Merchant Accounts, Gateways, and Stripe

Question

Is Stripe a merchant account or a gateway? Do I need a gateway to use Stripe?

Answer

Stripe is a complete solution that combines the functionality of a merchant account and a gateway in one, which means you only need Stripe to accept payments and deposit funds into a bank account.

Additional Information

  • Stripe also offers a recurring payment solution, which removes the need for a third-party solution to set up subscriptions or recurring charges for your customers.