Magento Stripe integration: The outstanding solution to streamline the payment process for your online store

With Magento, creating online stores will be more convenient for businesses. You can customize your stores that are suitable for your goal, your field. Then you can bridge the gap between customers and your store and bring more opportunities to launch in different markets. However, if you want to optimize the customer experience, the third party will be the first choice. And in the process of buying, payment plays an important stage that affects the decision and satisfaction of the buyer. Therefore, to avoid the inconvenience which can happen, we will introduce to you an excellent solution: Magento Stripe integration. In this article, you will find how Magento Stripe integration operates and benefits your online business

First of all, you need to know about Stripe

Then, what is Stripe?

Stripe Payments is a platform for accepting payments. You use a credit or debit card transaction to move money from a customer’s bank account to your business’s account.

Stripe is a payment processor that enables business owners to accept and process credit and debit card payments. Businesses can take payments through mobile wallets and buy now, and pay later services using Stripe. Stripe also accepts payments in a number of different currencies. Stripe Payments is the platform that handles transactions.

stripe

How does it work? 

Stripe has made its service easy to use and navigate for business owners by simplifying the procedure.

The Stripe Payment Process is as follows:

  • Stripe software will link to the purchasing page of your shop platform when you create an account for your business.
  • When a customer is ready to purchase an item or service and ‘checkout,’ they will fill out the purchase page with their financial information.
  • The data will then be forwarded from the website to Stripe software, which will check for available money (payment gateway). Besides, it deals with the payment before delivering it to the merchant account.
  • The merchant earns the payments, and both the buyer and the seller receive a confirmation of the transaction.

The benefits you will earn from using Stripe

magento-stripe-integration

Stripe’s solutions continue to differentiate themselves from those of their competitors in a number of ways. Consider the following features, which are just a few of the many benefits of using Stripe’s payment system:

A Simple and Quick Onboarding Process: Stripe doesn’t ask for a significant screening procedure to accept a full-service merchant account because it’s a payment service provider. You can apply online and get accepted in a matter of minutes.

An Integrated Payments Processing System: Stripe’s solution includes both a credit card payment processing service and a payment gateway. It now offers a single, integrated system that completely supports both retail and eCommerce sales channels. Then the system works thanks to supporting for countertop credit card terminals and POS systems.

An Expansive Array Of Customization Options: Stripe’s broad array of developer tools and APIs — all of which come with detailed documentation — will appeal to anyone who is tired of having only a restricted range of customization possibilities for their site. To fully utilize these capabilities, you may require coding skills or the services of a developer.

A Complete Set Of Security Features: While no supplier can guarantee complete payment security 100 percent of the time, Stripe gets the closest to this ideal. The majority of Stripe’s basic security features, such as TLS (SSL) and encryption, are free with every account. Advanced capabilities, such as Stripe Radar anti-fraud protection, will set you back a little more.

Magento 2 Stripe Payment Gateway: Stripe is a popular payment processor for online merchants. It’s a convenient and safe way to pay for things online. Stripe is a PCI-compliant payment system that may be used in both Live and Debug mode. Customers may securely checkout for payments using the Stripe Payment Gateway for Magento 2 because no personal information is stored.

Now, take a look at Magento

The origin of Magento

Magento is a platform with built-in PHP, which helps programmers create eCommerce websites. It was released on March 31, 2008, by Varien and developed on Zend Framework.

In 2018, Adobe acquired Magento at a price of $1.68 billion to complete its commerce loop. Magento supports selling physical, digital, and downloadable products or services

Magento is an open-source eCommerce platform featuring order management, business intelligence, and shipping. Popular Magento integrations include file ERP, finance, and payment applications.

The advantages when using Magento (Adobe Commerce)

  • Installing extra layouts and plug-ins is simple.
  • eCommerce solutions are flexible and scalable thanks to open-source technology
  • A program that is both effective and cost-effective.
  • Allows for a variety of discounts and promotions during the checkout process and offers over 50 payment gateways
magento-stripe-integration

In this part, we will find out more details about Magento Stripe Payment Gateway  

A brief of Magento Stripe Payment Gateway  

Stripe is a popular payment processor for online merchants. It’s a convenient and safe way to pay for things online. Stripe is a PCI-compliant payment system that may be used in both Live and Debug mode. Customers may checkout for payments using the Magento Stripe Payment Gateway because it does not keep any customer information.

Some highlighted features of Magento Stripe Payment Gateway 

Compliant with PCI

Stripe has been audited by an independent PCI Qualified Security Assessor (QSA) and is recognized as a PCI Level 1. Stripe creates it one of the best and safest ways to make an online payment.

It Is Safe To Use

Stripe never has access to card data, thus the admin can allow their clients to pay securely with this module.

Webhooks should be supported

Webhooks are a type of custom callback used to change the behavior of a web page or online application. The admin can use the Stripe dashboard to generate a webhook and retrieve data from their store.

SCA needs your help

Stripe now supports SCAle. Authentication of customers is really important.

And last but not least we will find the method to apply Magento Stripe integration

Magento Stripe integration

Magento Stripe integration method 1: Magento 1 Module

Download the module

Download the up-to-date version of the Magento 1 module to begin with the Magento Stripe site.

