SOMAIYA

VIDYAVIHAR
K J Somaiya Institute of Technology
An Autonomous Institute Permanently Affiliated to University of Mumbai.

Streamlined Commerce: A
Stripe-Powered Payment Solution
TY Minor Project Report
Submitted in partial fulfilment of the requirements of the subject Project Based
Learning: Minor Project- II for Third Year in Computer Engineering

​ ​ ​ ​ ​ ​ by

Hamza Gandhi

Mohamed Hamza Godil

Husein Khorakiwala

Abbas Makasarwala

Guide Name: Dr. Shyamal Virnodkar

Department of Computer Engineering

K. J. Somaiya Institute of Technology, Mumbai
An Autonomous Institute affiliated to University of Mumbai
Ayurvihar, Sion, Mumbai -400022
2024-2025
 Streamlined Commerce: A
Stripe-Powered Payment Solution
TY Minor Project Report
Submitted in partial fulfilment of the requirements of the subject Project Based
Learning: Minor Project- II for Third Year in Computer Engineering

​ ​ ​ ​ ​ ​ by

Hamza Gandhi

Mohamed Hamza Godil

Husein Khorakiwala

Abbas Makasarwala

Project Guide: Dr. Shyamal Virnodkar

Department of Computer Engineering

K. J. Somaiya Institute of Technology, Mumbai

An Autonomous Institute affiliated to University of Mumbai
Ayurvihar, Sion, Mumbai -400022
2024-2025
 CERTIFICATE

This is to certify that the project entitled “Streamlined Commerce: A Stripe

Powered Payment Solution” is bonafide work of Husein Khorakiwala,
Abbas Makasarwala, Mohamed Hamza Godil, Hamza Gandhi submitted in
partial fulfilment of the requirements of the subject Project Based Learning:
Minor Project- II for Third Year in Computer Engineering.

​ ​

​ ​
___________________________
Dr Shyamal Virnodkar
Project Guide
Associate Professor
Department of Computer Engineering

___________________________ __________________________

Dr. Sarita Ambadekar​ Dr. Vivek Sunnapwar

Head of Department​ Principal​
Dept. of Computer Engineering KJSIT

Place: Sion, Mumbai-400022

Date
 PROJECT APPROVAL FOR T. Y.

This project report entitled Streamlined Commerce: A Stripe-Powered Payment

Solution by

Hamza Gandhi

Mohammad Hamza Godil

Husein Khorakiwala

Abbas Makaswarwala

is an approved Third Year Project in Project Based Learning : Minor Project - II in

Computer Engineering.

Examiners

1._____________________________
Internal Examiner Name & Signature

2._____________________________
External Examiner Name & Signature

Date:

Place: Sion, Mumbai-400022

 DECLARATION

We declare that this written submission represents our ideas in our own words and where
other's ideas or words have been included, we have adequately cited and referenced the
sources. We also declare that we have adhered to all principles of academic honesty and
integrity and have not misrepresented or fabricated or falsified any idea/data/fact/source in
our submission. We understand that any violation of the above will be cause for disciplinary
action by the Institute and can also evoke penal action from the sources which have thus not
been properly cited or from whom proper permission has not been taken when needed.

Hamza Gandhi ___________

Mohamed Hamza ___________

Godill

Husein Khorakiwala ___________

Abbas Makasarwala ___________

Date:
 ACKNOWLEDGEMENT

Before presenting our Minor Project work entitled “Streamlined Commerce: A

Stripe-Powered Payment Solution”, we would like to convey our sincere thanks to the
people who guided us throughout the course for this project work.

We would like to express our immense gratitude towards our Guide Dr Shyamal Virnodkar
for the constant encouragement, support, guidance, and mentoring at the ongoing stages of
the project and report.

We would like to express our sincere thanks to our H.O.D. Dr. Sarita Ambadekar, for the
encouragement, co-operation, and suggestions progressing stages of the report.

First, we would like to express our sincere thanks to our beloved Principal Dr. Vivek
Sunnapwar for providing various facilities to carry out this report.

