Industry

How we tested the conversion impact of global payment methods

Parker Zhao Data Science, Payment Methods
Adam Rinehouse Engineering, Buyer Experience
Blog > How Stripe tested the conversion impact of global payment methods > Index preview

Last week, we shared new data that helps businesses understand the conversion and revenue benefits of offering different payment methods. Now we want to share how we ran the experiment. As we explain in the rest of this post, we had to test millions of combinations of payment methods while ensuring that we maintained a consistent shopping experience for customers.

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Recent highlights

Alma available in France

Give customers in France the option to pay with Alma, so they can choose to complete their purchase in two, three, or four installments—while you get paid immediately.

Pay by Bank available in the UK

Businesses in the UK can now offer Pay by Bank. Accept payments in real time, and reduce payment costs with Stripe’s open banking–powered payment method.

Amazon Pay available in the US

Businesses in the US can now offer Amazon Pay. Allow your customers to pay using the same checkout experience that millions of Amazon customers know and trust.

Manual payouts now faster in UK

Manual payouts will now land in your bank account on the same business day due to new local banking integrations in the UK. No extra fees, no integrations changes needed. 

Cash App Pay available in US

Businesses in the US can now reach new customers with Cash App Pay. Allow customers to pay with the wallet that's number one in both app stores.

Introducing Stripe Reader S700

Build custom experiences for interactions from ordering to loyalty management—or run your custom POS on an all-in-one device.

BNPL support expanded globally

Businesses can now accept more buy now, pay later methods globally through one integration on Stripe: Klarna in AU, NZ, CA, CH, PT, PL, CZ, and GR; Affirm in CA. 

Collect payment details before creating an Intent

Integrating and upgrading to the Payment Element is now easier than ever with server-side confirmation and a new integration path that lets you collect payment details before creating a PaymentIntent or SetupIntent.

Automatic currency conversion

Businesses in the US and Canada using Checkout and Payment Links can now dynamically localize pricing to 30 countries with one click in the Dashboard.

Terminal expands to more countries in Europe

Businesses can now accept in-person payments in Switzerland and Norway with Terminal's flexible APIs, SDKs, and pre-certified card readers.

Product

Using AI to create dynamic, risk-based Radar rules

Adit Gupta Engineering, Payments Intelligence
Yu-Hsin Lin Product, Radar
Natália Coelho Mendonça Engineering, Payments Insights
Ariel Sagalovsky Data Science, Payments Intelligence
Blog > Adaptive Radar > Index

Last month, we improved our AI tooling to give you even more flexibility when combating fraud. Now, Radar’s new rules combine our machine learning models with the issuer’s CVC and postal code response in real time. This can help you minimize fraud while worrying less about accidentally blocking legitimate revenue.

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Changelog

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  • Issuing

    Fleet businesses can build their Issuing program to support virtual cards for optimizing fleet spend to approve or decline authorizations requests in real time with Visa Fleet 2.0. Learn more 

  • Billing

    You can now bill different subscription frequencies, such as annual and monthly fees, in a single invoice. Learn more 

  • Billing

    You can now set up a custom URL in customer emails that directs customers to your subscription cancellation process. Learn more 

  • Billing

    All core Billing metrics now support interactive features including drill-down analysis, custom filtering, and flexible grouping options for enhanced data exploration. Learn more 

  • Billing

    All subscription renewal and free trial completion emails will now automatically include a cancellation link that directs to the customer portal. You can also create a custom URL for your cancellation flow. Learn more 

  • Revenue Recognition

    Revenue Recognition now automates accounting calculations and reporting for usage-based billing events, enabling revenue tracking in line with ASC 606 and IFRS 15 standards for arrears billing (preview). Learn more 

  • Global Payouts

    Users in the US and UK can now send money directly to third parties with just their email address. Global Payouts offers several integration paths with no-code, hosted, and API solutions that allow your business to send and track payouts globally without requiring you to use Stripe for Payments (preview). Learn more 

  • Issuing

    Platforms in the UK and certain European countries can launch a charge card program, allowing cardholders to spend from a line of credit with a fixed repayment window while Stripe manages all the licensing and compliance (preview). Learn more 

  • Billing

    Billing analytics now features enhanced benchmarking, with Stripe automatically identifying peer businesses based on industry sector and operational factors. This enables you to more effectively track and compare your performance against similar businesses on Stripe. Learn more 

  • Billing

    Billing analytics now includes a rated usage metric, enabling detailed tracking of usage-based revenue. Learn more 

  • Billing

    You can now use rate cards and Stripe’s Optimized Checkout Suite to seamlessly process authorizations and activate pricing plans (preview). Learn more 

  • Issuing

    Platforms serving US multinational companies can now issue cards to employees of subsidiaries in select countries outside of the US (preview). Learn more 

