#Stripe standard accounts how to#

If youвЂ™re not taking decisive action to decrease churn, it will damage your companyвЂ™s ability to grow in the future. Understanding how and why customers leave your service is paramount. The ProfitWell-Stripe integration keeps everything in the same place. ItвЂ™s easy to review the data that is most important for your subscription company, whether youвЂ™re interested in MRR, ARPU, or scores of other metrics.ДЄnalyzing this information also becomes easier, as youвЂ™re able to track how every Stripe customer contributes recurring revenue for your subscription business.

#Stripe standard accounts how to#

Not only do you need to collect information on every customer and recurring charge, you also need to understand how to calculate these metrics correctly.Д«y syncing your Stripe payment and billing information with ProfitWell, you automatically gain access to these SaaS metrics. Keeping track of all of your subscription metrics is a huge task. Here are the three main reasons you want to connect Stripe and ProfitWell together: 1. When you have seamless access to these metrics, it helps you make better decisions for your business. The ProfitWell-Stripe integration creates detailed reports and charts on the metrics below and more. Any decisions you make moving forward will be supported by a solid understanding of your subscriptions and how they impact a number of different aspects of your business. Those reports make it easier to track and predict company growth. Using the data collected through Stripe, ProfitWell creates in-depth reports on a number of different SaaS metrics, such as monthly recurring revenue (MRR) and average revenue per user (ARPU). Why you should use Stripe and ProfitWell togetherД¬onnecting your Stripe and ProfitWell accounts provides insights on how customer payments impact your bottom line. In this article, weвЂ™ll talk through what our Stripe integration provides and give a step-by-step walk-through of your Stripe account setup.

Stripe could, too, but with a different level of difficulty and focus.' Neel Desai, Product Manager

Think churn reduction, advanced analytics, benchmarks etc. 'While Stripe is the industry standard for processing payments and subscription management products, ProfitWell wants to attack the hard parts of sub growth by going deep on outcome/insights. The Stripe integration for ProfitWell is how you gain this context-youвЂ™re able to take data from your payment processor and turn it into actionable insights. Sure, you can see that a customer made a recent purchase of $18, or renewed their annual subscription for $200, but how do you go deeper? When those payments are made, do they impact your subscription revenue, or are they a blip on your radar? Without context, numbers are meaningless.