Card details saved with stripe.com

Blue_Doggy

I have just completed a booking for a restaurant which couldn’t take payment of the deposit by credit card over the phone, but sent me a payment link. After I’d put in my card and personal details, there was no way to progress the payment without saving my card details through an entity called “stripe.com”. 

 

I prefer never to save my card details even for a trusted vendor. I’ve never used this restaurant before, and am unlikely to do so ever again. Looking at the “stripe.com” website, they seem to take payment for a number of businesses. 

 

Please can someone advise:
1 is my card exposed to fraud/scam and if so what can I do about it?
2 is there any way to deregister my card details from this organisation?
3 who are “stripe.com” anyway? Are they safe and of good reputation?
 

Thanks in advance.

born_again

https://stripe.com/gb

Blue_Doggy

Well, yes, the first thing I did, of course, was look at their website, as I’d never heard of them before, and they seem to offer the service for every Tom Richard and Harry to take payment. Knowing nothing of them, I found it a bit concerning. I’ve never heard of this sort of payment arrangement before, so I’m trying to find out how safe it is, how likely I am to be the subject of fraud or scams.

born_again

As safe as they can be. They are just like many of the other payment processers out there for small retailers.

pramsay13

Stripe are as safe as any other payment provider and will be subject to the same robust checks and balances, but there's always a small possibility of a hack that could expose your details, although the possibility is probably less than you being mugged or burgled or simply losing your card. 
You've probably used Stripe before for individual card payments but just not realised it. 
They will probably have a way of deleting your account with them. 

Blue_Doggy

Thank you, kind people. 🌹 I appreciate your taking time to comment.

x_raphael_xx

The vendor does not have access to your details. This will just be saved to your stripe link, just like you can chose to save your card details to amazon etc.

We use stripe in our business (card payments on taxi app).

I personally have access to the payment logs, so I can process refunds etc, but I can only see last 4 digits of the card used and no other card details. I don't have any thing like expiry or name on card.

DullGreyGuy

Blue_Doggy said:

I have just completed a booking for a restaurant which couldn’t take payment of the deposit by credit card over the phone, but sent me a payment link. After I’d put in my card and personal details, there was no way to progress the payment without saving my card details through an entity called “stripe.com”. 

 

I prefer never to save my card details even for a trusted vendor. I’ve never used this restaurant before, and am unlikely to do so ever again. Looking at the “stripe.com” website, they seem to take payment for a number of businesses. 

 

Please can someone advise:
1 is my card exposed to fraud/scam and if so what can I do about it?
2 is there any way to deregister my card details from this organisation?
3 who are “stripe.com” anyway? Are they safe and of good reputation?
 

Thanks in advance.

Stripe take over $1tn of payments and are valued at $65bn, you may not have heard of them but they are a massive multinational payment company and you have used them without knowing it in the past unless this is the first time you've ever made a payment online. 

If anything it should give you more confidence that the data is being held by a highly regulated multinational who will know and follow (if not exceed) all requirements around data security on card data -v- some random local restaurant that you've no idea what security or not protocols they have.

If you want them to delete your data you follow the process on their website https://support.stripe.com/questions/i-would-like-to-delete-the-information-stripe-has-collected-from-me 

Blue_Doggy

Thanks @x_raphael_xx and @DullGreyGuy. I’ve never noticed this firm before (not the world’s most active shopper, online or in real life). I felt bounced and trapped into saving my details with them because there was no means of completing the transaction with the restaurant without doing so.
 

Thank you for your helpful comments.
 

Also, thank you @DullGreyGuy for pointing me to the exit door.

Nasqueron

I've got a similar setup with one of the generic shop front checkout processes, they store your details and use 2FA to pull them from a central database for the shops that don't have their own checkout process. It's fairly common for merchants to avoid paying for their own system and you'll see it more as they buy each other up. Shopify, WorldPay, Stripe etc