Terms
We at the office use Stripe to secure process financial transactions involved in your membership businesses. Stripe is an payment processing service that allows businesses that are of any size to accept transactions via the web (and in-person). It's among the most well-known payment processors in the world, but there are competing companies that offer similar offerings.
The ideal choice for your company's payment processor is based on a variety of elements, including the type of business you have, the countries that you are operating within, the payment method you need to accept as well as the pricing and features that each payment processor offers.
Let's glance at a few Stripe rivals to determine what is the most appropriate for you and your company!
Which one of the payment processors is right for you?
We'll dive deep into each individual competitor below however, let's first take a look at Stripe competitors at a glance with respect to the size and type of business:
SMEs
If you're a small or medium business, you may want to think about using an online payment service like Stripe, Square, or Authorize.net. These payment processors offer a variety of options that can be suited to small-sized businesses, including low prices, simple setup and friendly interfaces for users.
Enterprise
If you're an enterprise with a significant business, you may want to think about using a payment processor such as Adyen, Worldpay, or Braintree. They offer a wider range of features and offer support for a wider range of payment methods than payment processors for small businesses.
Global business
If you are required to accept payments from foreign customers, you may want to look into utilizing one of the payment processors such as 2Checkout, Mollie, or Payoneer. These payment processors specialize in various options for handling international payments like exchange rates and fraud protection.
Rivalries that Stripe
Below are a selection of popular Stripe rivals, but keep in mind that you may find something that is more pertinent to you and your business. In order to ensure you've got the right payment option to run your business, it's helpful to ask people you know for opinions, or to read reviews written by other businesses.
PayPal
PayPal is an online payment processor that offers many features that include the capability to accept payments made by major credit and debit cards in addition to PayPal accounts. V0MSEFFjWhTpEnCVwno PayPal is also able to provide a range of useful features for business, such as invoicing and regular billing.
Adyen
Adyen is a world-wide payment processor, offering an array of payment methods, including debit and credit cards, e-wallets as well as bank transfer.
Adyen is ideally suited to large businesses and enterprises, as it offers a variety of tools for managing global payments.
Square
Square is a payment processor for small businesses developed in collaboration with Block, Inc (which was founded by Twitter founder Jack Dorsey).
The company offers of options, such as an online point-of-sale program, payment processing, and the management of inventory. Square is popular for its low cost.
Authorize.net
Authorize.net is a popular processing service for small companies. It provides a range of features, including online payments, recurring billing, and security against fraud.
Authorize.net provides a range of pricing plans that meet the needs of different businesses.
Braintree
Braintree is a payment processor which is part of PayPal. It offers a variety of options, such as payments made online as well as mobile payment processing, along with fraud protection. The
Braintree is ideally suited to businesses that need to accept payments across multiple channels like mobile, online, and in-person.
GoCardless
GoCardless is an British payment processor that is specialized in direct debit payments and open banking. IdigfCGAAhf74sBGltSf is an excellent alternative for companies that want to collect recurring payments from customers, like membership companies.
Mollie
Mollie is a Amsterdam-based payment processor which is ideal for companies that must accept payment made by European customers. It offers a wide range of payment methods including debit and credit cards, e-wallets, as well as bank transfer.
Mollie is also able to provide a wide range of tools to manage European payments, such as SEPA direct debit and the iDEAL.
Worldpay
Worldpay is a world-wide payment processor offering many options for payment, such as credit and debit cards, e-wallets and bank transfer.
Worldpay is specifically suited for large businesses and enterprises, as it offers a variety of features for managing global payments.
Payoneer
Payoneer is a processor for payments that specializes in international payments. It's a great choice for businesses who need to pay freelancers and contractors all over the world. The
Payoneer also offers a variety of additional features, such as mass payouts and currency conversion.
Final conclusion: Stripe's competitors
The Stripe payment processor is widely used as a processing company, however it's important to evaluate the various payment processors at your disposal before deciding which one to go with. Be aware of the options and prices of each Stripe competitor provides in addition to the payment methods that you must accept. It is also recommended to read reviews on various payment processors, and seek feedback from other businesses.
Some of the main competitors that are a major threat to Stripe are Adyen, Worldpay, Braintree, and 2Checkout. The payment processors provide a 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 international reach, a more difficult configuration, and not as much help.
The most suitable company to use for payment will depend on a number of factors, such as the type of business you operate in, the locations which you are operating in, and the payment options you have to accept. We hope that you find this information useful!