8 Stripe Options for Top Stripes The In-Depth 2023 Handbook

The majority of Stripe options fall in one of two types: (1) payment processors as well as (2) an option for billing that handles payment processing and other billing aspects such as the detection of fraud, checkout and much more.

When selling physical goods and service (online or in person), various Stripe alternatives designed specifically for physical payment (like Amazon pay, Square, etc.) can provide the ability to process payments, fulfill orders as well as financing options and more. (It's worth noting that a majority of these services can be employed by SaaS businesses, but none of them are fully integrated payment solutions.)

In this article We will review the top eight Stripe alternatives within every one of these categories. Because our experience is focused on the provision of MoR services to SaaS firms, we'll start by providing a thorough review of our solution .

 Table of Contents

•      MoRs for SaaS Companies
• : International Payment Solution for SaaS
• Paddle Payment Infrastructure Platform
• Verifone: Formerly 2checkout
•      Billing Software to sell physical Goods and Services
• Square is a Popular Payment Platform to help startups
• PayPal for Business: Available on Major eCommerce Platforms
• Authorize.net: For Merchants and Small Businesses
• Adyen Robust Financial Technology Platform
• Amazon: Payment Service and Order Fulfillment

All-in-one payment solutions for SaaS Companies (MoRs)

Most companies using Stripe (or something similar to Stripe) are aware that Stripe is more than just processing transactions however there are a few obstacles in making the system work for you. There are a lot of add-ons and additional fees, and some of the capabilities aren't as robust.

In this case, Stripe advertises subscription management features, however, many companies end up integrating with an alternative service such as Chargebee or Recurly for the features for managing subscriptions they require.

More often than not, SaaS companies end up with a stack of payment technology of over a dozen tools that can be used for:

• Calculating international taxes.
• More subscription management features.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Higher authorization rates are available in other nations.
• and more.

Making it all work together is a major strain on the development team.

In addition, you'll have to keep a team of tax and legal experts in order to ensure compliance across the globe (because services such as Stripe do not help in any legalities). While it's true that, historically, SaaS and ecommerce companies weren't required to pay sales or VAT tax, this is no longer an issue. If you don't gather and remit the right amount of tax in each location you sell your products in the country you sell in, you may be subject to severe penalties or even be barred from selling within that area at some point in the future.

The choice of a bill solution that also acts as your MoR solves all of these problems.

A MoR manages all SaaS charging process , from the collection and payment of local and international taxes (such as VAT and sales tax locally) while adhering to local legislation and regulations, as well as payment processing, chargebacks, and much more.

: International Payment Solution for SaaS

is acting as an MoR for multinational software companies for over twenty years. Therefore, we have the experience to scale up globally fast. Here are some instances of how we have helped other SaaS businesses expand internationally and grow their revenue

Utilize a variety of payment processors in order to boost revenue

A majority of SaaS companies and founding teams believe that they only require a single payment processor in order for accepting payments. But, the majority of SaaS businesses eventually find themselves needing more to:

• Accept more payment methods: Customers are more likely to purchase if they can use their preferred method of payment. There are a few exceptions to this rule. Not all payment processors support the same payment options. Working with multiple payment processors lets you accept more payment methods and, therefore, increase revenue.
• Increase authorization rates for international transactions The card networks are more likely to approve transactions if the payment processor is legally incorporated located in the same place. Some payment processors will establish an legal entity with multiple locations, however, most firms still have to collaborate with several payment processors to handle local payments.
• Accept payment from more countries:Some payment processors only accept payments from a select group of countries or regions. Utilizing multiple payment processors allows you to connect with customers in more locations.

Working with several payment processors could also resolve connectivity issues or system failures. If one processor has a problem with its network, you can reroute your transaction to a different payment processor that's fully operational.

By using HTML0 , you'll be accepted by a variety of payment processors that are experts in international transaction as well as accept the most common payment options around the globe -- including PayPal and Amazon Pay.

Based on the region of the purchaser, it automatically transfers the transaction to the payment processor with the highest rates of authorization within the region. If a transaction fails and we have to retry the transaction using an alternative processor.

Note: You also have the option of preventing transactions in certain regions, or restrict products within every region.

Stop fraudulent transactions without blocking valid transactions

An effective fraud defense system will aid in increasing authorization rates, decrease chargebacks, and protect your company from attacks. However, if genuine transactions are flagged as fraud, you'll lose revenue.

cooperates with Sift for sophisticated security and risk analysis. Sift uses machine learning and AI to analyse millions of global transactions each month in order to spot high-risk transactions more accurately. This means your fraud protection will always be evolving in order to offer greater security as well as increase the rate of approval.

