Stripe – Secure and Efficient Payments

Kanadoll uses Stripe as our primary payment method. Stripe is a globally leading online payment processing platform founded in 2010. It allows individuals and businesses to easily accept credit cards, debit cards, and other payment methods on websites and mobile applications, providing a secure and efficient payment solution for e-commerce. Kanadoll supports the following Stripe functionalities:

1. Local Payments

   • Bancontact Instructions: The Gateway option will appear when the store currency is Euro (EUR) and the billing country is Belgium (BE). Overview: Bancontact, formerly known as Bancontact/Mister Cash, was established in 1979 and is a bank redirect payment method widely used by over 80% of online businesses in Belgium. Bancontact payments are authenticated by the customers and immediately confirmed to the recipients. Customers can identify the payment by scanning the presented payment code through their mobile app and then confirming the transaction with a PIN. The payment information is one-time, but subsequent payments can be debited directly through SEPA under appropriate authorization.
   • Boleto Instructions: The Gateway will appear when the store currency is BRL (Brazilian Real) and the billing country is Brazil (BR). Overview: Boleto is the official payment method in Brazil regulated by the Brazilian Central Bank. Customers receive a voucher detailing the amount for the service or goods to be paid. They can then make the payment through various methods, including authorized agencies, banks, ATMs, or online banking portals, before the Boleto’s expiration. The funds are available for payment within 2 to 3 business days. This payment method has a monetary limit, with individual Boleto amounts ranging from R$5.00 to R$49,999.99.
   • Giropay Instructions: The Gateway will appear when the store currency is Euro (EUR) and the billing country is Germany (DE). Overview: Giropay is an online bank transfer payment method in Germany, offered by more than 1500 banks. Customers can complete transactions using their online banking credentials, and the funds are debited from their bank accounts. Depending on the bank, customers may need to confirm the payment with two-factor authentication or a PIN. Once confirmed, the payment is credited to the merchant’s account and cannot be reversed.
   • iDEAL Instructions: The Gateway will appear when the store currency is Euro (EUR) and the billing country is the Netherlands (NL). Overview: iDEAL is a payment method in the Netherlands that allows customers to complete online transactions using their banking credentials. Currence operates iDEAL, and all major banks in the Netherlands are its members, making it the most widely used online payment method with a market share close to 55%. With iDEAL payments, customers are redirected to their online banking environment, where they verify the payment with two-factor authentication. The specific customer experience varies depending on the bank. The payment is non-reversible and immediately confirmed.
   • Przelewy24 (P24) Instructions: The Gateway will appear when the store currency is Euro (EUR) or Polish Zloty (PLN), and the billing country is Poland (PL). Overview: Przelewy24 (P24) is a payment method in Poland that facilitates fund transfers between more than 90,000 businesses and all major banks in Poland. Przelewy24 allows consumers to complete online transactions by directly transferring funds through their online banking. During the P24 payment process, customers are redirected to an online environment where they log in to their online banking to authorize the payment. In most cases, the target account information (Przelewy24 bank account) is pre-filled, but in some situations, consumers must input it manually.
   • SEPA Direct Debit Instructions: The Gateway will appear when the store currency is Euro (EUR). Overview: The Single Euro Payments Area (SEPA) is an initiative by the European Union to simplify payment processes within and between member countries. SEPA enables direct debits to each Euro bank account within the SEPA region. To debit an account, the merchant must collect the customer’s name and bank account in IBAN format. During the payment confirmation process, the customer must accept an instruction authorizing the direct debit to their account. After the merchant initiates the debit from the customer’s account, it may take up to 14 business days to receive notifications about the payment’s success or failure, with an average of 5 business days.
   • Sofort Instructions: The Gateway will appear when the store currency is Euro (EUR), and the billing country is Austria (AT), Belgium (BE), Germany (DE), Italy (IT), the Netherlands (NL), or Spain (ES). Overview: Sofort is a bank transfer-based payment method that was acquired by the Swedish banking company Klarna in 2014. It has 85 million users in 15 countries. With Sofort payments, customers are redirected to the Sofort website where they input their banking login credentials. After successful authentication, Sofort initiates a bank transfer from their bank account. While successful authentication generally means successful payment, the merchant does not receive immediate fund guarantee, and it may take up to two business days (but could be as long as 14 days) for funds to be credited. Once the funds are received, the payment is non-reversible unless refunded by the company.

2. Credit and Debit Cards

   Credit cards and debit cards (Visa, Mastercard, American Express, Discover, and Diners, China UnionPay, JCB, Cartes Bancaires, Interac) are major global payment methods, accounting for 41% of online payments.

   Credit cards, issued by banks, allow customers to borrow money and commit to repaying it within a grace period to avoid additional charges. Consumers can accumulate a continuous debt balance but need to pay interest.

   Debit cards provide the convenience of bank card payments but require linking to a bank account, deducting funds directly during payment.

   Visa and Mastercard are the world’s largest credit card organizations, acting as payment processing systems without directly issuing cards to consumers. Instead, they let banks and financial institutions determine the brand and issue their credit cards. American Express is also a payment processing system but differs from Visa and Mastercard by issuing its own credit cards directly to consumers.

3. Apple Pay

   Apple Pay is only applicable to devices that support it, such as users using iOS devices (iPhone, iPad, Apple Watch). Additionally, users must browse websites using the Safari browser that supports Apple Pay to use it for payments.

4. Google Pay

   With Google Pay, customers can use their stored credit or debit cards in their Google accounts for payments in your app or website, including Google Play, YouTube, Chrome, or bank cards linked to Android devices. Use the Google Pay API to request any credit or debit card stored in your customers’ Google accounts.

5. Microsoft Pay

   Microsoft Pay allows customers to securely make payments online, in Universal Windows Platform (UWP) apps, and via Microsoft Bot Framework bots.