Terms
At our company, we utilize Stripe to securely process the payments that you make to the business of your members. Stripe is an payment processor which allows companies of all sizes to accept payments via the web (and in person). It's among the top payment processors in the world However, there are competing companies that offer similar services.
The best choice for your company's payment processor will depend on a number of factors, such as the type of business you operate in, the locations which you do business within, the payment method you will need to use along with the services and prices provided by the various platforms.
Let's take a glance at some Stripe competitors to find out which is most relevant for both your business and yourself!
Which one of the payment processors is right for you?
We'll dive deep into every competitor's individual profile below however, let's first examine Stripe competitors in a quick glance with respect to the size and type of company:
SMEs
If you are a small or medium business, you may want to consider using a payment processor such as Stripe, Square, or Authorize.net. These payment processors offer many options that can be suited to small businesses, such as low prices, simple setup, and user-friendly interfaces.
Enterprise
If you are a large enterprise, you might want to think about using an online payment service like Adyen, Worldpay, or Braintree. These processors provide more features as well as support for a variety of ways to pay than processors that cater to small-sized enterprises.
Global business
If you are required to accept payment from customers outside of the United States, you may want to look into utilizing a payment processor like 2Checkout, Mollie, or Payoneer. These payment processors specialize in a variety of features for managing international payments including the conversion of currencies and fraud prevention.
Rivalries to Stripe
Below are a few well-known Stripe rivals, but keep in mind that there may be something more pertinent to you and your business. For you to make sure that you are using the most effective payment solution for your company, it's helpful to ask friends and colleagues for feedback or read customer reviews of other companies.
PayPal
PayPal is an online payment processor that offers a wide range of features, including the ability to accept payment from large debit and credit card companies in addition to PayPal accounts.
PayPal provides a variety of business-friendly features like invoicing, as well as regular billing.
Adyen
Adyen is a world-wide payment processor that offers a wide range of options for payment, such as debit and credit cards, e-wallets, as well as bank transfer.
Adyen is particularly well-suited for large businesses and enterprises, as it offers a variety of features for managing global payment transactions.
Square
Square is a credit card processor designed for small-sized businesses by Block, Inc (which was founded by Twitter its founder Jack Dorsey).
The company offers of options, such as a point-of-sale system, online payments, as well as the management of inventory. Square is also known for its affordable cost.
Authorize.net
Authorize.net is another popular payment processor that is ideal for small-sized businesses. It provides a range of features, including online payments as well as recurring billing and fraud protection.
Authorize.net has a wide range of pricing plans to meet the needs of different businesses.
Braintree
Braintree is a payment processor that is owned by PayPal. It provides a range of options, such as the ability to process payments online, mobile payments, and fraud prevention.
Braintree is especially suitable for companies that require payment from a variety of channels including mobile, online, and in-person.
GoCardless
GoCardless is a British payment processor that specializes in direct debit transactions as well as open banking.
It is a good option for businesses that need to collect recurring payments from customers, like for membership-based businesses.
Mollie
Mollie is an Amsterdam-based payment processor which is ideal for companies that must accept payments by European customers. Mollie provides a broad range of payment options, such as credit and debit cards, e-wallets, as well as bank transfer.
Mollie also offers a variety of options for handling European transactions, like SEPA direct debit as well as the iDEAL.
Worldpay
Worldpay is a global payment processor, offering an array of payment methods, including debit and credit cards, electronic wallets, and bank transfer.
Worldpay is particularly well-suited for huge enterprises and businesses, as it offers a variety of features for managing global payment transactions.
Payoneer
Payoneer is a processing company which specializes in international transactions. This is an excellent alternative for companies that have to pay contractors and freelancers all over the world.
Payoneer provides a range of additional features like mass payments and currency conversion.
Final conclusion: Stripe's competitors
The Stripe payment processor is widely used as a payment processor, but it's important to evaluate different payment processors that are accessible to you prior to deciding which to use. Consider the features and pricing offered by each Stripe rival offers, as well as the payment methods that you need to accept. You should also read reviews of different payment processors and get opinions from other companies.
The main rivals to Stripe are Adyen, Worldpay, Braintree, and 2Checkout. The payment processors provide a number of benefits, including more payment options as well as lower costs and more features. But, they do possess some negatives like a smaller international reach, a more difficult configuration, and not as much help.
The best choice for your company's payment processing is based on a variety of variables, including your type of business operate in, the locations which you are operating in, and the payment options you have to accept. This is a great guide! guide useful!