Finally, we would like to thank all the teaching and non-teaching staff of the college, and our
friends, for their moral support rendered during the course of the reported work, and for their
direct and indirect involvement in the completion of our report work, which made our
endeavour fruitful.

Hamza Gandhi
Mohamed Hamza Godil
Husein Khorakiwala
Abbas Makasarwala

Place: Sion, Mumbai-400022

Date:
 ABSTRACT

This project focuses on the development of a streamlined digital payment system leveraging
Stripe’s capabilities to enhance the e-commerce transaction experience. Stripe, known for its
reliability, security, and ease of integration, enables businesses to simplify complex payment
workflows while maintaining compliance with high security standards. By integrating Stripe
APIs, the system provides a robust solution to challenges like fraud prevention, transaction
efficiency, and scalability for growing businesses.

The project further explores techniques that enhance system performance and flexibility, such
as dynamic product and pricing management, secure checkout sessions, and real-time
transaction handling using webhooks. By addressing key challenges in digital
payments—such as integration complexity and transaction security—this work aims to
advance the payment infrastructure for modern businesses. It highlights strategies to ensure
seamless customer experiences while pushing the boundaries of scalable and secure online
commerce systems.

​ ​ ​
 CONTENTS
Chapter No. TITLE Page no.

LIST OF FIGURES viii

LIST OF TABLES ix

LIST OF ABBREVIATION x

1 INTRODUCTION 1

1.1 Problem Definition 1

1.2 Aim and Objective 1

1.3 Organization of the Report 2

2 REVIEW OF LITERATURE 3

2.1 Literature Survey 3

3 REQUIREMENT SPECIFICATION 6

3.1 Introduction 6

3.2 Hardware requirements 6

3.3 Software requirements 6

4 PROJECT ANALYSIS & DESIGN 7

4.1 Cost Analysis 7

4.2 Feasibility Analysis 7

4.3 Societal Impact (if Applicable) 8

4.4 UML Diagrams 8

5 METHODOLOGY 9

5.1 Introduction 9

5.2 System Flow Diagram 9

6 IMPLEMENTATION 10

6.1 Introduction 10

6.2 Technology Stack 12

6.3 Implementation Screenshots 13

7 RESULT ANALYSIS 15

8 CONCLUSION & FUTURE SCOPE 17

REFERENCES 18

CERTIFICATES 19
 LIST OF FIGURES

Figure Title Page No.

No.

5.1 Flow Diagram 9

6.1 Model Architecture diagram 12

6.3.1 Mapping of Product 13

6.3.2 Create State UI 13

6.3.3 Number Of Stores Available UI 14

6.3.4 Stripe Payment Gateway 14

6.3.5 All Slots Booked Listings 14

7.1 Graph for Transaction Success Rate vs Test Iteration. 15

​
 LIST OF TABLE

Table No. Title Page

No.

4.1 Cost Analysis table 7

7.1 Improvement of Transaction Success Rate and 16

System Stability

12
 LIST OF ABBREVIATIONS

Sr. No Abbreviation Description

1 API Application Programming Interface

2 SDK Software Development Kit

3 DBMS Database Management System

4 UI User Interface

5 UX User Experience

13
 CHAPTER 1
INTRODUCTION

1.1 Problem Definition

Digital payments have become an essential component of modern e-commerce, yet

businesses face several challenges while integrating efficient and secure payment solutions.
The complexity of payment system integration, security vulnerabilities such as fraud and data
breaches, high transaction costs, and issues related to scalability often hinder businesses from
providing seamless transaction experiences. Traditional systems lack the flexibility and
reliability needed to handle the dynamic needs of growing online businesses.

In the context of an increasingly digital economy, there is a strong need for solutions that are
not only secure and cost-effective but also easily integrable and scalable. Stripe, a leading
payment processing platform, addresses these challenges by offering secure encryption,
simple API integration, fraud prevention mechanisms, and global scalability. This project
aims to leverage Stripe’s capabilities to build a streamlined, secure, and scalable payment
solution, empowering businesses to manage online transactions effectively and enhance the
overall customer experience.

