How We Streamlined Payment Processing at Orca
Introduction
Orca is my online store. We sell handmade goods and help connect people who want to buy something special with local artisans. I started it as a small business, but now we’re growing fast! As such, one of the biggest challenges we face right now is payment processing. Payment processors come in all shapes and sizes: some have fewer features than others but charge less per customer transaction; some are more robust but require more investment from your business upfront or incur higher fees over time once you do start making sales (or simply charge you for every single thing they possibly can). We’ve tried many different options over the past year, including Stripe and Shopify Payments; however, none of them fit exactly what we wanted out of a payments processor at this point in our growth phase—namely:
One of the biggest concerns for an ecommerce business is payment processing. Payment processing can be tricky, especially when your business is still small and finding its legs.
Payment processing can be a critical part of any ecommerce business, and especially for small businesses. Payment processing is tricky in general, but when you’re starting out with a small team and limited resources, it can seem downright impossible to navigate all the different options out there.
When we started Orca, one of our biggest concerns was payment processing–and with good reason! Payment processing is an integral part of running an online store; without it, customers won’t be able to buy your products or services. But even though it’s important for any online retailer (especially small ones), there are so many different ways to do things that choosing which one makes sense for your company can feel overwhelming at first glance.
That’s why at Orca, we decided to use Stripe when we first launched our online store.
Stripe is a great choice for small businesses that are just getting started and don’t need much from a payments processor. It’s simple, efficient and easy to use. Plus, it integrates with many other services you might be using as part of your business: Shopify or WordPress websites; Mailchimp email marketing software; Square POS systems (for those who sell in person at farmers markets and craft fairs); etcetera!
So if you’re looking for an affordable way to accept credit card payments online without having to deal with PCI compliance issues or complicated software setup processes–Stripe is where it’s at!
Stripe is a great choice for small businesses that are just getting started and don’t need much from a payments processor. There are no fees until you start to make over $1,000/month in sales, so it doesn’t eat into your profits as much as some other options out there.
Stripe is a great choice for small businesses that are just getting started and don’t need much from a payments processor. There are no fees until you start to make over $1,000/month in sales, so it doesn’t eat into your profits as much as some other options out there.
If you want more advanced features like invoicing or recurring billing, Stripe makes it easy to add those on later by adding additional add-ons or customizing code yourself with their API (application programming interface).
However, as our business grew, we realized we needed more features than Stripe offered at the time. We also wanted to provide customers with a way to pay with cryptocurrencies like Bitcoin and Ethereum while still maintaining the low barriers to entry that Stripe offered earlier on in our business’ life cycle.
However, as our business grew, we realized we needed more features than Stripe offered at the time. We also wanted to provide customers with a way to pay with cryptocurrencies like Bitcoin and Ethereum while still maintaining the low barriers to entry that Stripe offered earlier on in our business’ life cycle.
The problem was that Stripe didn’t offer these features yet–and wouldn’t for some time. So we decided to build out our own payment processing solution using open-source software from Braintree (which later became Venmo) called Hubspot Pay:
So we decided to look into other payment processors that could help us scale better without charging us exorbitant fees or requiring us to take on too much risk by storing sensitive customer data ourselves.
When we started Orca, we looked into Stripe as a potential payment processor. Stripe is great for small businesses that are just getting started and don’t need much from a payments processor. However, as our business grew, we realized we needed more features than Stripe offered at the time.
Conclusion
In the end, we decided on Shopify Payments as our new payment processor because it offered everything we needed from a payments provider while still being affordable and easy to use. The transition from Stripe was surprisingly simple and didn’t take much time at all–which was great news considering how much we rely on this service for our daily operations!