Stripe in short
Stripe is a payment services infrastructure for e-commerce businesses.
Their expertise is based on the creation of tools aimed at facilitating and increasing the number of successful transactions.
To do this they use their enormous database and make it available to your company's ecosystem ( Quickbooks , Qonto , Pennylane ...) .
Stripe offers its customers a bundle of banking services and relevant, personalized advice for your business to optimize the levers impacting your profitability.
Advanced management tools
Stripe is a bit like an API factory, one more efficient than the other. Stripe covers a wide spectrum of services that are much more efficient than those offered by online and traditional banks.
API
This part of the application is essential to understand all the possibilities that this tool offers to managers and businesses. Each functionality is accessible by the company and can be implemented in its application or website by integrating the API.
Billing
Stripe is the fastest way to manage online payments, recurring or one-off, in any currency and part of the world. The app also supports many additional features (coupons, free trials, prorations, overages, etc.)
Subscription
Setting up subscriptions is ultra simple and fully integrated. Card, transfer, multiple currencies... your income is automatically collected in your Stripe account and the invoice is sent directly to your customer. No loss of time or business due to late payments.
Payout
Request payment of your funds from your Stripe wallet to your bank. Payout is a service that can be configured so that it is carried out monthly, weekly or at will, by click.
Account for Stripe payment flows
Counting Stripe flows and matching figures is a great challenge. Indeed, Stripe counts the transactions that are recorded in your Stripe account by automatically deducting management fees.
Let's take an example:
You invoice your customer for a service for an amount including tax of €100. Stripe applies its commission of 2.5% + €0.25, which leaves a net sum of €97.25 including tax.
However, this is where it gets complicated. In France, the amount excluding tax is calculated on the amount including tax before commission of Stripe. So if you request a Payout, it will be €97.25 including tax and €81.12 excluding tax, while on the invoices the amount excluding tax will be €83.33.
As a result, the invoices issued do not match either the amounts present in Stripe nor with the payments present in your bank. Not to mention that your VAT returns are no longer obvious either.
Your accountant, the asset to benefit from the full potential of Stripe
Now that you know this, you know that you shouldn't entrust your company's accounting to just anyone... And especially if you use Stripe.
We'll even tell you our secret...
Un Stripe this is regulated, finely, by accountants who know about VAT, collection thresholds, exports of collections or “Banking” flow type export.
To use Stripe unlimited, it's simple, ask Blendy your French Stripe certified digital accountant to configure it for your accounting and increase your growth tenfold without worrying about your collections.
Contact us to find out how we can help you exploit the full potential of Stripe for your eCommerce or SaaS offers!
With Blendy , French digital accountant take advantage of digital accounting to accelerate your finance process and develop your business.
Pennylane , Dext , QuickBooks and Stripe experts, we support digital and IT service companies, e-Commerce, SaaS, SMBs, in France and internationally.