1.2 Aim and Objectives

The primary aim of this project is to develop a streamlined, secure, and scalable digital
payment solution by integrating Stripe into e-commerce platforms. The project focuses on
enhancing transaction efficiency, ensuring robust security, and supporting businesses of
varying sizes through a flexible payment system.

1.​ Analyzing the current challenges faced by businesses in integrating digital payment
systems, such as security risks, high transaction costs, and scalability issues.
2.​ Exploring Stripe’s advanced features, including fraud detection, encryption, and easy
API integration, to simplify and secure online transactions.
3.​ Designing and implementing a prototype system that demonstrates seamless Stripe
integration, real-time payment handling, and efficient product and pricing
management.
4.​ Evaluating the system’s effectiveness in enhancing customer experience supporting
the growth and scalability of online businesses.​

1
1.3 Organization of the Report

This report is organized into several chapters, covering the background, methodology,
implementation, results, and discussion:

1.​ Introduction introduces the project problem, emphasizing the need for efficient,
secure, and scalable digital payment solutions and the challenges faced by businesses
in online transactions.​

2.​ Review of Literature surveys the evolution of digital payment systems, focusing on
the advantages of Stripe’s platform and the need for simplified integration and
enhanced security.​

3.​ Requirement Specification outlines the functional and technical requirements

necessary for developing a secure and efficient payment integration system using
Stripe.​

4.​ Project Analysis & Design discusses the system architecture, explaining the choices
made for frontend, backend, database, and payment handling components.​

5.​ Methodology section details the steps for frontend development, backend Stripe API
integration, checkout session management, and real-time webhook handling to ensure
a clear understanding of the system's development.​

6.​ Implementation chapter covers the practical execution of the system, highlighting user
interface development, server-side logic, Stripe session creation, and transaction
management.​

7.​ Result Analysis evaluates the performance and success of the Stripe integration,
transaction efficiency, and system scalability based on observed outputs.​

8.​ Conclusion & Future Scope summarizes the outcomes, highlights the advantages of
the Stripe-powered solution, and suggests potential improvements like integrating
wallets and advanced analytics.​

2
 Chapter 2
REVIEW OF LITERATURE

2.1 Literature Survey

Acceptance Towards Digital Payments and Improvements in Cashless Payment Ecosystem

study analyzes the partial acceptance of digital payments in India, even with initiatives like
Digital India aiming to create a cashless economy. The authors conducted ground surveys and
secondary research to understand why citizens, across different age groups, hesitate to fully
adopt digital payments. Barriers include a lack of technical expertise, complex app interfaces,
incomplete KYC processes, network issues, and concerns over privacy and security. Younger
users (18–35 years) showed higher adoption but minors still depended heavily on
guardian-linked accounts. Fraud and transaction failures, although infrequent, significantly
discouraged trust in digital platforms. The study proposes enhancements like simplified app
interfaces, blockchain-based digital wallets, smart contracts, biometric authentication, and
shared wallet models to resolve the existing gaps. By designing a blockchain-powered wallet,
the researchers show how decentralization and enhanced transparency can improve adoption
rates. Ultimately, this paper argues that a more secure, simple, and incentive-driven digital
payment system is essential to achieving a truly cashless society. It also stresses the need for
policy interventions, better customer support, and broader merchant education to facilitate the
transition towards a full-fledged digital economy.[1]

Secure and Privacy Preserving Digital Payment paper presents a novel digital payment
method focused on ensuring privacy and security through the use of digital (soft) tokens. The
proposed model introduces an intermediary called the "Digital Token Exchanger" (DTE) that
anonymizes transactions between payers and payees. Instead of sharing bank details during
transactions, users use digital tokens issued by banks. These tokens can be exchanged
multiple times within a validity period, masking the identity of users from banks, merchants,
and intermediaries. The system prevents fraud, double spending, and customer profiling,
offering true privacy preservation. Security is enhanced through public key encryption, token
verification processes, and careful tracking without exposing sensitive user information.
Unlike traditional card or wallet systems, this model decouples financial information from
transactional activities, ensuring that no entity has full visibility over a user's spending
pattern. The paper thoroughly analyzes existing mobile payment vulnerabilities and proposes
how its token-based architecture overcomes major challenges. It highlights the system’s

