8 Top Stripe Alternatives: The 2023 In-Depth Guide

Most Stripe alternatives fall into one of two groups: (1) payment processors and (2) an option for billing that handles payment processing as well as additional aspects of billing like fraud detection, checkout, and more.

when selling physical products and products and services (online or in person), various Stripe alternatives built for physical goods payment (like Amazon pay, Square, etc.) offer the ability to process payments, fulfill orders as well as financing options as well as other options. (It's important to note that many of these services can be employed by SaaS firms, but none of them is an all-inclusive payment system.)

In this guide in this guide, we review eight of the best Stripe alternatives for every one of these categories. Because our experience is focused on offering MoR services to SaaS businesses, we'll begin by providing a thorough review of our service .

 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 A well-known payment platform to help startups
• PayPal for Business: Available on Major eCommerce Platforms
• Authorize.net: For Merchants and Small Businesses
• Adyen Robust FinTech Platform
• Amazon: Payment Service and Order Fulfillment

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

The majority of companies that use Stripe (or something similar to Stripe) recognize that Stripe is more than just processing transactions however there are a few obstacles in making the system function for your needs. It can require tons of add-ons and additional fees as well as some options are not as extensive.

For example, Stripe advertises subscription management capabilities, however, lots of businesses end up joining another service like Chargebee or Recurly in order to gain the subscription management features they require.

In the majority of cases, SaaS companies end up with a payment tech stack comprising more than a dozen applications for:

• Calculating international taxes.
• More subscription management features.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Getting higher authorization rates in different nations.
• and more.

Making it all work together puts a massive stress on the team working to develop.

Additionally, you'll need have a vast group of legal and tax experts in order to ensure compliance across the globe (because products such as Stripe aren't able to help with laws). While it's true that, in the past, SaaS and ecommerce companies weren't required to pay sales or VAT tax, that's no longer the case. If you don't collect and pay the correct amount of tax for each location you sell your products in the country you sell in, you may be subject to massive fines, or be banned from selling products in the region 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 collecting and remitting taxes both internationally and locally (such such as VAT and local sales taxes) while adhering to local laws and regulations, payments processing, chargebacks, and more.

: International Payment Solution for SaaS

has been acting as a MoR for global software firms for more than 20 years. We have the experience to expand globally almost overnight. Here are some instances of how we have helped other SaaS businesses expand internationally and increase revenue:

Leverage Multiple Payment Processors to boost revenue

Many SaaS firms and founder teams initially think they just require a single payment processor in order for accepting payments. In reality, many SaaS businesses eventually find themselves having to purchase more processors in order to:

• Accept additional payment methods: Customers are more likely to complete a purchase when they have their preferred payment method. However, not every payment processor supports the exact same set of payment methods. Working with multiple payment processors lets you use more payment methods andthus, boost the amount of revenue you earn.
• Increase authorization rates for international transactions Card network are more likely to accept transactions if the processor is legally incorporated located in the same place. Certain processors set up an legal entity with multiple places, but most companies still need to work with multiple payment processors in order to process every payment locally.
• Accept payment from more nations:Some payment processors only allow payments from certain nations or regions. Working with multiple payment processors allows you to reach your customers from a wider range of locations.

Utilizing multiple processors for payments could also resolve the issue of connectivity, or even system problems. If one payment processor experiences a network issue it is possible to redirect your transaction to a different payment processor that's operational.

With , you'll be accepted by a variety of payment processors, which are experts in international transactions and take the most popular payments methods across the globe -- including PayPal and Amazon Pay.

Based on the region of the buyer, the system automatically sends the payment to the bank that has the highest rate of authorization in the region. If the transaction is unsuccessful, we automatically retry the transaction using another processor.

Notice: You also have the option to block transactions from certain regions or limit products in each region.

Stop fraudulent transactions without blocking Valid Transactions

The right fraud protection can assist you in increasing the rate of authorization, decrease chargebacks, and protect your company from attacks. However, if genuine transactions are flagged as fraud, you'll have to lose revenue.

partners together with Sift for advanced risk analysis and fraud protection. Sift uses machine learning and AI to analyse millions of transactions around the world every month in order to spot risky transactions with higher accuracy. That means your fraud prevention will always be evolving in order to offer more security and increase the rate of approval.

can also block transactions in jurisdictions and countries where firms aren't currently allowed to do business.

