US-based payments processor Stripe has launched new features to its checkout suite in order to increase users’ revenue by optimising the payments processes. Following this announcement, the improved checkout suite is set to provide customers and clients with vastly more payment method choices.

The upgrades will also optimise the manner in which businesses support the top one-click checkout procedures, as it also includes a no-code A/B testing product for companies to evaluate how different payment methods perform. The features were developed in order to be easily integrated into the businesses’ customer journey, with minimal engineering effort, in a secure and efficient way. Moreover, the suite combines pre-built UIs with accelerated checkout options, as well as a wider range of payment methods, controls, and capabilities.

The product is set to give businesses and platforms the possibility to quickly and efficiently fine-tune the checkout experience for their client base. More information on the checkout suite’s features The optimised checkout suite of Stripe includes access to over 100 payment methods, including Mobile Pay, Revolut Pay, US bank transfers, and Swish. It will also present users and individuals with relevant payment methods from among more than 40 options and offerings, while using algorithms trained on several data points at the same time.

In addition, the suite includes the Express Checkout Element, a feature that was developed in order to enable clients to display multiple one-click payment buttons with a single component. The payment options will be dynamically presented in the order that is the most relevant for the customer, showing only the methods that are supported by the device or the browser the client is using. The A/B testing tool is also included in the checkout suite, allowing firms and businesses to identify the payment methods in their checkout that suit them the best, while also making data-driven improvements over time.

The checkout suite is currently available to customers around the world, with plans to expand in order to include more products and features in the future.  Stripe’s strategy of development Stipe had multiple partnerships and collaborations in the last couple of months, covering different geographical areas around the world. In September 2023, Australia-based end-to-end online fitness business platform Hapana announced its partnership with Stripe in order to improve its worldwide expansion process. Throughout this strategic deal, Hapana was enabled to provide global financial infrastructure services, such as cross-border payouts, to multiple clients, including gyms and fitness brands.

This was anticipated to allow the company’s users to accept a broad range of payment methods and offerings, such as direct debit, terminals, and credit cards. Earlier in the same month, Israel-based Wix collaborated with Stripe to launch Tap to Pay on Android, as well as to simplify in-person commerce for US-based merchants and traders. The development also focused on allowing Wix’s merchants to securely accept contactless payments directly through their Android devices, which eliminated the need for any additional hardware.

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