Take Advantage of the New Magic Members Stripe Payment Gateway Integration
Recently the Magic Members plugin added to the already staggering number of payment processors that can be natively integrated into a membership site with the addition of Stripe. Stripe has hit the ground running and is the ideal solution for a number of membership site owners who are tired of dealing with PayPal. While comparing Stripe to PayPal isn’t necessarily an accurate direct comparison, Stripe has become the number one alternative to PayPal for many site owners.
1. Stripe Features Simple Pricing
Stripe boasts one of the simplest pricing structures of all major online payment gateways. Currently, it features a 2.9% charge + $.30 per charge. If your membership site meets volume criterion the $.30 charge can be reduced. The best part is all of your earning are transferred to your bank account on a 7 day rolling basis. A key feature for membership site owners is there won’t be any monthly fees or refund costs. If a refund takes place, Stripe will return the entire fee.
2. Stripe Lets Membership Site Owners Process Payments Directly on Their Site
Another unique characteristic of Stripe is it allows payments to be processed onsite. This is one reason some people don’t refer to it as a payment gateway. It also eliminates the need for merchant bank accounts. Since Stripe processes all payments onsite with its own security technology, membership site owners also don’t need to worry about PCI compliance.
3. Stripe Boasts an Excellent API
4. Unique and Useful Analytics
Few payment processors offer a full range of analytics. As a result, membership site owners often spend as much time exporting and formatting data as they do actually analyzing it. Stripe offers a full balance history which can be exported into individual activities. This includes payments, refunds, and disputes to ensure owners get the full picture of the financial health of their membership site. Along with exporting data, Stripe also offers a full online dashboard.
5. Excellent Customer Service
If there is one arena that most popular payment processors fail it is customer service. Support is often fairly slow considering how critical it is to keep a payment gateway operating at all times. Stripe offers a variety of different ways to stay in contact during the support process. This includes email, IRC channels, and live support. The only potential drawback is there currently isn’t phone support.
It may go unnoticed by some Magic Member plugin users are currently happy with their payment processor and payment gateway, but the value of Stripe integration shouldn’t be understated. It doesn’t matter if you are setting up a brand new membership site or are simply looking to improve the user experience of your current one, Stripe is definitely a payment processor worth considering.