Streamline Payments with Stripe’s New Options!
Stripe has introduced three new payment methods—Amazon Pay, Revolut Pay, and Link—to enhance checkout experiences for businesses and customers. These options aim to simplify transactions, boost convenience, and accommodate global users. Here's how each payment method works and how you can integrate them into your payment system.
What’s New in Stripe Payments?
Amazon Pay
What it is: A wallet payment method allowing customers to check out using the payment details stored in their Amazon account.
How it works:
Customers select Amazon Pay at checkout.
They are redirected to Amazon’s website to complete the purchase using their saved payment details.
Why it matters: Offers a familiar, trusted payment method for customers already using Amazon, increasing the likelihood of successful transactions.
Revolut Pay
What it is: A digital wallet popular in the UK and EU, allowing customers to pay using their stored Revolut balance or cards.
Key features:
Supports both Revolut and non-Revolut users.
Enables non-Revolut customers to save payment details for future use.
Why it matters: Ideal for businesses targeting EUR/GBP markets, providing a seamless experience for regional customers.
Link by Stripe
What it is: A one-click checkout feature designed for speed and convenience.
How it works:
Customers at a Link-enabled business save their card details and shipping address.
For future purchases, this information is auto-filled, enabling one-click checkouts.
Why it matters: Reduces checkout friction and increases conversion rates by minimizing time and effort for customers.
How to Enable These Payment Methods
Log into your Stripe account.
Navigate to your payment settings.
Select the payment methods you want to activate (Amazon Pay, Revolut Pay, or Link).
Follow the prompts to complete the setup process for each method.
Test the payment flow to ensure smooth transactions for your customers.
Looking Ahead
Stripe is working on additional payment methods to expand global accessibility, including options like BECS Direct Debit (Australia), BACS Direct Debit (Canada), FPX (Malaysia), and more. Stay tuned for these developments to ensure your business remains competitive.
By integrating these new payment methods, your business can enhance customer satisfaction, streamline transactions, and adapt to a global market with ease.