![]() ![]() Stripe Billing is a service that provides a convenient recurring billing model that can be used for subscriptions and memberships, which can be suitable for publications, app developers, and other internet businesses. As Stripe handles payments, businesses can use Stripe to charge for services as well as merchandise. Stripe is not limited to online retail or ecommerce. At the time of writing, Stripe charges a flat fee of 3.4% + HK$2.35 per successful transaction while other payment gateways, such as Paypal, have tiered fee charges. At the same time, beyond accepting payments in HKD, businesses can grow a global presence as Stripe processes charges and displays prices in a customer’s preferred currency to help customers avoid conversion costs and improve sales for merchants. For example, Stripe integrates into local accounts for the regions it operates in, which means that businesses in Hong Kong can settle in the local HKD currency and accept the latest digital payments in Hong Kong, such as Apple Pay and AliPay. Hong Kong’s businesses need to cater to local consumer online shopping preferences as well as wider regional requirements. How Does Stripe Work for Hong Kong Businesses? Businesses that incorporate Stripe effectively invest once in a payment infrastructure that unifies local payments and can be instantly used for global expansion. ![]() For example, Stripe can help merchants collect desktop and mobile payments, using credit cards, digital wallets, local payment methods, and in multiple currencies. All Stripe users benefit from a unified interface that help merchants process a multitude of payment scenarios, which in turn helps businesses provide flexibility to end users and shoppers. To start, a business can simply embed Stripe’s basic checkout or they can adapt the checkout design to suit their brand needs. This service makes it easy for businesses, from individual app developers to global brands, to collect payments, whether for products or services. Stripe offers this payment processing infrastructure as a service that businesses and developers can use to create their own custom online payment solutions. Stripe significantly reduces the investment barrier by handling the payment processing once transactions are accepted. Historically, building a customized online payment solution required an incredible amount of cost and development effort. The platform’s features are well suited for localized Hong Kong businesses that need to integrate payments into existing operations as well as regional and global businesses that require sophisticated features, such as multi-currency payouts. In addition, Stripe reduces the ongoing costs around payment processing, such as PCI compliance for data security. ![]() Stripe also provides the infrastructure to streamline payments for business operations, from acceptance through to reconciliation. Stripe offers a robust set of APIs for every aspect of managing digital payment transactions. At the same time, businesses with more sophisticated needs can easily utilise advanced features such as custom report generation. New businesses can embed Stripe’s checkout interface into their digital products, from in-house apps to websites. Businesses can think of Stripe as offering Payment-as-a-Service that provides an easily integrated interface and APIs for accepting payments into online stores, websites, and mobile apps. At its core, Stripe is a global payment processing platform that is built and designed with the developer in mind. ![]()
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