 When one of your customers initiate a chargeback, or has a problem in fraud, you should take the initiative to solve the issue for you.

Reduce the risk of high fines and penalties By letting local legal compliance for You

However, even if all legitimate transactions are completed, you may face hefty fines or not be able to transact within that area if your transactions aren't in accordance to local laws and regulations. In the case of example it is the case that it is the case that the Reserve Bank of India limits automated recurring payments up to 15,000 INR.

Many companies require a compliance department of legal professionals to keep up to date with the latest laws and regulations of each area they operate in.

You can also be fined or face penalties if you do not file a consumption tax. SaaS companies didn't always have to pay taxes, but tax regulations for digital sales are changing and being increasingly enforced.

Companies that use Stripe (or other point solutions) must manage tax by themselves. Even though Stripe will help gather the tax on purchases, you'll require other software to collect GST, VAT as well as other types of tax on consumption. Plus, you'll need an expert tax team to pay the tax upon the conclusion of each tax period.

 takes away the burden of:

•   Collecting all consumption tax (including GST, VAT, SST, etc.) and remitting it at the appropriate time for you.
•   Leading the way in legal conformity (including audits).  

Fully compliant with EU General Data Protection Regulation (GDPR) as well as the California Consumer Privacy Act (CCPA). We also renew our level 1 certification that is the highest possible level -and is compliant by certifying to the Payment Card Industry Data Security Standard (PCI DSS) each year.

All of the Checkouts to Subscriptions in One Platform

Instead of needing to build an entire payment stack comprising over dozen solutions that aid you with managing subscriptions payment experiences, reports analytics, reports, and other things, companies can manage every aspect of SaaS billing via their web-based control panel.

 Localized and Customized Checkout

You have complete control over your checkout process with your own Store Builder Library. You are able to modify any part of checkout and our team provides personalized assistance along the process. Additionally, we offer pre-designed experience. By using only a few lines of code, you can embed checkouts into your website, or even an open-ended checkout. For those who want to outsource all the checkout process, you can select the storefront on the internet where your customers will be taken to a web-based storefront to complete the purchase. The storefront can be customized to reflect the branding of your site.

Whatever checkout option you pick let you translate your checkout to local languages, and convert prices to local currencies.

 Subscription Management

lets you create a variety of customizable recurring and trial billing models without code. Additionally, you can use's Webhooks API as well as webhooks libraries to create more complex subscription logic and integrations.

 Dunning Management

manages all payments that fail and customer notifications for you -- simply choose how you'd like to handle it and we'll take care of the rest. A few options you have include:

• Send proactive messages to your customers (e.g., 'your credit card will soon expire').
• Send multiple follow-up messages (e.g. Two, five, seven, fourteen, and twenty-one days after their payment method is unsuccessful).
• Continue (or suspend) this service until last notice was sent.
• Pause (or stop or) the service when all the notifications have gone out, and the transaction is still getting declined.

Customers can also access an intuitive self-service platform where they can update payment information as well as manage their subscription.

 Reporting and Analytics

A lot of SaaS firms that use Stripe end up adding a reporting and customer analytics tool to give them insight into stats like MRR, churn rate and new customers based on product type or geography, and more.

On the other hand, has a robust reporting and analytics tool built into your dashboard where you can see key indicator of performance (KPI) for both your customer base as well as your subscription models. It is possible to view your reports and be able to understand:

• The impact each product has on the bottom line of your business.
• What promotions or coupons are working.
• Which subscription model generates the most money.
• The location of your clients.
• and many and more.

The reports can be personalized and saved to make it easy to access at a later date. It is also possible to share and export reports in CSV, PNG or an XLSX spreadsheet.

Flat-Rate Fee with No Hidden Costs

The majority of payment processors (like Stripe) typically charge an affordable processing fee but they'll also charge for features like subscription management, additional services for payment methods and tax collection. In addition, you'll be required to pay for any additional software needed for a complete billing solution and the staff to oversee the whole procedure. Most companies find that this ends up being an expensive route to take.

The other side, manages your entire SaaS billing process with a single flat rate transaction cost. No add-on fees. No transition fees. Charges are not due until a transaction occurs.

