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Integration With Stripe API

Workflow and Regulations of the Online Payments

Explore the complete online payment process from cardholder to issuing bank while understanding important regulations such as PSD2, PCI compliance, and Strong Customer Authentication. Gain foundational knowledge to securely integrate and manage payments using Stripe API.

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How does online payment work?

Stripe’s Payment is a payment handling platform. It permits you to charge money from a client or customer’s bank account into your business account using a credit or debit card transaction. But before we go into how payments can be integrated, it would be very helpful to understand how online transactions take place and the different steps involved in it.

Every online transaction has four main actors.

  1. Cardholder is the actor or person who holds the credit or debit card.

  2. Merchant is the actor who owns the business.

  3. Acquirer is a bank that handles card payments on behalf of the merchant and redirects them via the card networks (Visa, MasterCard, RuPay, etc.) to the ...