Introduction to Payment Gateway System Design | Design Payment System | Stripe Product Design

Payment Gateway System Design | Design Payment System | Payment Service Design | Stripe Product System Design - In this video, we are discussing how to design a payment gateway service such as Stripe Payment Service. A Payment service is an important distributed system that is used almost everywhere where money is involved. In this video we are discussing how does the credit card system work and what are different properties and requirements for a payment gateway service.

00:00 - Introduction to Payment Service
00:30 - Examples of Payment Systems
02:35 - Introduction to Stripe Payment Gateway Service
03:55 - How does the Credit Card System work?
08:50 - What Stripe does?
10:30 - How does Stripe Payment Gateway work?
12:30 - Payment Gateway System Design Functional Requirements
15:20 - Payment Gateway System Design Non-Functional Requirements
17:58 - Introduction to the Stripe Payment Gateway System Design Chapter and an Appreciation Email
18:35 - Final Remarks

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[ThinkSoftware]

Please let me know if you find this video useful. Also please don't forget to like and comment and subscribe to the channel. Thanks :)

[naval]

I think you should change summary of this video as requirement gathering for payment gateway systems not the design of systems.

[rajeshg]

I believe it's better to have some diagrams or pictures to represent the design instead of just oral description because it's really difficult to understand these kind of terminology

[dubanayaaapne]

I don't recommend watching this. it's nowhere close to system design video

[skkark]

I really appreciate the effort. However, the very basics of system design is missing. One of them is the HLD (High level design). Second is some UML diagrams. That will make the design complete. That would deliver the best than simply delivering the speech.

[eforexplain]

misleading, this is not a design video.

[dkm]

Your explanation is more close to product design than system design

[subhadeepsinha]

Is it through iframe that stripe renders the payment form in the merchant's website such that merchant do not require to be PCI DSS compliant

[patsh]

Thanks for your sharing. I'm curious about the design. How did you learn to build Uber or any payment system like this video? Not much info available online. So, how do you teach yourself about the field? Is there any way to find any sample code online or from any other resources? Thanks a lot.

[MStudios]

How are do you plan to design a horizontal scalable system that is both highly Available and strongly consistent at the same time.? CAP theorem choose 2 out of three

[ekimeiichi]

We created a subscription product directly from Stripe. It's a 6-month payment plan. Upon reaching the 6th-month payment, it had deductions. Stripe said that it was due to proration. They said that we should have canceled the subscription before it reached the 6th-month payment to avoid the prorated amount. What does that mean? Does it mean that if we create a 6 monthly subscription, we will need to stop it on the 5th month? Does that make sense? I really need to be enlightened about this. I want to utilize Stripe well but I also need to be clear on how things should work. I would really appreciate your help. Thank you so much in advance.

[jacobsun]

Thank you for your video, quick question. Why the issuer bank first freeze the money, and do the real transfer money at the end of the day? Can they transfer the money from the issuer bank to acquirer bank during the runtime per transaction instead of the batch job? what is the trade-off here?

[saurabhkiet]

Very bad explanation and misleading title. If lots of people telling you the same then instead of fighting with them in the comment please understand why multiple people saying the same things. Where is system design ?

[BeautySession-fwtf]

Hello how can I get contact with you Sir?

[mialiu]

Based on CAP, we can not reach strong consistency and highly available at the same time, isn't it?

[FintechHub]

How can I reach your online course related to payments please?

[freezefrancis]

I appreciate your efforts in making videos. But these videos looks like click baits, discussing ONLY requirements, no system was designed and at the end trying to sell your courses. I think this doesn't look like a sustainable way to run your youtube channel.

[justfortoday]

This is the worst system design interview anyone following this system design approach will fail for sure, this just speaks of stripe service not even close to system design

[kkarthikmurthy]

I felt its more of functional. No system design. How is the design how to scale is what we want to see in system design. Please cover those. I see lot of people commenting its not system design but your replies are introduction. I wasted 1 hour trusting will get an overall system design. Request you to remove system design from title.

[FoodpediaIndia]

You misleading highly, change your title . These tricks won’t help you in the long term