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What Is Stripe? Your LaunchPass Payment Partner

TL;DR: Stripe is an online payment processor that lets you collect money from members worldwide. LaunchPass uses Stripe to handle payments securely and reliably for your community.

Chloe Harris avatar
Written by Chloe Harris
Updated today

Why Stripe Matters for Your Community

Stripe helps you get paid. It's a company that processes payments online. When your members pay for access, Stripe handles the money transfer safely. It works with LaunchPass to make payments simple for everyone.

Think of Stripe as the secure vault that holds and moves money between your members and your account.


What Stripe Does for You

Accepts Payments Anywhere

Stripe lets you collect money from people in 195+ countries. Members can pay using credit cards, debit cards, and digital wallets. Your members might be anywhere in the world, and Stripe helps you accept their payment methods.

Keeps Money Safe

Stripe follows strict security rules. Your customer payment information stays protected. Stripe uses encryption (scrambled codes that only authorized people can read). This means hackers cannot easily steal payment details.

Stripe follows PCI compliance standards. This is the rulebook that protects credit card information everywhere.

Connects Easily to LaunchPass

LaunchPass and Stripe work together seamlessly. You set them up once, and they stay connected. This connection means your members can pay without leaving LaunchPass. You get paid automatically when someone joins or renews their membership.

Shows You Your Money

Stripe gives you reports about your earnings. You can see how much money came in each day. You can see which payment methods your members prefer. You can watch your revenue grow over time. These tools help you understand your community's spending habits.


How Stripe Works With LaunchPass

When a member joins or renews:

  1. Member enters payment info in LaunchPass

  2. LaunchPass sends the payment to Stripe (securely, with encryption)

  3. Stripe processes the payment using the member's bank

  4. Stripe confirms success back to LaunchPass

  5. LaunchPass grants access to the member

  6. Money transfers to your account (usually within 1-2 business days, but can depend on your payout settings)

You never touch the payment information directly. Stripe handles all the sensitive data.


Key Facts About Stripe and LaunchPass

Setup

  • Time to connect: 5 minutes

  • Cost to use: No monthly fee from Stripe

  • Payment to your account: Usually arrives 1-2 business days after payment

Stripe Transaction Fees

When a member pays, Stripe takes a small fee:

  • Credit/debit cards: 2.9% + $0.30 per transaction

  • Example: A $29 membership costs Stripe 2.9% ($0.84) + $0.30 = $1.14 fee

  • You receive: $29 - $1.14 = $27.86

International payments may have different fee structures. Contact [email protected] for specific pricing details.

What Gets Protected

  • Member credit card numbers

  • Billing addresses

  • Payment history

  • Member identity information

What You Need to Know

  • Stripe is PCI Level 1 certified (highest security level)

  • Your LaunchPass data stays separate from payment data

  • Failed payments show in your LaunchPass dashboard

  • Refunds process through Stripe and appear in your account within 1-2 days

  • Stripe supports 135+ currencies


Comparing Payment Processors

Feature

Stripe

Other Processors

Countries Supported

195+

Varies by processor

Setup Time

5 minutes

5-30 minutes

Transaction Fee

2.9% + $0.30

2.2%-3.5% + fees

PCI Compliance

Level 1 (highest)

Varies

Currencies Supported

135+

20-50 typically

Integration with LaunchPass

Built-in, seamless

Limited or custom

24/7 Support

Yes

Varies

Mobile-friendly

Yes

Yes


Common Questions About Stripe

How long does it take to get my money?

Most payments arrive in your bank account 1-2 business days after a member pays. Weekends and holidays may add extra time. You can also customize your payout schedule directly in Stripe.

Is my information safe with Stripe?

Yes. Stripe uses encryption (scrambled security codes) and follows the highest security standards (PCI Level 1 certification). Your member information is protected.

What if a payment fails?

LaunchPass shows you failed payments in your dashboard. Contact [email protected] to troubleshoot. Usually, the member just needs to update their payment method and try again.

Can my members pay in different countries?

Yes. Stripe accepts payments from members in 195+ countries using 135+ currencies. If your member's currency is different from yours, Stripe converts it automatically.

What if I want to refund a member?

You can refund payments through LaunchPass. Stripe processes the refund. The money returns to your member's original payment method within 1-2 business days.

Can I see my earnings?

Yes. Log into your LaunchPass dashboard and check your Stripe reports. You can see daily earnings, payment methods used, and revenue trends.

Does Stripe charge a monthly fee?

No. Stripe only charges per transaction (2.9% + $0.30 for standard cards). No monthly fee or setup cost.


Getting Started With Stripe

Step 1: Create a Stripe Account

Visit stripe.com and sign up. You'll need your business information and bank details.

Step 2: Connect Stripe to LaunchPass

Go to your LaunchPass settings. Find the payments section. Click "Connect Stripe." You'll authorize LaunchPass to use your Stripe account.

Step 3: Test a Payment

Try a small test payment to make sure everything works. This helps catch any issues before your members pay.

Step 4: Monitor Your Dashboard

Check your earnings regularly. LaunchPass shows all your transactions and Stripe reports.


Troubleshooting Common Issues

Payment Won't Go Through

What to try:

  1. Confirm the member's card details are correct

  2. Check the card isn't expired

  3. Verify the member has available credit

  4. Try a different payment method

  5. Contact your bank if the problem continues

Missing Transactions in Dashboard

  1. Refresh your LaunchPass dashboard

  2. Check your Stripe account directly at stripe.com

  3. Wait 1-2 business days for pending transactions

  4. Email [email protected] with transaction details

Wrong Amount Charged

This usually happens with currency conversion. Stripe converts currencies at fair rates. If something seems wrong, contact [email protected] with:

  • Member name

  • Transaction date

  • Amount shown

  • Currency used


Security Best Practices

  • Never share your Stripe login with anyone except authorized team members

  • Use strong passwords for your Stripe and LaunchPass accounts

  • Check your dashboard regularly for unusual activity

  • Enable two-factor authentication on your Stripe account

  • Review transaction reports weekly to catch issues early

  • Report suspicious activity immediately to [email protected]


Need Help?

Have questions about Stripe or payments? Our team is here to help.

Response time: Usually within 24 hours

We can help with:

  • Setting up your Stripe account

  • Troubleshooting payment issues

  • Understanding your transaction fees

  • Questions about international payments

  • Refund and billing questions

Don't hesitate to reach out. We want your payments to work smoothly so you can focus on your community.


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