Also, it is possible to block transactions coming in jurisdictions and countries where companies are currently not allowed to conduct business.

 When one of your customers initiate a chargeback, or has a problem in fraud, you should take the lead to resolve it on your behalf.

Stay clear of costly fines and penalties by Letting Handle Local Legal compliance for You

Even if all legitimate transactions go through, you could receive hefty penalties or be prevented from transacting in that region if the transactions aren't in accordance to local laws and regulations. As an example there is a law that states there is a restriction on automatic recurring payments by the Reserve Bank of India limits automated recurring payments up to 15,000 INR.

Most companies need a full compliance team of lawyers in order to stay up-to-date with the latest rules and laws of every jurisdiction they do business in.

It is possible to be penalized or subject to penalties if do not file a consumption tax. SaaS companies didn't always have to pay tax, but tax regulations for digital sales are changing and being increasingly enforced.

companies that employ Stripe (or another point solution) have to handle tax on their own. While Stripe will help gather taxes on sales, they'll need other software to collect GST, VAT, and various other forms that collect consumption taxes. Plus, you'll need a staff of tax experts to pay the tax at the end of each tax period.

 lets you free yourself from this burden by:

•   Incorporating all tax on consumption (including GST, VAT, SST, etc.) and then transferring it to the right time for you.
•   The company is leading the charge on legal compliance (including audits).  

We are fully in compliance with the EU General Data Protection Regulation (GDPR) and also the California Consumer Privacy Act (CCPA). Additionally, we renew our level one certification -- which is the highest possible level -and is compliant in accordance with the Payment Card Industry Data Security Standard (PCI DSS) each year.

All of the Checkouts to Subscriptions on One Place

Instead of needing to build an entire payment stack comprising over a dozen different solutions to help you manage subscriptions, customer checkouts, reporting analytics, reports, and more, lets companies manage all aspects of SaaS billing right through their own account dashboard.

 Customized, Localized Checkout

You have complete control over your checkout procedure with the Store Builder Library. You are able to modify any part of your checkout process and our staff provides personalized assistance along the process. We also provide pre-built checkout experiences. With minimal code, you can embed checkouts into your website, or have the checkout pop-up. Or, if you want to outsource the entire checkout process, you can choose the web storefront option which will see your clients directed to a site to complete the purchase. It is possible to customize the storefront to reflect the branding of your website.

Whatever checkout option you pick allows you to translate the checkout into local languages and change prices to local currencies.

 Subscription Management

It lets you build a variety of customizable recurring and trial billing model without writing code. Additionally, you can use's API , webhooks and API library to create more complex subscription logic and integrations.

 Dunning Management

takes care of all missed payments as well as customers' notifications on failed payments for youjust select the way you want it handled and we'll take care of everything else. There are a few choices you can choose from are:

• Send proactive alerts to customers (e.g."your credit card is expiring soon').
• Send Multiple follow-up notifications (e.g. Two, five, seven 14, and twenty-one days after the payment method has failed).
• Continue (or pause) the service up to the point that the last notice has been sent out.
• The service will be stopped (or cancel) the service after all notification notifications have been sent out and the card continues to be declined.

Your customers are also able to access an intuitive self-serve portal where they can change their payment details and control their subscription plans.

 Reporting and Analytics

Many SaaS companies using Stripe will eventually add reports and a customer analytics tool to give them insight into stats like MRR, churn rate, new customers by product type or geography or location, and many more.

However, it also is a powerful report and analytics tool that is built into your dashboard where you are able to view the key performance indicators (KPI) for your customer base and your subscription models. It is possible to view your reports and know:

• How each product contributes to the bottom line of your business.
• What promotions or coupons have been successful.
• Which subscription models earn the most money.
• The location of your clients.
• Plus there's and more.

Every report can be customized and saved for easy access in the future. Additionally, you can export and share reports as a CSV, PNG, or an XLSX spreadsheet.

Flat-Rate Fee, No hidden costs

Many payment processors (like Stripe) typically charge an affordable processing fee but they'll also charge for features like subscription management, additional payment method support, and tax collection. Plus, you'll have to cover any other software required for a comprehensive bill solution as well as staff to oversee the whole procedure. For most companies, this ends up being an expense.

The other side, manages your entire SaaS payment process with a single flat rate transaction fee. No add-on fees. No transition fees. Charges are not due until a transaction takes place.

