As a globally-recognised payment processor, Stripe was the natural partner for our payment solution, offering industry-leading performance and security.
But what role does Stripe play exactly in Artlogic Pay? And how does it protect you from fraud?
What is Stripe?
Stripe is a third-party payment solution that provides financial services and online payment processing to millions of companies around the world, like Google, Amazon, and Shopify. It helps companies fight fraud, and reduces friction during the purchasing process.
Stripe and Artlogic Pay work together to provide the essential infrastructure for you to accept secure and successful payments. All you have to do to start taking payments with Artlogic Pay is create a Stripe account and connect it into your Artlogic account. For your collectors, the payment experience is seamless.
Why did Artlogic partner with Stripe?
To deliver Artlogic Pay, Artlogic chose to partner with Stripe to give you access to its functionality and range of benefits, including:
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Protection from fraud – Stripe utilises the most advanced fraud-fighting technologies to protect you from cybercriminals during payments. Adaptive machine learning and fraud detection automatically block dodgy transactions and, in order to stay one step ahead of fraudsters, adapts to the constantly evolving fraud threat.
At the same time, Stripe's risk score-based model approves more legitimate sales, leading to better relationships with your customers. It can also dynamically apply two-factor authentication for customer verification, which maintains security while ensuring genuine customers get to experience a more frictionless checkout experience.
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Global trust – Stripe supports more than 135 currencies and payment methods, and processes hundreds of billions of pounds a year for businesses of all sizes, across a range of industries. It has earned a deserved reputation as a secure and reliable provider of digital payments services.
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Reduced steps for the collector to make a payment – thanks to Artlogic Pay's integration with Stripe, the number of steps required by both gallerist and collector to complete a purchase is reduced. This streamlines the process, and massively increases the chances of a successful sale.
The integration between Artlogic Pay and Stripe opens doors to a more secure and efficient art world, where transactions are fortified by cutting-edge security; simplifying the payment process for both gallerists and collectors, while enhancing the approval of legitimate sales.
With its reputation as a trusted industry leader, Stripe brings a new level of confidence to the art market, ensuring the utmost security and trust in your digital transactions.
Artlogic Pay is free for all gallery and artist accounts to use. Start using it today without compromising trust and security with your collectors.
Follow this guide to turn on Artlogic Pay
Read more
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Five ways Artlogic Pay improves sales
Build trust with collectors and receive faster payments. -
Out with the admin, in with the app
Frieze at 20 reflects the art world’s digital shift and why integrated solutions are the future. -
Pay-ving the way
The artwork, the payment, and the solution – introducing a new age of buying and selling art.
