There are 3 ways you can pay for a Spocket subscription
Credit cards and PayPal are the payment methods to process Spocket orders. They are an internationally accepted way of transactions, secured by banks, and offer post-purchase safety to Spocket's merchants and suppliers. Furthermore, credit cards and PayPal are widely accepted for online purchases while debit cards are not.
We understand the importance of varied methods for payment hence we are looking into adding more options for our users in the future.
What is Stripe?
In order to ensure all transactions are processed securely, we use Stripe as our payment processor to ensure PCI compliance.
We do not require our Spocket entrepreneurs to own a Stripe account as it is only a tool we use to process all the transactions in our system. However, it should be noted that Stripe charges a processing fee of 2.9% + 30 cents, which is added to every successful order processed on Spocket. To learn more, please read: What do transaction fees mean on Spocket?