Paddle: Payment Infrastructure Platform

Paddle acts as an MoR to SaaS companies focused on B2C transactions with the ability to provide single-product transactions. Paddle has features such as:

• Secure check-out.
• Recurring billing management.
• A powerful payment toolkit.
• Fraud protection.
• Transaction and subscription reporting. (With the recent acquisition of ProfitWell They plan at delivering SaaS reporting integrations in the coming years.)
• Invoicing. (This option is currently in beta, so it could not be the most appropriate option for companies that sell to B2B.)
• and more.

Verifone The company was previously 2checkout.

Verifone acts as your MoR, or simply make payment transactions. They have the ability for supporting small- to medium-sized businesses in a variety of fields (e.g., retail and hospitality) providing both in-person as well as online goods or services.

Verifone functionalities include:

• Integrated POS.
• Kiosks.
• Payment processing using cryptocurrency.
• Device diagnostics.
• Hosted checkout.
• Plus.

Billing Software for Selling Physical Goods and Services

Although SaaS companies can use almost any billing solution for selling their product (although some are more efficient than others), not every solution can be used by companies offering physical goods or services. companies selling physical items and services need solutions to manage their the online as well as offline sales.

In the case of selling physical items or services, the majority of firms end up using several different programs for a comprehensive billing solution. But, there are methods to limit the amount of software you need and how your expenses will be. The most effective place to begin is to think about the current requirements (e.g., are you selling in-person and online?) And plan for the future needs (e.g. Do you like to sell online at some point in the near coming years? ).

You can then test each bill solution with a couple of key questions:

• What aspects of billing do the programs cover? Does each feature truly meet the requirements for your current needs (e.g., maybe they offer a subscription bill solution, but don't offer the type of billing you want)? Are the options allowing space for your business to grow?
• Will you get all options for one price, or will you have spend extra money for features you need? Can the cost be sustained in the long run, as your business increases?
• What is the process to connect the program with different software?
• Are the programs user-friendly?

Next, we cover five Stripe rivals for businesses selling tangible goods and services. assist you in your research.

Square: Popular Payment Platform for Startups

Square is a popular point-of-sale solution for companies of all dimensions. With Square, you can accept payments from your online store, in-person, or via social media. Beyond payment processing, Square also offers solutions for:

• Virtual terminals (so you can accept credit card payments using your computer).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant accounts, savings accounts, and loans).
• Management of staff (including pay, time off management, time off. ).
• and more.

PayPal for Business: Available on Major eCommerce Platforms

PayPal is one of the most well-known ewallets for personal online payments However, they also provide the option of accepting payments for companies in all sizes. PayPal supports debit card as well as credit card processing at the store or from your online business.

(SaaS companies that utilize it also accept payments through PayPal.)

PayPal for Business also includes:

• Business financing.
• Donation tools.
• Integrates with the most popular ecommerce shopping carts (e.g., Shopify).
• Consulting services for refund and chargeback.
• A mobile app.
• Mass payouts.
• Plus.

Note: PayPal also has the only payment processor that is specifically designed for SaaS called Braintree.

Authorize.net: For Merchants and Small Businesses

Authorize.net (a Visa solution) is a payment service provider that supports phones, mobile payments, and ACH. They also provide a card reader to make payments in-person as well as online purchase support.

Other features offered by Authorize.net are:

• Live customer support 24/7.
• The features for customer management will improve user-friendliness.
• Invoicing via digital.
• Recurring Payment Tool.
• Advanced Fraud Detection Suite (AFDS).
• And more.

Adyen Robust Financial Technology Platform

Adyen is a finance technology platform that focuses on the scalable growth. In addition to the payment processing capabilities, Adyen offers features such as:

• Creation of physical and virtual cards.
• Techniques to improve traffic efficiency in real-time.
• Advanced fraud algorithm.
• Cross-channel sales support.
• Corporate bank accounts are for your clients.
• and more.

Amazon Pay: A Payment Service as well as Order Fulfillment

Amazon Pay let your customers make use of their existing payment details in their Amazon account that you have on your site. Amazon Pay can be used as a standalone payment option that does not require becoming an Amazon merchant. Although you can easily use Amazon Pay on your own site and then become an Amazon merchant (which gives you the option to have your fulfillment handled by Amazon).

Amazon Pay comes with:

• Improved checkouts that are modeled on Amazon's checkout.
• Co-marketing campaigns.
• Self-service reporting dashboard.
• Tools for easy integration.
• and more.

NOTE:With , your customers are able to pay with Amazon Pay and many other options for payment.