In today’s digital world, online payment has become the norm for businesses of all sizes. Stripe has been a leader in the online payment processing industry, providing a user-friendly platform that allows businesses to accept payments from customers worldwide.
However, as the market continues to grow, more and more competitors are entering the field, offering businesses new options to choose from. In this article, we’ll take a closer look at the top 12 Stripe alternatives that can help boost your payment options and enhance your business.
In today’s digital world, online payment has become the norm for businesses of all sizes. Stripe has been a leader in the online payment processing industry, providing a user-friendly platform that allows businesses to accept payments from customers worldwide. However, as the market continues to grow, more and more competitors are entering the field, offering businesses new options to choose from.
Related: A Step-by-Step Guide to Setting Up Your US Stripe Account as a Non-Resident in 2023
List of 12 Best Stripe Alternatives & Competitors
This is a list of 12 best Stripe alternatives and competitors. The list includes platforms that offer similar features as Stripe, such as payment processing, international sales and more.
PayPal
PayPal is one of the most popular and recognizable payment processors in the world. It’s a trusted name that’s been around for over two decades and offers a range of services to businesses, including the ability to accept online payments, send invoices, and manage transactions. PayPal is also known for its security and fraud prevention measures, making it a reliable option for businesses of all sizes.
One of the advantages of using PayPal is its ease of use. It’s a well-known platform that most people are already familiar with, which means customers won’t have to create a new account or go through a complicated checkout process. PayPal also offers competitive pricing, with fees starting at 2.9% + $0.30 per transaction.
2Checkout
2Checkout is a global payment processor that offers a range of payment options, including credit cards, PayPal, and mobile payments. It’s known for its easy integration with a variety of shopping carts and e-commerce platforms, making it a popular choice among businesses. 2Checkout offers competitive pricing, with fees starting at 3.5% + $0.35 per transaction.
One of the advantages of using 2Checkout is its global reach. It supports over 200 markets and over 100 currencies, making it a great option for businesses with an international customer base. 2Checkout also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
Checkout.com
Checkout.com is a global payment gateway that offers a range of payment options, including credit cards, mobile payments, and e-wallets. It’s known for its customizable checkout process, which allows businesses to tailor the payment experience to their specific needs. Checkout.com offers competitive pricing, with fees starting at 2.9% + $0.30 per transaction.
One of the advantages of using Checkout.com is its robust reporting and analytics features. Businesses can access real-time data on transaction volumes, revenue, and customer behavior, allowing them to make informed decisions about their payment strategy. Checkout.com also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
Amazon Payments
Amazon Payments is a payment processing service that allows businesses to accept payments from Amazon customers. It’s a popular choice among e-commerce businesses that sell on Amazon, as it provides a seamless checkout experience for customers. Amazon Payments offers competitive pricing, with fees starting at 2.9% + $0.30 per transaction.
One of the advantages of using Amazon Payments is its integration with Amazon’s ecosystem. Businesses can easily manage their payments and inventory through their Amazon seller account, streamlining their operations. Amazon Payments also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
Razorpay
Razorpay is a payment gateway that’s designed for businesses in India. It offers a range of payment options, including credit cards, debit cards, and net banking. Razorpay is known for its easy integration with a variety of e-commerce platforms and shopping carts, making it a popular choice among businesses in India. Razorpay offers competitive pricing, with fees starting at 2% + ₹3 per transaction.
One of the advantages of using Razorpay is its support for Indian payment methods. It allows businesses to accept payments from customers using popular Indian payment methods, such as UPI and mobile wallets, which are not supported by many other payment processors. Razorpay also offers real-time analytics and insights, giving businesses valuable information on transaction volumes, revenue, and customer behavior.
Square
Square is a payment processing service that’s designed for small businesses. It offers a range of payment options, including credit cards, mobile payments, and e-commerce payments. Square is known for its user-friendly platform and competitive pricing, with fees starting at 2.6% + $0.10 per transaction.
One of the advantages of using Square is its range of features for small businesses. It offers tools for invoicing, inventory management, and customer management, making it a one-stop-shop for small business owners. Square also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
Authorize.net
Authorize.net is a payment gateway that offers a range of payment options, including credit cards, e-checks, and mobile payments. It’s known for its easy integration with a variety of shopping carts and e-commerce platforms, making it a popular choice among businesses. Authorize.net offers competitive pricing, with fees starting at 2.9% + $0.30 per transaction.