  • Billing

    For one-time invoices paid via the hosted invoice page, you can now choose whether you want a payment method to be saved automatically. New Stripe accounts default to not saving payment methods automatically. Learn more 

  • Issuing

    Businesses can maintain full control of their banking relationships or use their own licenses for their Issuing program while Stripe acts as the processor. Learn more 

  • Issuing

    You can now easily write complex Issuing authorization rules through a no-code Dashboard (preview). Learn more 

  • Payments

    You can now access Authorization Boost, a unified solution that brings together all our authorization and cost optimizations to increase your revenue and reduce costs. Learn more 

  • Billing

    Billing analytics metrics now surface transactional data within one hour of the time that it’s generated, providing near real-time visibility into your billing data. Learn more 

  • Billing

    You can now centrally view subscriptions and invoices from across accounts in your organization. Learn more 

  • Payments

    Card installments are now available in Japan (preview). Learn more 

  • Payments

    You can now easily integrate and route payments to other processors with full visibility and control (preview). Learn more 

  • Dashboard

    You can now view the security history for Dashboard actions taken at the organization level. Learn more 

  • Sigma

    Sigma is now available in test mode, allowing you to build and validate custom reports in your sandbox environment. Learn more 

  • Connect

    You can now centrally review and remediate compliance requirements for connected accounts from across your organization. Learn more 

  • Payments

    You can now centrally view and manage disputes from across accounts in your organization. Learn more 

  • Payments

    You can now share customers and their payment methods across accounts in your organization to avoid recollecting your customers’ payment information multiple times (preview). Learn more 

  • Development

    You can now configure event destinations at the organization level to receive events for accounts in your organization. Learn more 

  • Payments

    You can now send additional transaction metadata across supported payment method types to access cost savings, facilitate payment reconciliation, and potentially improve auth rates (preview). Learn more 

  • Elements

    Elements with CheckoutSessions API enables businesses to use the customizable UI of Elements with the less code-intensive Checkout Sessions API and integrate with other Stripe products, such as Tax, with just a single line of code. Learn more 

  • Revenue Recognition

    Revenue Recognition now supports bulk import for chart of accounts mapping, streamlining setup for users managing large numbers of general ledger accounts (preview). Learn more 

  • Payments

    You can now use the Foreign Exchange Quotes API to display prices in local currencies, lock in exchange rates, and check real-time rates and FX fees (preview). Learn more 

  • Payments

    You can centrally view and analyze payment analytics across accounts in your organization. Learn more 

  • Payments

    Our Vault and Forward API now supports 12 endpoints for payments providers. Learn more 

  • Elements

    Adaptive Pricing has now expanded to additional integration types, Elements with CheckoutSessions API and Hosted Invoice Page. Businesses on these integrations can now automatically present localized prices to customers in 150+ countries. Learn more 

  • Data Pipeline

    You can now turn on Data Pipeline for accounts in your organization and add new accounts to your existing Data Pipeline setup. Learn more 

  • Development

    You can now create sandboxes for your organization that mirror your live mode account structure so you can test your organization’s payment integration. Learn more 

  • Payments

    The network cost insights report is now available in Canada for users with network cost plus pricing. The report provides increased visibility into network fees to help you identify cost savings opportunities. Learn more 

  • Revenue Recognition

    Revenue Recognition now features a redesigned interface with in-Dashboard preview capabilities, making it easier to review and analyze your accounting reports and statements. Learn more 

  • Sigma

    Visualize and understand relationships between reporting tables through an interactive entity relationship diagram (ERD) available to all users in docs. This makes it easier for Sigma and Data Pipeline users to explore and query data across multiple tables. Learn more 

  • Elements

    Use an embeddable component to embed a list of payment methods directly in your app. Learn more 

  • Payments

    The AI model built into the Optimized Checkout Suite now uses a combination of on-session data and network signals to intelligently determine which payment methods to display and in which order, helping increase conversion. Learn more 

  • Data Pipeline

    Data Pipeline now delivers data to your data storage destination within 6 hours of generation, enabling more current data for analysis and centralized reporting. Learn more 

  • Connect

    Platforms using Stripe Connect and Stripe Billing can now reduce transaction costs by collecting subscriptions from their connected accounts’ Stripe account balance (preview). Learn more 

  • Data Pipeline

    Data Pipeline is now available in test mode, enabling you to test data exports and integrations in your sandbox environment. Learn more 

  • Elements

    Custom payment methods enable businesses to display additional payment methods that are not processed through Stripe. Businesses on Stripe can now add any payment method—from any processor—to the Payment Element with just a few lines of code. Learn more 

  • Sigma

    Sigma now offers API access to query data and manage associated resources like templates and executions. This enables programmatic control of your Sigma reporting and analytics. Learn more 

