What does Stripe do

Stripe is a technology company that provides payment processing infrastructure for online businesses. It enables merchants to accept credit cards, debit cards, and digital wallet payments through websites and mobile apps, handling the technical complexity of payment authorization, security, and fund settlement. Stripe also offers additional tools for subscription billing, fraud detection, and invoicing.

While Stripe works well for processing customer payments, Indian freelancers and exporters receiving international income face practical challenges with it, including higher fees and slower fund access. For straightforward cross-border receipts, comparing Stripe vs PayPal international payments can help you choose the right solution, though platforms like Skydo often deliver faster, more cost-effective transfers with RBI authorization specifically designed for receiving foreign earnings into Indian accounts.