One of the advantages of using Authorize.net is its robust security features. It offers fraud prevention and chargeback protection, as well as a range of security tools, such as SSL encryption and tokenization. Authorize.net also offers a variety of reporting and analytics features, giving businesses valuable insights into their payment data.
Wise (formerly Transferwise)
Wise, formerly known as Transferwise, is a global money transfer service that offers low-cost transfers in multiple currencies. It’s known for its competitive exchange rates and transparent fees, making it a popular choice among businesses with an international presence. Wise charges a percentage-based fee on the transfer amount, with rates varying depending on the currencies involved.
One of the advantages of using Wise is its low-cost transfers. It charges a percentage-based fee on the transfer amount, which is often lower than the fees charged by traditional banks. Wise also offers a range of payment options, including bank transfers and debit cards, making it a versatile option for businesses.
Melio
Melio is a payment platform that’s designed for small businesses. It offers a range of payment options, including bank transfers and debit cards, as well as the ability to send and receive invoices. Melio is known for its user-friendly platform and competitive pricing, with fees starting at 2.9% for credit card transactions and no fees for bank transfers.
One of the advantages of using Melio is its focus on small businesses. It offers a range of tools to help small business owners manage their payments, such as automated reminders and payment scheduling. Melio also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
WorldPay
WorldPay is a payment processing service that offers a range of payment options, including credit cards, mobile payments, and e-commerce payments. It’s known for its global reach, with support for over 120 currencies and a range of local payment methods. WorldPay offers competitive pricing, with fees starting at 2.75% + £0.20 per transaction.
One of the advantages of using WorldPay is its focus on international payments. It offers support for a range of local payment methods, such as Alipay and WeChat Pay, which can be important for businesses that operate in countries with different payment preferences. WorldPay also offers fraud prevention and chargeback protection, giving businesses added security and peace of mind.
Dwolla
Dwolla is a payment platform that’s designed for businesses in the US. It offers a range of payment options, including bank transfers and credit cards, as well as the ability to send and receive ACH payments. Dwolla is known for its user-friendly platform and competitive pricing, with fees starting at $0.25 per transaction.
One of the advantages of using Dwolla is its focus on ACH payments. ACH payments are a popular choice for businesses that need to make frequent payments or large payments, as they’re often faster and more cost-effective than other payment methods. Dwolla also offers customizable payment pages and advanced fraud prevention features, making it a versatile option for businesses.
Cerdinity
Cerdinity is a payment processing service that offers a range of payment options, including credit cards, debit cards, and mobile payments. It’s known for its user-friendly platform and competitive pricing, with fees starting at 2.9% + $0.30 per transaction. Cerdinity offers a range of features for businesses, including customizable payment pages and fraud prevention tools.
One of the advantages of using Cerdinity is its focus on mobile payments. Mobile payments are becoming increasingly popular among consumers, and businesses that offer mobile payment options can increase their revenue and customer satisfaction. Cerdinity also offers real-time analytics and reporting, giving businesses valuable insights into their payment data.
Conclusion
In conclusion, there are many Stripe alternatives available for businesses looking to expand their payment options. Each of the services mentioned in this article has its own advantages and disadvantages, and businesses should carefully consider their specific needs before choosing a payment processor.
PayPal is a popular choice for businesses of all sizes, while 2Checkout offers a range of international payment options. Checkout.com is known for its competitive pricing, and Amazon Payments offers a seamless checkout experience for Amazon customers. Razorpay is a versatile option for businesses in India, while Square offers a range of tools for small businesses.
Authorize.net is a popular choice for businesses looking for a robust payment gateway, and Wise is a low-cost option for international money transfers. Melio is designed specifically for small businesses, and WorldPay offers support for a range of local payment methods. Dwolla is a versatile option for ACH payments, and Cerdinity offers a focus on mobile payments.
By choosing the right payment processor, businesses can improve their checkout experience, increase their revenue, and build trust with their customers. With so many Stripe alternatives available, there’s no reason for businesses to limit themselves to a single payment option.