Paddle: Payment Infrastructure Platform

Paddle acts as an MRO for SaaS businesses that focus on B2C transactions with the ability to deliver single-product transactions. Paddle provides features that include:

• Secure payment.
• Recurring billing management.
• A solid payment toolkit.
• Fraud protection.
• Subscription and transaction reporting. (With their recent acquisition of ProfitWell, they look to offer SaaS reports integrations in the near in the near future.)
• Invoicing. (This option is currently being tested, and might not be the ideal solution for businesses that deal with B2B.)
• and more.

Verifone 2.checkout: Previously 2checkout

Verifone will act as your MoR, or simply process payments. This gives them the flexibility to help small and medium firms in various industries (e.g., retail and hospitality) providing both in-person as well as online services or goods.

Verifone features include:

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

Billing Software for Selling Physical Goods and Services

Although SaaS companies can use nearly any type of billing system to sell their product (although some are more efficient than others) however, not all solutions can be used by companies selling physical goods or services. Businesses selling physical products and services will require solutions that can manage both online and offline sales.

If you are selling physical products or services, many companies will use multiple software to build a complete billing solution. There are, however, ways to reduce the number of programs you require and the your expenses will be. The most effective place to begin is to take a close look at your present needs (e.g. Are you selling online and in person?) and plan for your future needs (e.g. do you like to sell online in the future? ).

You can then evaluate each billing solution by asking a few key questions:

• How many aspects of billing do the programs cover? Are the features offered by each one of them sufficient to meet your needs today (e.g. Perhaps they have a subscription billing solution but they don't provide the billing model you require)? Are the options allowing space for your business to expand?
• Do you receive all the options for one price, or will you have be charged extra for options you need? Can the cost be sustained long-term, as your company increases?
• What is the process to connect the program with other programs?
• Is the software user-friendly?

We will then look at five Stripe rivals for businesses selling physical products and services. This will assist you in your research.

Square: Popular Payment Platform for Startups

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

• Virtual terminals (so you can accept credit card transactions on your PC).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant accounts, savings accounts and loan).
• Staff management (including the management of time off, payroll management, time off. ).
• Plus.

PayPal for Business: Available on Major eCommerce Platforms

PayPal is an e-wallet that has gained a lot of recognition to pay online for private transactions However, they also provide the option of accepting payments for companies that are of any size. PayPal allows debit card and credit card processing in-store as well as from the website of your business.

(SaaS businesses that use it can take payments via PayPal.)

PayPal for Business also includes:

• Financing for businesses.
• Tools for donation.
• Integrations built-in to major e-commerce shopping carts (e.g., Shopify).
• Refund and chargeback consulting.
• A mobile app.
• Mass payments.
• And more.

Note: PayPal also has a payment processor specifically for SaaS known as Braintree.

Authorize.net: For Merchants and Small Businesses

Authorize.net (a Visa solution) is a service for payment company that accepts phones, mobile payments as well as ACH. They also provide a card reader that can be used for payments in person and also support online transactions.

Other options offered by Authorize.net are:

• Live, 24/7 customer service.
• The features for customer management will improve ease of use.
• Digital invoice.
• Recurring payment tool.
• Advanced Fraud Detection Suite (AFDS).
• And more.

Adyen: Robust Financial Technology Platform

Adyen is a finance technology platform that is focused on the scalable growth. Apart from payment processing, Adyen offers features such as:

• Physical and virtual card creation.
• The tools to optimize traffic are available in real-time.
• Advanced fraud algorithms.
• Cross-channel sales support.
• Bank accounts for business clients.
• And more.

Amazon Pay: Payment Services and Fulfillment of Orders

Amazon Pay let your customers make use of the payment information already stored within their Amazon account on your website. Amazon Pay can be used as a stand-alone payment solution without becoming an Amazon merchant. However, you are able to utilize Amazon Pay for your personal website , you can also be your own Amazon merchant (which offers the possibility for fulfillment by Amazon).

Amazon Pay includes:

• Optimized checkouts modeled after Amazon's own checkout.
• Co-marketing campaigns.
• Self-service reporting dashboard.
• Tools for easy integration.
• Plus.

Notice:With , your customers can pay using Amazon Pay and many other payment methods.