Stripe is a Payment Service Provider (PSP) – a system that allows users to receive online payments. In other words, it’s a payment gateway that automatically processes card transactions – protecting both company and customer from fraud – and takes a small cut for itself in the process.
Functioning in 135 different currencies, Stripe also allows customers to view prices in the currency they’ll be paying in. This means no surprises on conversion charges which appear at the check out, doing away with disparity between the displayed price and charged price on your site.
Stripe has been very successful in penetrating the rental market due to the easy technical integrations and simple user interfaces and competitive prices without onerous risk analysis (at growth stage at least).