Measuring the impact of COVID-19

The entire world is struggling with the recent COVID-19 pandemic. And the people that depend on Payment for Stripe every single day are no exception. Despite seeing volume declines overall as a platform of nearly 50%, we're just now seeing several businesses bounce back as small business owners adapt their models and begin recovery. Below you'll find the most recent results from our impact survey.

How does your business primarily take payments?

As expected, most businesses that use Payment for Stripe (and Stripe in general) are mostly based online. These businesses see the Payment app as an extremely feature-rich supplement to their thriving online businesses. With no additional setup or accounts required, the Payment app is a perfect solution to get up and running quickly.

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How significant has the decline been on your business?

As expected, most businesses that use Payment for Stripe (and Stripe in general) are mostly based online. These businesses see the Payment app as an extremely feature-rich supplement to their thriving online businesses. With no additional setup or accounts required, the Payment app is a perfect solution to get up and running quickly.

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What type of business do you operate?

You are not alone, and you aren't the only business affected. In fact, every single industry and company type is feeling the effects of the COVID-19 pandemic, according to your study.

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Breakdown by Industry

Essentially, any business that interfaces with customers and needs to make payments were hit especially hard. In addition, those that only can collect payments in person, with all the shelter-at-home orders, prevented many businesses from collecting payment.

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What happens next?

One of the biggest challenges is figuring how to survive in these uncertain times. Businesses have had to flip their models, from restaurants switching to become general stores or shirt companies building masks. The spirit of the entrepreneur is alive and will make all of these businesses stronger. Below are the results of the sentiment for each business and how they feel they will be impacted when the pandemic is over.

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How can Payment for Stripe help?

Payment for Stripe is the most utilized and trusted point of sale app on the market serving over 60,000 customers all around the globe. The Payment App provides an intuitive dashboard and seamless gateway for businesses to charge customers within 30 seconds or less. Officially partnered with Stripe, the app includes various payment methods and can receive funds in 137 different currencies.

The Payment App massively extends the features of Stripe payment methods by giving merchants an easy way to charge in-person and online. This article will cover the different payment methods available within the Payment App and when using Stripe services.

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