Receipt history

The system allows you to view or create a receipt and send it to your customer via email. Developers can access the ‘All Activity’ log to check authentication against internal systems. Navigation between sections is straightforward and intuitive.

Payment Readers and Terminals

Like Payline’s Countertop Payment solutions, Stripe offers several hardware options to accept payments.

Clicking on the ‘Readers’ link lets you purchase new readers and terminals. The BBPOS WisePOS E wireless solution has a JavaScript and iOS SDK. This means it can work with any website or iPhone/iPad app.

You can view useful documentation on this screen and also check your current hardware then link them to your Stripe account.

Balances and Bank Transfers

The Balances screen displays your Stripe currencies, outgoing transfers, and estimated incomes.

You can also add a top-up fund that acts as a credit to your nominated account. The Payouts link shows all initiated transfers and estimated arrival dates.

This screen also highlights one of Stripe’s disadvantages.

The pro of a quick setup comes with the cost of long delays to payouts. On average, Stripe takes about seven days. This can rise to 14 days in certain circumstances.

Customers and Products

Stripe can work with your existing list of customers or act as a database to store contact and order info.

The Customers screen lists all customers who have attempted to pay via your Stripe account. You can filter these results and search for information. You can also export data to a spreadsheet.

Clicking on a customer will display their full details and activity. You can also issue a refund if required or send them an email receipt.

The Products screen enables you to add products that will link with Stripe’s pre-existing shopping cart solutions. You can also add coupons, shipping rates, and tax rates and export data to your local computer.

Stripe Dashboard Reporting

Stripe provides a wealth of reporting tools to help reconcile payouts and check your performance.

Choose the Financial Reports link to filter data for specific time periods and locations. It will display results like your starting and net balances and total payouts.

The reporting section also includes an authentication area that shows 3D secure conversions. Download data as a summary or as itemized items.

Stripe Dashboard Reviews

Stripe’s success is built on its easy integration. You can create an account and link it with the likes of WooCommerce within minutes.

Stripe’s customer service portal overflows with useful information. Although they don’t offer direct phone support, you can request a callback in English. This service aims to contact you within five minutes.

However, the main gripe about Stripe is its pricing structure and long payout delays.

Non-European fees are 2.9% plus a nominal fee per transaction. Expect to wait over a week to receive your money. Terminals and card readers also require developer integration.

Best Priced Stripe Alternative

Stripe is an excellent payment provider.

It’s simple, powerful, and offers instant payment processing. The Stripe Dashboard is very easy to use. Yet, high transaction rates give rise to concern for most business owners.

PaylineData.com offers a low-cost solution for both in-person and not-present payments.

Fees start at only 0.4% plus $0.20 per transaction plus $20 per month for online payments. We offer everything Stripe does at a fraction of the cost due to our interchange-plus pricing model. This allows you to take advantage of the wholesale rates set by the card brands, as opposed to paying a flat rate. All while getting the same features.

Sign up today to see how Payline can help your business sell online or in your local store.


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