3
practicality, efficiency, and ability to integrate into current banking and payment
infrastructures with minimal disruption while ensuring a more secure and private cashless
economy.[2]

The Impact of Digital Marketing and Digital Payment on Financial Performance research
investigates how digital marketing and digital payments collectively influence the financial
performance of businesses, particularly in the UAE’s financial sector. Using a quantitative
approach with 191 survey responses analyzed through Structural Equation Modeling (SEM)
via SmartPLS 4.0, the study finds a significant positive relationship between digital strategies
and financial outcomes. Digital marketing improves customer reach, brand engagement, and
cost-efficiency, while digital payments facilitate seamless financial transactions, boosting
sales revenue and profitability. The study emphasizes how traceability, convenience, and
flexibility offered by digital channels encourage greater consumer and business participation
in financial activities. It highlights that institutions with higher financial literacy and strong
digital integration experience better adaptability and growth. Furthermore, financial
performance is enhanced by integrating digital payment solutions that promote efficient fund
management and support strategic decision-making. The authors argue that financial
institutions must continuously innovate with evolving technologies such as fintech-based
payment systems, social media marketing, and financial digitization to maintain
competitiveness and resilience. The study recommends broader digital financial education,
strategic digital partnerships, and enhanced privacy/security frameworks for maximizing
financial performance benefits in the evolving digital economy.[3]

This paper explores how digital payment systems have become significant drivers of
economic growth in India, particularly post-demonetization. It outlines the advantages of
digitalization, such as transparency, cash handling efficiency, financial inclusion, and a boost
to GDP growth. Various systems including IMPS, RTGS, NEFT, and UPI are identified as
critical pillars supporting India’s move toward a cashless economy. Using regression analysis
over the 2011–2023 period, the study quantitatively assesses the relationship between GDP
growth and digital transaction volume/value. Results show a strong positive correlation in the
short run, with digital payments contributing noticeably to GDP enhancement. However, the
study also notes that long-term impacts may vary and require consistent infrastructure
upgrades and public adoption. The authors emphasize that government policies, expanding
smartphone penetration, and e-commerce growth are crucial enablers. They forecast that
India's e-commerce and digital transaction ecosystems will continue to expand rapidly by

4
2026. Overall, the research concludes that efficient digital payment infrastructure can
accelerate economic activities, reduce transaction costs, and open new markets, making it
vital for sustainable national economic growth.[4]

Digital Payment System as a Growth Driver for the Indian Economy: An Analysis study
investigates how digital payment systems, specifically Indonesia’s QRIS platform, mediate
the relationship between digitalization, technology adoption, and sales growth in MSMEs
(Micro, Small, and Medium Enterprises). Using SEM-PLS analysis on data collected from
430 MSMEs in South Jakarta, the research finds that while the use of technology has a direct
positive impact on sales, digitalization alone does not. Instead, the integration of digital
payments like QRIS acts as a crucial mediator, enabling technology-driven sales increases.
QRIS simplifies transactions, improves customer convenience, and ensures operational
security, especially in a post-pandemic context. The study emphasizes the importance of
technology literacy and payment system adoption for MSMEs aiming to compete in a digital
economy. It also provides insights into customer behavior shifts towards cashless transactions
and highlights digital payments as a strategic lever for boosting small business revenues. The
authors recommend that policymakers and business leaders focus on promoting digital
payment adoption as a way to strengthen the MSME sector and drive inclusive economic
growth.[5]

5
 Chapter 3
REQUIREMENT SPECIFICATION

3.1 Introduction

The Stripe-powered payment solution is designed to streamline the digital transaction process
by integrating secure and scalable payment functionalities into e-commerce platforms. The
primary goal is to simplify online payments, reduce transaction complexities, and enhance the
customer experience while ensuring high standards of security and reliability. The project
involves developing a system that leverages Stripe’s APIs for payment processing, allowing
businesses to manage products, pricing, and transactions efficiently. The system architecture
incorporates ReactJS for the frontend and NodeJS for the backend, with PostgreSQL as the
database, ensuring seamless communication and real-time updates through Stripe’s Checkout
sessions and webhook events.

