Stripe is a cloud-based infrastructure that brings reliability, scalability, and security to online payments. It’s used by some of the largest companies in the world. The information below details how this industry-leading payment technology platform is incorporated into the Express Parcel International, LTD Merchant Platform.
Merchant work with Stripe directly
Express Parcel International, LTD does not middle the transaction between Express Parcel International, LTD Merchant and Stripe in any way. There are no fees of any kind from the Express Parcel International, LTD end. All credit card storage, credit card transactions and payouts are wholly managed between the Express Parcel International, LTD Merchant and Stripe.
Credit card storage
Protecting customer information is critical. All credit card numbers are encrypted and stored within Stripe using AES-256 encryption. Stripe is certified to PCI Service Provider Level 1, the highest level of certification available in the payments industry. All information managed by Stripe is protected within the Stripe privacy and security policies and adheres to federal regulations.
Related user types:
- Merchant Customer user type
- Merchant user type
One-time payment of invoices
Users can pay open invoices in a single, one-time payment. During this workflow, a user can elect to store or not store a credit card on file for future transactions.
Related user types:
- Merchant Customer user type
- Merchant user type
AutoPay of invoices
AutoPay is a feature in the app that streamlines the payables process. Credit cards are stored with the highest-level of security and compliance.
Related user types:
- Merchant Customer user type
- Merchant user type
Settling transactions in foreign currencies
Transactions denominated in any foreign currency are routed to your bank account as a payout in your local currency. As such, receiving payment from an international customer in a foreign currency is as easy as receiving a payment from a domestic customer.
In the case of a foreign currency transaction, Express Parcel International, LTD will wholly carry the exchange rate risk, by using the the same exchange rate that was used on the Merchant Customer Invoice on the Merchant Invoice.
Related user types:
- Merchant Customer user type
- Merchant user type
Other payment gateways
At the time of writing this support article, Express Parcel International, LTD does not support any additional payment gateways or merchant providers.
