Payments

What is Stripe and what is your relationship to them?

Monday, July 13, 2020

ArcartaPay is a secure anti-fraud and compliance payment application. It has been integrated with Stripe as the card payment processor of choice. Stripe provides industry leading anti-fraud technology and simply put: deals will all aspects of the processing and analysis of all card information.

If you are accepting card payments via ArcartaPay, a Stripe account will be created for your business which will be managed by ArcartaPay. When you interact with the ArcartaPay service, it communicates directly with your Stripe account, which in turn supports the creation of new Charges, Transaction Reports (for Due Diligence) and the Approval or Decline of any payment you receive.

ArcartaPay also communicates with Stripe to produce a unique Transaction Report upon completion of each transaction. The report is intended to provide you with the means to assess each and every transaction for risk, thereby enabling the merchant to exercise due diligence in accordance with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) best practices.