3.2 Hardware Requirements

●​ Processor: Intel Core i5 or higher for smooth frontend and backend development.
●​ Memory: At least 8 GB RAM, with preference for 16 GB or more to handle server
operations and API interactions efficiently.
●​ Storage: Minimum 50 GB of available disk space for source code, database storage,
and server files.

3.3 Software Requirements

●​ Frontend Framework: ReactJS (version 18 or higher)

●​ Backend Framework: NodeJS (version 18 or higher)
●​ Database Management System: PostgreSQL (version 14 or higher)
●​ Payment Gateway Integration: Stripe API
●​ Caching System (optional but recommended): Redis
●​ Message Broker for async tasks (optional): RabbitMQ
●​ Code Editor: Visual Studio Code (or any equivalent IDE)
●​ Version Control System: Git
●​ API Testing Tool: Postman
●​ Stripe CLI tool for webhook testing and integration​

6
 Chapter 4
PROJECT ANALYSIS & DESIGN

4.1 Cost Analysis

Category Description Cost (INR)

Hardware Development Machine (Laptop suitable for Web 65,000

Development)

Labor and Web integration of Stripe, backend modifications, UI 12,000

Development updates

Software Payment gateway fees, testing tools, and subscriptions 5,000

Licenses

Miscellaneous Project documentation, bug fixes, deployment support 6,000

Total ₹88,000
Table 4.1 : Cost Analysis table

4.2 Feasibility Analysis

●​ Technical Feasibility: Given the maturity of Stripe’s API services and the flexibility of
modern web development frameworks like ReactJS and NodeJS, the Stripe-powered
payment solution is technically feasible. Integration is straightforward with extensive
documentation and SDK support.
●​ Operational Feasibility: The solution can be easily integrated into e-commerce
platforms, offering businesses enhanced payment functionality with minimal
maintenance requirements and real-time operational efficiency.
●​ Economic Feasibility: The use of Stripe’s pay-as-you-go pricing model and
open-source development frameworks significantly reduces the initial setup costs,
making the system economically viable for businesses of all sizes.
●​ Legal Feasibility: The system ensures compliance with global payment standards like
PCI-DSS and adheres to privacy regulations such as GDPR, ensuring secure handling
of customer payment information.

7
4.3 Societal Impact

The Stripe-powered payment solution has a significant societal impact by promoting secure,
efficient, and accessible online transactions for businesses of all sizes. By simplifying the
payment process, it enables small and medium enterprises to expand their digital presence
and compete more effectively in the global market. This technology also fosters trust and
transparency among consumers, encouraging the adoption of digital commerce even in
traditionally underserved regions. Furthermore, it contributes to economic growth by
supporting entrepreneurship and enabling seamless financial transactions across different
industries.

8
 Chapter 5
METHODOLOGY

5.1 Introduction

Digital payment solutions have gained considerable attention from businesses and
developers, especially with the rise of e-commerce and advancements in financial
technologies. This growth is driven by the need to address challenges such as transaction
security, seamless integration, and scalability in online commerce. Traditional payment
integration methods often involved complex setups, higher transaction costs, and limited
flexibility for businesses. However, with the emergence of modern platforms like Stripe,
digital payment systems have become more accessible, secure, and scalable.

One notable development is the use of Stripe’s end-to-end payment processing services,
which combine secure transactions, easy API integrations, and advanced fraud detection
mechanisms. These services allow businesses to quickly implement robust payment systems
while maintaining high levels of security and user trust. Other innovations, such as dynamic
product pricing and real-time transaction updates through webhooks, have further enhanced
the efficiency and reliability of digital commerce platforms.

