There is no doubt online payment processing has become the best alternatives for payments and other business transactions. Obviously Stripe is one of the giants when it comes to the payment processing industry. The firm has been in operations since 2010 and headquarters in Dublin, Ireland. Millions of companies of all sizes—from startups to Fortune 500s—use Stripe’s software and APIs to accept payments, send payouts, and manage their businesses online.
Stripe has a simple, transparent pricing structure and only charges transaction fees. Moreover, Stripe is ultimately functional and customizable. Although the company has proven to reliable with some advantages, certain drawbacks of Stripe—as any of may inspire users to search for top Stripe alternatives, which is this post seeks to cover.
PayPal just like competitors within the industry offers variety of options for accepting online payments, known for its ease of use. Paypal is an American multinational financial technology company cooperating in many countries. It dominates the digital payment scene. It has upwards of 360 million active users in more than 200 countries. PayPal lets you pay for things online with a bank account instead of a credit card and keeps your payment information hidden from merchants. It also makes sending money easy and, in most cases, free. PayPal has essentially made checks and costly wire transfer services obsolete. PayPal therefore tops the chart on alternatives for stripe.
Square also offers online payments solution, ecommerce store builder, billing, payroll, and more. The company has helped millions of sellers run their business-from secure credit card processing to point of sale solutions. A very notable distinction between Square and its competitors-including Stripe and PayPal is that Square offers more business tools, such as employee management, while PayPal’s features are limited to payment. Square also has a feature to schedule appointments within the app so that you can integrate your calendar with your payment platform which is a feature most of its competitors lack.
2Checkout is another payment processing company mostly used as by many as one of the alternatives for stripe payment. payment solution. 2Checkout emphasis on global payments, digital goods, and related¹ ecommerce tools. In August 2020, Verifone acquired 2Checkout. 2Checkout provides seamless and frictionless experiences to customers globally through innovative and next-generation hardware and cloud services. 2Checkout becames Verifone on 2010 and the unified company improved omnichannel commerce wherever and whenever clients shop.
WePay is an online payments solution that is currently affiliated with Chase Merchant Services. Unlike many of the Stripe competitors we’ve discussed thus far, WePay is designed to accommodate a very specific need. Instead of servicing businesses that need to accept online payments, WePay works with business owners who want to allow their customers to send and receive payments. Therefore, WePay largely services SaaS (software-as-a-service) businesses and other similar companies.
Authorize.Net is a United States-based payment gateway service provider. It allows merchants to accept credit card and electronic check payments through their website and over an Internet Protocol connection. Authorize.net was founded in 1996, and is now a subsidiary of Visa Inc. As one of the best alternatives for stripe, Authorize.Net offers advanced, customizable settings to help prevent and detect fraud. With Authorize.Net, you’ll receive 13 different configurable fraud filters that you’ll be able to change based on your business’s top concern.
Braintree is a subsidiary of PayPal and includes a dedicated merchant account. Based in Chicago, Briaintree just like Authorize.net specializes in mobile and web payment systems for e-commerce companies. Braintree provides clients with a merchant account and a payment gateway. Although Stripe excels in customization and advanced development opportunity, Braintree, as part of the PayPal suite, stands out in terms of usability and simplicity. With Braintree, you can either add a full-featured checkout to your app or site with a few lines of code. Braintree offers a scalable payments solution for marketplace businesses, and the ability to manage payouts with our newest offering from Hyperwallet.