payments questions

The PMT function calculates the payment for a loan based on constant payments and a constant interest rate. For example, =PMT(0.05/12, 360, 200000) calculates the monthly payment for a $200,000 loan at a 5% annual interest rate over 30 years. This function is useful for financial planning and loan calculations.

Yes, Stripe supports international payments and can handle transactions in multiple currencies. You can accept payments from customers around the world and convert them to your local currency if needed. Stripe also supports local payment methods specific to different countries, which can help improve the payment experience for international customers.

Stripe Terminal is a solution for accepting in-person payments through card readers. It provides hardware options and software libraries to integrate physical payment processing into your business. Stripe Terminal supports various types of transactions including card-present payments, contactless payments, and even integrations with point-of-sale systems. It ensures that transactions are processed securely and integrates seamlessly with your Stripe account.

Stripe Elements are pre-built UI components that make it easy to create custom payment forms for your website. These components include elements for collecting card details, such as card numbers, expiration dates, and CVC codes, in a secure and PCI-compliant manner. You can style these elements to match your website's design while ensuring a secure payment experience. Elements handle the complexities of securely collecting payment information and integrate seamlessly with your Stripe account.

Stripe Checkout is a pre-built, hosted payment page designed to simplify the payment process for customers. It provides a secure and user-friendly interface for handling payments, including support for various payment methods and currencies. Checkout is customizable with your branding and can be used for one-time payments or subscriptions. It handles the entire payment flow, from collecting payment details to processing the transaction, and integrates seamlessly with your Stripe account.

Stripe's fees depend on the payment method and location. Typically, Stripe charges a percentage of the transaction amount plus a fixed fee per transaction. For example, in the U.S., the standard fee is 2.9% + 30¢ per successful card charge. Additional fees apply for international transactions, currency conversions, and certain features like advanced fraud protection or on-demand payouts. Detailed fee information is available on the Stripe website and can be reviewed in your account settings.

Stripe supports mobile payments through its APIs and SDKs, which allow you to integrate payment processing into mobile applications. Stripe provides libraries for both iOS and Android, enabling you to handle payments securely within your app. You can use Stripe's mobile SDKs to accept card payments, digital wallets (like Apple Pay and Google Pay), and other payment methods. The SDKs ensure a smooth and secure payment experience for users on mobile devices.