This project aims to review and implement the latest advancements in payment integration
using Stripe, focusing on improving transaction security, simplifying the checkout process,
and providing scalable solutions suitable for businesses of varying sizes.

5.2 System Flow Diagram

fig 5.1 : Flow Diagram

9
​ ​ ​ ​ ​ ​ Chapter 6
IMPLEMENTATION

6.1 Introduction

1. Frontend Development

The frontend of the system was built using ReactJS, a widely adopted JavaScript framework
known for its responsiveness and component-based architecture. The user interface was designed
to be intuitive, offering a seamless experience where users can navigate through a series of
dropdowns to select their State, City, and preferred Store or Slot for booking. Dynamic data
fetching techniques were employed using Axios and REST APIs to populate available slots in
real-time. Upon selecting a slot, users are redirected to a Stripe-powered checkout page ensuring a
secure payment process. Form validations, loading spinners, and user feedback mechanisms were
implemented to enhance user experience and handle asynchronous actions smoothly. React Hooks
and Context API were used for efficient state management across different components. Special
attention was given to error handling scenarios such as network failures or invalid selections,
ensuring robust performance even under adverse conditions. Additionally, the frontend was styled
using CSS modules and modern UI libraries to maintain visual consistency and responsiveness
across devices. Integration with Stripe’s pre-built checkout forms further simplified the payment
interface, reducing the development effort while ensuring PCI compliance. Overall, the frontend
acts as the bridge between users and the backend, offering a reliable, interactive, and user-friendly
booking and payment experience.

2. Backend Development

The backend system was developed using NodeJS in combination with the ExpressJS framework,
ensuring high performance and scalability. The backend plays a critical role in managing all
server-side operations, including user authentication, slot management, payment session creation,
and webhook handling. It provides a set of RESTful APIs consumed by the frontend to perform
actions such as fetching available stores, retrieving price details, and creating new Stripe checkout
sessions. Upon receiving a booking request, the backend interacts with the Stripe API to create a
customer entity if it doesn’t exist, generate a new checkout session with the appropriate product
and price, and return a session ID to the frontend for redirecting the user to payment. Additionally,
webhook endpoints were configured to listen for Stripe events such as checkout.session.completed,

10
ensuring the database is updated in real time once a payment succeeds. To maintain code quality
and separation of concerns, the backend was organized into controllers, services, and middleware
layers. Environment variables were managed securely using .env files to store sensitive Stripe
keys and database credentials. Security practices such as input sanitization, rate limiting, and
CORS handling were implemented to protect the APIs. Overall, the backend efficiently
orchestrates the entire business logic behind the payment and booking operations.

3. Database Design and Integration

The system relies on PostgreSQL, a powerful open-source relational database management system,
to manage and store all critical data elements. The database schema was carefully designed to
support the dynamic nature of bookings and payment processing. Key tables include State, City,
Store, Slot, Customer, and Payment, each with appropriate primary and foreign key relationships to
ensure data integrity. The Slot table contains details about slot availability, associated prices, and
store mapping, enabling real-time updates once bookings are confirmed. PostgreSQL's strong
support for ACID (Atomicity, Consistency, Isolation, Durability) principles ensures that all
booking and payment operations are reliably recorded, even in high-concurrency environments.
Query optimization techniques such as indexing frequently accessed columns were employed to
improve system performance. To manage the interaction between the application and the database,
an ORM (Object-Relational Mapping) tool like Sequelize or Prisma was considered for scalability,
although raw SQL queries were also used for complex transactions. Data validation at the database
level further prevents invalid records from being inserted. Backup strategies and regular migration
scripts were planned to ensure business continuity. This database integration guarantees that slot
availability, payment status, and customer details are synchronized across all parts of the
application ecosystem without data loss or inconsistency.

