Stripe: what it is and what it does
Stripe is a global online payment processing platform that lets a restaurant take cards, digital wallets and other methods on its online store and digital menu, with fraud protection and payout to the bank.
Stripe in online ordering
When a guest pays on your link/online store, Stripe processes the card securely (PCI), applies fraud protection and transfers the money to the restaurant's account, with a report of each transaction.
- Card and wallet payments online
- Fraud protection and security (PCI)
- Payouts and reporting
Stripe and commission
Stripe charges a per-transaction processing fee, unlike a marketplace commission: you take the order on your own channel and pay only processing, keeping the margin.
FAQ
Is Stripe a marketplace?
No. It's a payment processor: it charges only a processing fee, not a commission on the order like marketplaces do.
Does MyMenuo use Stripe?
Yes, MyMenuo integrates payments (including Stripe) to take online orders on your own channel with no per-order commission.