Guide: Implement Saved Payment Methods with Stripe

17% of customers abandon their cart if the checkout process is complicated. There are many features a business can implement in its checkout flow to simplify the process, and one of them in saved payment methods.

Saving the customer's payment method for future purchases simplifies the checkout experience, as customers do not have to enter their payment details each time they make a purchase. Instead, all it requires is the click of a button to choose their payment method.

Payment methods are saved securely in integrated payment providers, such as Stripe. So, it is important to choose an ecommerce platform that supports saving payment methods with integrated payment providers, and retrieving those methods.

Medusa is a digital commerce platform that provides a framework built for customizations. Businesses using Medusa can integrate any third-party payment provider, and save the customer's payment methods with those providers.

This tutorial in the documentation guides developers in implementing saved payment methods and allowing customers to purchase with them.

To implement this feature, you will integrate Stripe into the Medusa application, and customize both the Medusa application and the Next.js Starter Storefront to provide saved payment methods in the checkout experience.