  • Sigma

    You can now use Sigma to centrally build custom reports and analyze data from across accounts in your organization. Learn more 

  • Revenue Recognition

    Revenue Recognition now reflects audit changes in invoice-level journal entries immediately. Learn more 

  • Payments

    You can now see additional quantifiable recommendations for specific actions to improve your payments performance, such as how much revenue you can gain by adding a digital wallet. Learn more 

  • Payments

    You can now access a consolidated view of card acceptance analytics across your business in Organizations and filter card acceptance data by third-party payments processors if you’re a multiprocessor user. Learn more 

  • Tax

    Stripe Tax expands support for remote sellers of digital goods to 12 additional countries: Aruba, Azerbaijan, Bangladesh, Benin, Burkina Faso, Cameroon, Cape Verde, Ethiopia, India, Kyrgyzstan, Laos, and the Philippines. Learn more 

  • Tax

    Stripe Billing and Checkout users who use a third-party tax solution like Anrok, Avalara, and Sphere can now integrate those solutions with Stripe Tax apps (preview). Learn more 

  • Tax

    Stripe Tax now supports shipping cost allocation, applying country- and state-specific tax rules for calculating shipping fees. Learn more 

  • Billing

    You can now create, iterate, and manage complex usage-based pricing models with rate cards (preview). Learn more 

  • Connect

    Platforms can now use the Accounts v2 API to create one object representing a connected account across Stripe Connect and Stripe Billing (preview). Learn more 

  • Money management

    Users in the UK can now store money, convert between currencies, send money to users in 80+ countries, receive funds via local bank account details, and spend with virtual and physical cards (preview). Learn more 

  • Dashboard

    You can now use natural language to complete tasks in the Dashboard—for example, creating products, processing refunds, and generating payment links—with our AI-powered Dashboard assistant (preview). Learn more 

  • Connect

    A redesigned list view gives platforms greater visibility into connected account health with 14 new filters, customizable columns, and detailed insights in the Stripe Dashboard. Learn more 

  • Billing

    You can now join a waitlist to use a new discount type for `percentage off up to maximum` amount; this is powered by a Stripe-authored script (preview). Learn more 

  • Billing

    You can now join a waitlist to update and manage versions of usage-based pricing and product packages across cohorts in the Dashboard (preview). Learn more 

  • Money management

    Accessible in 100+ countries, users can store, receive, and send funds either via cryptocurrency or traditional financial rails such as ACH, SEPA, and wire with Stablecoin Financial Accounts (preview). Learn more 

  • Connect

    Platforms can now use embedded components to optimize user onboarding flows directly in their mobile app with new iOS and Android SDKs. Learn more 

  • Terminal

    Terminal supports an expanded portfolio of third-party hardware, starting with Verifone. This includes automated ordering and fulfillment, on-reader experiences, and device management. Learn more 

  • Radar

    Radar users can now request access to Radar risk scores for transactions processed outside of Stripe. Learn more 

  • Connect

    Platforms can view support case analytics for connected accounts and gain insights into support volume and the top issues encountered by those accounts. Learn more 

  • Instant Payouts

    Users in the Czech Republic, Denmark, Hungary, New Zealand, Norway, Poland, Sweden, Romania, and the UK can now withdraw their funds to debit cards in addition to bank accounts with Instant Payouts. Learn more 

  • Money management

    Users in the US can now store money, send money to users in 80+ countries, receive funds via local bank account details, and spend with virtual and physical cards (preview). Learn more 

  • Billing

    You can now join a waitlist to write custom discount logic using Stripe Scripts in Stripe Billing (preview). Learn more 

  • Connect

    Platforms can now use the Dashboard to view business performance data (including revenue, margin, and account growth), personalized growth recommendations, upcoming account restrictions, and tasks (preview). Learn more 

  • Capital

    Platforms can now increase access to financing opportunities for their previously ineligible users by providing Stripe with third-party payment sources (preview). Learn more 

  • Billing

    You can configure your usage-based business model with a no-code rate card editor in the Dashboard (preview). Learn more 

  • Radar

    You can now request access to Stripe’s dispute prevention solution to automatically resolve disputes across Visa and Mastercard transactions (preview). Learn more 

Changelog

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  • Tax

    Stripe Tax is now an all-in-one global tax compliance solution. It manages obligation monitoring, registrations, calculations, collections, and filings—all in one place. Learn more 

  • Capital

    Platforms can now provide access to financing offers for their connected accounts located in the United Kingdom. Learn more 

  • Payments

    Businesses in the US can now offer UPI, a popular local payment method in India with more than 350 million customers. Learn more 

  • Payments

    Businesses in the US can now offer Pix, a popular local payment method in Brazil with more than 150 million customers. Learn more 

  • Payments

    PayPay is now available in Japan (preview). Learn more 

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