Terms
We at the office use Stripe to secure process financial transactions involved in the business of your members. Stripe is a worldwide payment processor that allows businesses that are of any size to accept payment online (and in-person). It is one of the most well-known payment processors around the globe, but there are many competing companies that offer similar services.
The ideal company to use for payment processing depends on a range of elements, including the kind of company you are operating, the country which you do business within, the payment method you will need to use along with the services and prices offered by each platform.
Let's have a look at some Stripe rivals to determine what's most pertinent to both your business and yourself!
Which processor for payments is the best for you?
We'll dive deep into every competitor's individual profile below, but first let's examine Stripe competitors within the context of your size and type of your business.
SMEs
If you're a small or medium business then you might want to consider using a payment processor like Stripe, Square, or Authorize.net. These processors provide many features that are well-suited for small-sized businesses, including affordable pricing, easy setup and easy-to-use interfaces.
Enterprise
If you are a large enterprise, you might want to look into an online payment service like Adyen, Worldpay, or Braintree. These processors provide a wider range of features and offer support for a wider range of ways to pay than processors specifically designed for smaller businesses.
Global business
If you have to take payments from foreign customers, you may want to think about using a payment processor like 2Checkout, Mollie, or Payoneer. They specialize in various features for managing international payments including currency conversion and fraud protection.
Competition that Stripe
Below are a few well-known Stripe competitors but please note it is possible that there's something else relevant to your and the work you do. For you to make sure that you are using the right payment option for your business, it's helpful to ask your colleagues and friends for their feedback or read customer reviews from other businesses.
PayPal
PayPal is a popular online payment processor offering a wide range of features which include the capacity to accept payment from the most popular debit and credit cards in addition to PayPal accounts.
PayPal is also able to provide a range of features that are suitable for businesses, such as invoicing and regular billing.
Adyen
Adyen is a worldwide payment processor offering many options for payment, such as debit and credit cards, e-wallets, as well as bank transfer.
Adyen is especially suitable for large businesses and enterprises, as it offers a variety of options for managing international payment transactions.
Square
Square is a payment processor for small businesses developed through Block, Inc (which was founded by Twitter founder Jack Dorsey).
The company offers of features, including the point-of-sale software, online payments, as well as the management of inventory. Square is also known for its affordable prices.
Authorize.net
Authorize.net is a popular payment processor for small businesses. It provides a range of options, such as online payments along with recurring billing as well as security against fraud.
Authorize.net also offers a variety of pricing plans to meet the requirements of various businesses.
Braintree
Braintree is a payment processor that is operated by PayPal. It provides a range of services, including the ability to process payments online as well as mobile payment processing, along with fraud prevention. The
Braintree is ideally suited to firms that must accept payment from a variety of channels like mobile, online as well as in-person.
GoCardless
GoCardless is an British processing company that specialises in direct debit payments as well as open banking.
It is a good alternative for companies that want to receive periodic payments from their customers such as for membership businesses.
Mollie
Mollie is a payment processor that is well-suited for businesses that need to accept payment by European customers. It offers a wide range of payment options, such as debit and credit cards, electronic wallets, as well as bank transfer.
Mollie provides a range of features for managing European payment methods, including SEPA direct debit and IDEAL.
Worldpay
Worldpay is a world-wide payment processor, offering an array of payment methods, including debit and credit cards, e-wallets as well as bank transfers.
Worldpay is especially suited to large businesses and enterprises, because it provides a range of options for managing international payment transactions.
Payoneer
Payoneer is a payment processor that specializes in international payments. It is a good alternative for companies that have to pay freelancers and contractors around the world. It is
. Payoneer also offers a variety of other features like mass payments and currency exchange.
Conclusion: Stripe competitors
Stripe is an internationally renowned payment processor. However, it's crucial to look at different payment processors that are accessible to you prior to deciding which to use. Take into consideration the pricing and features offered by each Stripe competitor provides in addition to the payment methods are required to use. It is also recommended to read reviews on different payment processors and get opinions from other companies.
A few of the major competitors to Stripe include Adyen, Worldpay, Braintree, and 2Checkout. They offer range of benefits including more payment options with lower charges, as well as more features. But, they do come with some drawbacks that include fewer global reach, more complex configuration, and not as much help.
The most suitable choice for your company's payment processing will depend on a number of variables, including your type of business are operating, the country you operate in, and the payment methods you'll need to accept. We hope that you find this helpful!