4. Stripe Payment Gateway Integration

Stripe was integrated into the system as the core payment gateway to provide a secure, reliable, and
scalable transaction experience. The payment workflow begins with the backend creating a Stripe
Product and associated Price object dynamically when a new slot is added to the system. When a
customer initiates a booking, the backend generates a Stripe Checkout Session, specifying the
selected Price ID, quantity, success URL, and cancel URL. This session ID is returned to the
frontend, which then redirects the user to Stripe’s hosted checkout page. The use of Stripe’s
PCI-compliant checkout interface eliminates the need for the application to handle sensitive card
details directly, significantly reducing compliance risks. Once the payment is successfully

11
completed, Stripe triggers a Webhook event that the backend listens to, verifying the event’s
authenticity using secret signing keys. Upon validation, the system updates the booking status in
the PostgreSQL database, confirming the reservation. Additional features such as sending email
receipts, handling refunds, and managing subscription plans were considered for future expansion.
By leveraging Stripe’s robust documentation, SDKs, and sandbox environments, the integration
was seamless and highly secure. This ensures that payments are processed efficiently, bookings are
instantly confirmed, and users enjoy a smooth, trustable transaction experience.

​ fig 6.1 : Model Architecture diagram

6.2 Technology Stack

●​ Programming Language: JavaScript and TypeScript – Used for building the

frontend (ReactJS) and backend (NodeJS) applications, offering flexibility and ease of
integration with APIs.
●​ Frontend Framework: ReactJS – For creating dynamic and responsive user
interfaces, allowing seamless interaction with Stripe APIs.
●​ Backend Framework: NodeJS with ExpressJS – For handling server-side operations,
Stripe integration, and API communication securely and efficiently.
●​ Database: PostgreSQL – Used to store product details, pricing information, and
transaction records, ensuring structured and scalable data management.

12
 ●​ Caching and Queue Management: Redis and RabbitMQ – For improving system
performance and handling asynchronous tasks such as webhook event processing.
●​ Payment Platform: Stripe – Provides secure and scalable payment processing with
features like Checkout Sessions, Webhooks, and Fraud Detection.

6.3 Implementation Screenshots

fig 6.3.1: Mapping of Product

fig 6.3.2: Create State UI

13
fig 6.3.3: Number Of Stores Available UI

fig 6.3.4: Stripe Payment Gateway

fig 6.3.5: All Slots Booked Listings

14
 Chapter 7
RESULT ANALYSIS

Results are described based on the performance of the Stripe-powered payment system after
integration and testing; successful transaction processing, real-time payment updates, and
seamless user interactions were observed. The system efficiently handled the creation of
checkout sessions, secure payment processing, and management of store and pricing data.
Gradual improvements in response time and transaction handling were noted during iterative
testing, indicating enhanced system performance. Errors during payment or session creation
were minimized through backend validations and webhook monitoring, resulting in a highly
reliable and smooth transaction experience.

Fig 7.1 : Graph for Transaction Success Rate vs Test Iteration.

15
The graph shows how the transaction success rate and system response time relate to multiple
test sessions. The success rate is shown on the y-axis, and the number of test iterations is
shown on the x-axis.
Decreasing Error Trend: As the number of test sessions increases, the transaction errors
gradually decline. This shows that the payment system becomes more reliable over time as
improvements are made during testing.
Steady Improvement: Initially, significant optimizations reduce session failures and incorrect
transaction handling, but over time, improvements become more incremental as the system
approaches stable performance.
Convergence: As the system stabilizes, the error rate flattens and transaction success
consistently remains high, indicating strong and reliable operational performance.

Iteration Error Rate (%) Success Rate (%) Observation

1 15 85 Initial session failures

detected.

3 7 93
Backend validations
improved.

5 3 97
Webhook event
handling optimized.

8 1 99 Near-perfect
transaction success.

10 0 100 System fully stable and

reliable.

