How to setup Stripe (live and test mode) in WooCommerce?

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How to setup Stripe (live and test mode) in WooCommerce?

In this guide, learn how to setup Stripe on your WooCommerce store.

Interested in how to setup Apple Pay and Google Pay on your WooCommerce store as well? Learn how in the video below.

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FAQ

How to setup Stripe (live and test mode) in WooCommerce?

Learn how to setup Stripe (live and test mode) in WooCommerce in my video tutorial: https://youtu.be/dVI5rKEx6b4

What Credit Cards are available with Stripe?

Visa, Mastercard, American Express, Discover, Diners Club, JCB

Why Use Stripe Test Transactions?

It’s always best practice to do test transactions on your Ecommerce store before accepting real payments. This ensures that any automations/triggers that you have setup in conjuncture with Stripe are working properly.

Stripe's Restricted Businesses?

Some of Stripe’s restricted businesses include the following: Drug paraphernalia, Pseudo pharmaceuticals, Multi-level marketing, Firearms & Ammunition, Adult content and services, Gambling, Counterfeit or unauthorized goods.

An Alternative to Stripe is to use Authorize.Net. Learn how to setup Authorize.Net in WooCommerce: https://youtu.be/736H1mz6Lsk

How does money get into my Stripe Account?

The money will automatically go into your Stripe account. Then, Stripe will deposit the money into your bank account. Stripe currently has three payout options (daily, weekly, monthly). For example, it takes seven calendar days from a payment being received to it being paid out for Stripe accounts on a 7 calendar day schedule and takes 1 calendar from a payment being received to it being paid out for Stripe accounts on a 1 day schedule.

See more information here: https://stripe.com/docs/payouts

How long does it take for payment to transfer from your Stripe Account to your Bank Account?

This depends on the payout timing you have with Stripe, but typically it takes 2 business days to receive the money from your Stripe Account to your Bank Account. For example, payments received on a Tuesday are paid out by Thursday, and payments received on a Friday are paid out by Tuesday.

Pro Tip: When you start processing live payments from your customers with Stripe, you won’t receive your first payout until 7–10 days after receiving your first successful payment.

See stripe documentation for more information here: https://stripe.com/docs/payouts

Does Stripe accept recurring payments?

Yes, Stripe accepts recurring payments and works on WooCommerce Subscriptions.