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Since January 2024, Stripe requires plugins to leverage Stripe Apps. All new and existing plugins must use a Stripe App to authenticate users for their service using OAuth 2.0 or a restricted API key. Please, check our User Guide to install Stripe Connector from Amasty to avoid any mistakes during setup and work with this extension.
🚩 Challenge
Did you know that nearly 29% of users abandon transactions because their preferred payment option is not available? Unfortunately, supporting additional payment methods can be complex and requires significant technical expertise, including the implementation of custom APIs. On the other hand, Magento 2 integration with multiple payment service providers can be quite costly, in terms of developer time and potential loss of revenue due to system errors and inadequate support.
💫 Solution
By using the Magento 2 Stripe Payment gateway extension, you can prevent losing customers at checkout and regain their trust by accepting all major credit and debit cards from around the world. Your customers can now pay using over 135 currencies through either local or international payment methods. Additionally, the Magento 2 Stripe Payment module streamlines the technical integration process, as it allows for accepting any payment method through a single API, reducing both risks and complexity.
Increase conversion rates by providing customers with a smart payment experience
Stay cost-effective by reducing costs of processing online payments by 24% with Stripe
Save time on processing global payments with a single integration
Benefit from Amasty's Magento 2 Stripe Payment gateway extension - pre-built UI components that help your customers input their information quickly and correctly. While minimizing user errors and speeding up the checkout process, they help you avoid losing customers at the checkout step and, thus, increase profits.
Enhance UX by saving customers' cards details
Improve your customer's shopping experience by streamlining the payment process. Consider allowing them to save their card details on Stripe's secure servers. This will allow them to skip entering their information in the future and complete their purchases quickly. You can encourage repeat purchases by making the checkout process faster and easier.
Enhance loyalty by making customers feel secure
Stripe payment gateway in Magento 2 is a reliable payment method that many customers trust. However, they may feel uneasy about not knowing which payment option is being used during checkout. To ease their concerns, add a Stripe badge next to the payment method title. This will increase trust and make customers feel more secure during the payment process.
Use magento 2 partial invoicing for low-stock goods
If you're low on inventory and a customer places an order for more goods than you currently have in stock, you can use partial invoicing. This means invoicing the customer for only the goods you have available, then fulfilling the remainder of their order when more inventory becomes available. This approach can build trust with your customers and encourage them to return to your store.
Use customers' saved cards to create orders from the admin panel
In some cases, it may be necessary to create an order manually from the backend. Your customers may also request changes to their orders, such as correcting an error. With Magento 2, admins can view customers' saved card details and use them to create orders more quickly and accurately. This helps prevent errors and ensures a faster, smoother ordering process.
Choose different types of layout for your Checkout Page
With the help of Stripe's Optimized Checkout Suite integration, this module offers flexible form layouts and theme options, allowing the customization of the checkout design to align with the brand design. This integration enhances the user experience by enabling cohesive button styles, color schemes, and layouts that reduce cart abandonment and boost customer trust. With Stripe's customization tools, businesses can create a smooth, branded checkout that meets both aesthetic and functional needs.
Amasty is proud to be the first in the Magento market to have met security compliance requirements for activation keys and is now also pioneering the implementation of Stripe's Optimized Checkout Suite functionality. Read more about these features in our blog via this link.
If your business operates in the European Economic Area (EEA) or accepts payments from EEA residents, it's important to comply with the Strong Customer Authentication (SCA) requirements of PSD2. This regulation helps prevent fraud and enhances shoppers' security, but it can be tricky for merchants. Learn more about Stripe and PCI compliance requirements.
Compliance with the Payment Card Industry Data Security Standards (PCI DSS) is mandatory for anyone handling card data. With Stripe Magento 2 Elements, sensitive data is transmitted directly to Stripe without passing through your servers, ensuring full protection of your customers' card information.
To help prevent malicious actors from stealing sensitive information, 3D Secure adds an additional layer of fraud protection. By using 3D Secure card verification checks, you can also shift the liability for chargebacks. It's possible to make 3D Secure verification mandatory for all cards that support it.
Keep up with customers demands with the ‘Authorize and Capture’ option. Automatically create invoices and conduct instant payments with no additional actions required to increase the number of recurring purchases and provide enhanced payment experience.
To add Stripe Payment gateway to Magento 2, go to Stores → Configuration → Payment methods → Other Payment Methods → and choose Stripe by Amasty. Configure settings according to your needs: enable/disable payments via Apple Pay and Google Pay, specify the custom name of payment option, select order status and etc. After you finish, click ‘Save Config’ button on the page.
Magento 2 Stripe payment integration provides you and your customers with the following benefits: seamless integration with any CMS, convenient payment window (without switching to other pages and personal account registration) and the possibility of its customization, advanced antifraud system, Strong Customer Authentication (SCA), instant funds acceptance, and refund. Together with Magento and Stripe stores provide customers with a safe and seamless payment experience.
If you'd like to equip your store with the additional features that you haven't found in the current extension versions, you are welcome to order our Magento Custom Development Service. Boost your store with the power of most efficient developers from Amasty and maximize your revenue. Your first consultation is free.
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