Connecting a Stripe account takes a few separate steps -- first you must allow direct card processing on your Stripe account, then link OwnerRez to your Stripe account, and finally create a Live Secret Key in Stripe and paste it in to the OwnerRez configuration. This guide will walk you through step by step.
- Business Location Requirements
- Setup & Connecting Stripe
- Stripe Processing Modes
- Common Questions
- Why don't I see a charge from keeping money from a security deposit hold?
- Can I take advantage of Chargeback Protection offered by Stripe Checkout?
- I tried to change my Stripe account type, and got an error message saying "Upgrade payment method is different than user matching payment method."
- I'm required to utilize 3-D Secure 2.0 (3DS2) in my region. Does Stripe support 3DS2?
- What does my Stripe Error or Decline Code mean?
Stripe accepts businesses with a business address and bank location in the following locations.
Stripe supports these currencies.
Here are the details:
- Go to Settings > Payment Methods in OwnerRez and click to connect your Stripe account
- The connection process will take you to Stripe to authorize OwnerRez to access your account. There may be several login and confirmation steps and then you'll finally get to a connection screen. Accept the connection and you'll be sent back to OwnerRez to complete setup.
- Make sure that the accept card types are configured correctly, currency and statement text are correct, and the account is configured to be used on the correct properties.
Then save the account.
OwnerRez allows multiple separate payment processor connections, each of which must be set up individually. Stripe allows one account to have multiple sub-accounts. This works fine with OwnerRez, except that, each individual sub-account must be configured in OwnerRez as its own account with its own identifier.
Tokenized cards allow you to use Stripe Radar and accept European cards with 3DS2 challenges, but once entered and saved, a card can never be used with a different processor, even a different Stripe account.
Direct processing uses raw card numbers rather than Stripe tokens. This allows you to switch to a different card processor, but doesn't support 3D Secure / two factor authentication without requesting all new cards from guests.
We recommend Tokenized mode in most cases. If most of your clients are European, you should definitely use Tokenized mode, as any two factor challenges won't work without it. If you're in an area that doesn't yet require 3D Secure 2, such as the US, and you may be switching card processors soon, you may use Direct mode.
The way Stripe works, there's no separate transaction for keeping funds from a security deposit hold. The original transaction that reserves the security deposit hold is actually an authorization-only Charge.
If you end up charging against the hold, what you get in your Stripe transaction history is:
- A charge for the full security deposit hold amount
- "Partially refunded" of the amount you didn't keep
This happens even though the full amount wasn't actually charged in the first place, just authorized.
No. The chargeback protection requires you to use Stripe's Checkout feature, which makes it work similarly to PayPal - the guest is sent away from your and OwnerRez' sites over to a Stripe site to pay. This mode is not supported by OwnerRez, because it does not allow for detailed communication and logging of transaction events (e.g. why a card was rejected, and what the card information was), or advanced functions like security deposit holds.
I tried to change my Stripe account type, and got an error message saying "Upgrade payment method is different than user matching payment method."
- Reconnect to wrong account. This error message is telling you that an account was trying to be connected, but the login was from a different account than the one you clicked "Upgrade".
Connect to an already connected account. When you go to upgrade, take note of the email address on the account. Make sure that's the one you choose on the Stripe side to authorize, and that should solve the issue.
Yes, Stripe is one of the payment processors that integrates with OwnerRez that supports 3DS2. Read more about 3DS2 in the Payment Processing - 3-D Secure 2.0 (3DS2) article.