Definition

Stripe (Payment Processing)

A leading payment processing platform used by contractors to accept credit card payments online. Enables direct deposits to a bank account within 2 business days.

In Depth

Stripe Connect allows platforms like BidSwift to power payments on behalf of contractors. Contractors connect their own Stripe account, and payments go directly to their bank — BidSwift never holds funds. Stripe charges 2.9% + 30¢ per successful card transaction.

Example Usage

"After connecting their Stripe account to BidSwift, the contractor started collecting estimate deposits instantly from the same link they used to send proposals."

Related Terms

Put Stripe (Payment Processing) into practice

BidSwift is estimating software built for lawn care and holiday lighting contractors. Apply these concepts in every estimate you send — satellite measurement, material markup, and professional estimate links in one tool.

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