MidwayPlus And Stripe Partnership
Stripe empowers manufacturers and resellers to quickly and easily facilitate and monetize payments for their aftermarket business. MidwayPlus has partnered with Stripe to give you the tools to easily let your customers accept payments within your business, create new revenue streams, and scale.
Benefits And Features
Accept payments
- Allow your customers to collect payments online, in-person, through invoices or on a recurring basis.
- Let customers accept 135+ currencies and dozens of popular payment
- methods all over the world, including credit cards, ACH, Apple and Google
- Pay, BNPL options like Klarna, Affirm, and Afterpay, and more.
Create new revenue streams
- Start with payments and add more revenue lines with a complete and integrated suite of products, including financing, expense cards, and banking-as-a-service.
- Earn a portion of each transaction with a markup or revenue share.
- Markup value-added services, like Instant Payouts, and charge fees on point of sales hardware.
- Earn revenue share on financial services and interchange revenue share on expense management cards.
Scale globally
- Launch your platform in new markets in just hours.
- Local accounts maximize authorizations and minimize costs.
- Accept credit and debit cards in 135+ currencies and from 185 countries.
- Offer localized onboarding flows that are dynamically updated for country-specific regulations. Accept local payment methods like iDEAL,
- Alipay, WeChat Pay, Bancontact, EPS, Giropay, P24, SEPA Direct Debit, SOFORT, OXXO, and more.
Increase payout speed
- Allow your customers to deposit pending balances to their bank account in 30 minutes, 24/7—even weekends and holidays—with Instant Payouts.
Control how funds flow
- Pay out users quickly and reduce operational overhead with Stripe’s global routing and payout engine.
- Split funds between multiple users, instantly route payments across borders, and specify your earnings on each transaction.
Streamline onboarding
- Increase global onboarding conversion with user-optimized flows that automatically conduct payments Know Your Customer (KYC) verification and risk-profiling or build fully white-labeled onboarding experiences.
Offer powerful merchant dashboards
- Give customers powerful pre-built dashboards to respond to disputes, refund transactions, request payouts, and access reporting on transactions, customers, volume, and more.
- Alternatively, use Stripe’s API to build fully customized management experiences for your customers, including automated notifications, chargeback and dispute management, and reporting.
Reduce fraud with built-in detection
- Onboard low-risk merchants with automated verifications: Stripe helps collect and verify information needed to meet KYC and compliance requirements for payments.
- Help your merchants prevent fraud with smarter detection and isolate risky transactions with ML models trained with hundreds of billions of data points across millions of global companies.
Offer secure and compliant payments
- Stripe is certified to the highest industry standards.
- Stripe is PCI DSS Level 1 certified. Your customers’ information is tokenized so you never need to see or store sensitive information.
- Stripe supports PSD2 regulations in Europe and is Strong Customer Authentication (SCA) compliant. Stripe scans every transaction to dynamically trigger additional authentication only when required.
- Stripe automatically updates to help meet the latest payments compliance requirements.
- Stripe conducts KYC and AML checks and card tokenization for payments and PCI compliance.
Provide 24/7 payments support
- Offload payments-related support: Stripe handles payments-related support for Standard accounts 24×7 by phone, chat, or email.
Offer reliable, unmatched uptime
- Stripe processes 250M+ API requests on an average day, has peaked at 13,000 requests a second, and has had 99.999% of uptime over the last six months