Install the module using the Magento Admin Panel

  • Download the module.
  • Log into your website’s Magento (Adobe Commerce) Admin Panel.
  • Make sure to knock out the Compiler Status in System > Tools > Compilation.
  • Go to System > Magento Connect > Magento Connect Manager and log in.
  • If you installed any third-party Stripe modules (not developed by Stripe), uninstall them to avoid conflicts between modules.
  • Under Direct package file upload, submit the .tgz file that you downloaded from the Stripe website.
  • Click the Install button after uploading the module.
  • Check the black console to make sure that there were no errors.
  • If you had Compiler Status set to Enabled, recompile from System > Tools > Compilation.
  • Under System > Cache Management, flush all of your caches, including Merged CSS/JS if enabled.
  • Proceed to Stripe Webhooks Configuration in the Stripe Dashboard.

Install the module manually

First, Install the Magento Stripe plugin through the Magento Admin Panel. If this method of installation fails, check sure the Magento root directory has to write permissions. The Magento Stripe module can also be manually installed by extracting the archive into the Magento root directory.

  • The Magento Stripe module is available for download.
  • In a local directory, unpack the.tgz archive (usually by double-clicking the archive on your local machine). If your environment doesn’t support these archives, extract the Stripe Magento module with 7-Zip or another equivalent tool.
  • Transfer the extracted files to your server and place them in the Magento root directory of your website.
  • To set up the Magento Stripe module and its database requirements, refresh the webpage for your Magento store in your browser.
  • In the Magento Admin Panel, go to System > Cache Management and clear all of your caches, including Merged CSS/JS if it’s available.
  • In your Stripe Dashboard, go to Stripe Webhooks Configuration.

Upgrade the module

The Stripe Magento module is available for download from Stripe’s website. Uninstall the Stripe Magento module and then reinstall it once you’ve updated to the newest version.

Uninstall the module

You must delete each file and directory specified in the Failed/Partial/Corrupted Installations section if you manually installed it. Uninstall the Stripe Magento module through the Magento Connect Manager interface if you installed it via the Magento Connect Manager interface.

Magento Stripe integration Method 2: Magento 2 Module

Download the module

Download the latest version of the Magento 2 module to start with the Stripe Magento site.

Install the module using Composer

  • Use the Magento Marketplace to purchase the Magento Stripe plugin.
  • In your Magento directory, open a terminal and perform the following command:
$ composer require stripe/stripe-payments
  • Set up the module by running the following commands:
$ php bin/magento setup:upgrade
> php bin/magento cache:flush
> php bin/magento cache:clean
  • If you run Magento (Adobe Commerce) in production mode, you must also compile and deploy the Stripe Magento module’s static files.
$ php bin/magento setup:di:compile
> php bin/magento setup:static-content:deploy

Install the module manually

  • Stripe offers the most recent version of the Stripe Magento module for download.
  • In your Magento directory, extract the Stripe Magento module.
$ tar -xvf stripe-magento2-latest.tgz
  • Install the Stripe PHP library.
$ composer require stripe/stripe-php:^7
  • Set up the Magento Stripe module.
$ php bin/magento setup:upgrade
> php bin/magento setup:di:compile
> php bin/magento cache:flush
  • If you run Magento (Adobe Commerce) in production mode, you must also compile and deploy the Magento Stripe module’s static files.
$ php bin/magento setup:di:compile
> php bin/magento setup:static-content:deploy

Get your authentication keys

  • This part only applies if you used Composer to install the Stripe Magento module.
  • Follow these instructions to install Composer if you don’t already have it. You may enter your login and password during the installation process. Authentication keys for Magento 2 must be provided.
  • If you accept Composer’s request to save your credentials, Composer saves them in /.composer/auth.json.
  • If the error Invalid Credentials appears after you’ve saved your keys, update them in /.composer/auth.json or remove the file and execute the composer command again.

Upgrade the module

  • If you choose to install the module manually, you can get the most recent version from Stripe’s website. Uninstall the module and then reinstall it once you have the latest version.
  • If you installed it using Composer, run the following commands.
$ composer remove stripe/stripe-payments
> composer require stripe/stripe-payments
> php bin/magento setup:upgrade
> php bin/magento setup:di:compile
> php bin/magento setup:static-content:deploy
> php bin/magento cache:clean

Uninstall the module

  • If you installed the module manually, run the following commands:
$ php bin/magento module:disable --clear-static-content
> StripeIntegration_Payments
> composer remove stripe/stripe-php
> rm -rf app/code/StripeIntegration/Payments
> php bin/magento setup:upgrade
> php bin/magento setup:di:compile
> php bin/magento setup:static-content:deploy
> php bin/magento cache:flush
> php bin/magento cache:clean
  • If you installed using Composer, run the following commands:
$ composer remove stripe/stripe-payments
> php bin/magento setup:upgrade
> php bin/magento setup:di:compile
> php bin/magento setup:static-content:deploy
> php bin/magento cache:clean

Find the module configuration options

Navigate to the Magento Stripe module’s setup section (Stores > Configuration > Sales > Payment Methods) to set it up:

Configure API keys

Mode: Test mode will be necessary if you want to test a payment. When you’re ready to accept live transactions, switch to live mode. On Stripe, you can learn more about payment testing.