Table 7.1: Improvement of Transaction Success Rate and System Stability

As demonstrated by the increasing transaction success rate and decreasing error rate, the
system's performance significantly improves with additional testing and refinements. During
early iterations, session errors such as incomplete payment confirmations were noticed.
However, by the 5th iteration, the Stripe Checkout integration was stable, resulting in over
95% success rates. After implementing backend validations and webhook event handling

16
improvements, success rates approached near-complete reliability by the 8th to 10th testing
sessions. This pattern demonstrates the system’s effective optimization, error recovery
mechanisms, and successful real-world readiness.
Chapter 8
CONCLUSION & FUTURE SCOPE

Conclusion

Integrating Stripe for digital payment solutions represents a transformative advance, opening
new doors for enhancing online commerce, especially for small and medium businesses
seeking secure, scalable, and efficient transaction systems. Traditional payment methods
often relied on complex, fragmented systems that lacked flexibility and incurred high
operational costs. However, with Stripe’s end-to-end payment infrastructure, seamless
checkout processes, fraud prevention, and global scalability have become easily achievable,
making online transactions more reliable and user-friendly.

Emerging features like Stripe’s dynamic product pricing, Checkout Sessions, and
webhook-driven real-time updates further push these capabilities, addressing challenges like
transaction errors, security vulnerabilities, and integration complexity. By offering
streamlined APIs and comprehensive documentation, Stripe empowers developers to build
highly functional payment systems quickly and securely. Ensuring data protection and PCI
compliance remains essential to maintain customer trust and regulatory adherence, making
ethical handling of financial information a central priority.

Future Scope

The future scope for Stripe-powered payment solutions is vast and promising, with
applications across a wide range of industries. As businesses increasingly transition to digital
platforms, integrating payment systems that support multiple currencies, localized payment
methods, and mobile wallets like Google Pay and Apple Pay will become essential.
Additionally, advancements could enable intelligent transaction analytics, AI-driven fraud
detection, and subscription management, allowing businesses to further enhance customer
experience and operational efficiency. Future developments may also focus on seamless
integration with emerging technologies such as blockchain and decentralized finance (DeFi)
systems, expanding the possibilities of secure and transparent financial transactions.

17
References​
​
[1] R. Gupta, C. Kapoor and J. Yadav, "Acceptance Towards Digital Payments and
Improvements in Cashless Payment Ecosystem," 2020 International Conference for Emerging
Technology (INCET), Belgaum, India, 2020, pp. 1-9, doi:
10.1109/INCET49848.2020.9154024.

[2] B. Rajendran, A. K. Pandey and B. S. Bindhumadhava, "Secure and privacy preserving

digital payment," 2017 IEEE SmartWorld, Ubiquitous Intelligence & Computing, Advanced
& Trusted Computed, Scalable Computing & Communications, Cloud & Big Data
Computing, Internet of People and Smart City Innovation
(SmartWorld/SCALCOM/UIC/ATC/CBDCom/IOP/SCI), San Francisco, CA, USA, 2017, pp.
1-5, doi: 10.1109/UIC-ATC.2017.8397623.

[3] B. A. Kurdi, Y. Ahmad Antouz, M. T. Alshurideh, S. Hamadneh and E. K. Alquqa, "The

Impact of Digital marketing and Digital Payment on Financial Performance," 2023
International Conference on Business Analytics for Technology and Security (ICBATS),
Dubai, United Arab Emirates, 2023, pp. 1-5, doi: 10.1109/ICBATS57792.2023.10111143.

[4] N. K. Kohli, T. Kapoor and V. Telang, "Digital Payment System as a Growth Driver for
the Indian Economy an Analysis," 2023 IEEE International Conference on ICT in Business
Industry & Government (ICTBIG), Indore, India, 2023, pp. 1-4, doi:
10.1109/ICTBIG59752.2023.10456102.

[5] D. Prihandoko, M. Hamsal, A. M. Sundjaja and W. Gunadi, "The Mediating Effect of

Digital Payment Tools in the Relationship Between Digitalization and Use of Technology to
Increase Sales on MSMEs," 2024 2nd International Conference on Technology Innovation
and Its Applications (ICTIIA), Medan, Indonesia, 2024, pp. 1-6, doi:
10.1109/ICTIIA61827.2024.10761248.

18
CERTIFICATES

19
20
21