Keys for the API: Fill in the test and live keys provided by Stripe when you create your account. Log into Stripe, go to your account settings, and select API Keys to get them.

Configure webhooks

The webhooks configuration button is available after you enter and save your API keys. When something happens in your Stripe account, webhook events will inform you. To make charges, invoice orders, set up subscription orders, or issue credit memos, the module replies to these webhooks. This button configures webhooks in your Stripe account automatically.

The webhooks signing secret is an optional key for verifying the origin of webhooks supplied to your website. Although this setting is optional, you must enable it to ensure that Stripe sends your webhooks rather than a third party. The signing key will appear in the specific webhook that you set up for your website. The signing secret is different for each mode if you use the same webhook endpoint for both live and test modes.

Configure card payments

With this Stripe Magento plugin, you can specify how you want to accept card payments using numerous configuration options:

  • Enabled/Disabled: Allow or disallow card payments during checkout.
  • Change the title to whatever you want the customer to see on the checkout page.
  • Checkout Mode: Select between Stripe Elements and Stripe Checkout as your checkout mode. For PCI compliance, Stripe Elements presents a payment form right on your Magento (Adobe Commerce) checkout page hosted on Stripe via an iframe. It’s fully configurable to match the look and feel of your Magento site, and it doesn’t take customers away from your site. Stripe Checkout takes the user to a Stripe-hosted payment page that has already been constructed. Stripe Checkout decreases integration costs for PWA apps and headless commerce apps by supporting Chargeback Protection. If you’re using Stripe Checkout to sell subscriptions, all subscriptions in the same cart must renew at the same time.
  • Card Icons: Select whether or not to show card icons for your Stripe account’s supported payment methods. Select certain card icons and place them to the left or right of the payment method title to personalize them.
  • Payment Action: If you wish to charge consumer cards right away after purchase, choose Authorize and Capture. This is the default option, which means you won’t have to do anything after the buyer places the order. Authorize Only authorizes (and locks) the order amount on the customer’s card so you can capture the amount later by issuing an invoice if you wish to complete the payment later. This module has more information about [capturing payments using invoices](/docs/plugins/magento-2/admin#authorizing-card-payments-and-capturing-later).
  • Expired Authorizations: For Authorize Only payments, you have seven days to capture the payment. After that, any effort to capture the amount results in an error. When this option is enabled, the module tries to replicate the original payment using the same card that was used for that order. The module saves cards in Authorized Only mode by default, and the customer won’t be able to erase them from their account section until you invoice or cancel the order.
  • Automatic Invoicing: When you check out, the Authorize Only option generates a new invoice with a Pending status. The invoice status switches to Paid after the charge is captured, and the order status changes to Complete. When the Payment Action is set to Authorize Only, this option is handy since when the checkout flow is completed, no invoice is generated. If you enable the module, it will automatically generate an invoice when you complete the checkout process, which you can email to a customer before charging them. The order status is likewise changed to Processing as a result of this.
  • SCA MOTO Exceptions: When enabled, the module marks card payments as MOTO (Mail Order/Telephone Order) for orders created via the Magento (Adobe Commerce) admin area. MOTO payments are exempt from SCA restrictions, therefore they don’t require client verification, which minimizes the number of admin orders that fail. Please contact support at magento@stripe.com to enable MOTO for your Stripe account.
  • Orders with a high level of risk should be held: If a payment is marked as having an Elevated Risk status by Stripe Radar, the module will place the order until you examine it. For further information, check the section Enabling fraud prevention characteristics with Stripe Radar.
  • Allow consumers to save their cards in the Stripe vault and reuse them later for faster checkout by enabling this option.
  • Stripe sends a payment receipt email to the customer after the payment is successful if this option is enabled. From your Stripe account settings, you can change the look and feel of your emails.
  • Pay with in-store currency: You can charge your customers in either the set base currency or a foreign currency displayed on the checkout page. However with the standard that you have a multi-currency or multi-language website. For instance, your website’s default currency is USD. But you’d like to present it in CAD and let customers pay in that currency for a specific store view.
  • Payment From Applicable Countries: You can alter the Payment Applicable to Specific Countries if you wish to accept card payments from certain countries.
  • Payment for Specific Countries: At checkout, select the countries for which this payment method is available.
  • Order of Sorting: This parameter influences the order in which payment methods are presented on the checkout page if you have multiple payment methods enabled.

Conclusion

Via this article, we give you an outline of the Magento Stripe integration. When you take your business online, you don’t only aim at the local environment but also the global market. Therefore, with the variety of payment methods, you can avoid the difficulties of different currencies brought to your store. Then you can make the customer journey become smooth and satisfactory. As a result, you definitely can bring more new customers to your business. However, if you aren’t sure about the way to implement Magento Stripe integration, don’t hesitate to contact us. With many experiences in this field, we are confident to provide the best service: Magento third-party integration. Therefore, if you have any questions, check our website to have more information.

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