Stripe may not be a household name, but it’s a global leader in online payments and has shaped the fintech world in more ways than one. Stripe’s technology stack is simply unmatched and is considered a benchmark in merchant on-boarding, seamless payments, and fraud detection. Having said that, many merchants find Stripe’s pricing expensive given its higher processing fee. Further, Stripe is still not available in many countries so e-commerce platforms are looking for a reliable Stripe alternative. So, if you are in search for an alternative payment system, be it for higher pricing or unavailability of Stripe, we have you covered. In this article, we have put together a list of 10 best Stripe alternatives which are easy to integrate, cheap, and come with enhanced security protection. Now having said that, let’s go through the article and find a well-suited payment service provider for you.
Best Stripe Alternatives
Here, we have put together 10 best Stripe alternatives after considering many key factors like reliability, pricing, global reach, how developer-friendly the service is, and more. Besides that, we have also mentioned a few payment processors for specific regions so that you can choose a proper alternative to Stripe in your country. With that said, let’s begin the article without any delay.
PayPal is one of the oldest fintech companies in the world so it has a lot of experience in handling online payments and preventing fraud. For this very reason, PayPal is among the best Stripe alternatives you can go for. In terms of pricing, Stripe and PayPal share a similar processing fee of 2.9% and $0.3 flat-rate for every purchase. But the difference between these two services is global reach. PayPal is available in just about every country in the world which is much larger than Stripe. So, if you have an online business with customers all around the world then PayPal is certainly the best payment processor, bar none. Apart from that, PayPal is also very developer-friendly, similar to Stripe. You can easily integrate PayPal checkout with your online business from hundreds of templates. Simply put, PayPal is an outright alternative to Stripe if you want reliability and global reach.
Features: Huge global reach, Instant payment, Advanced fraud detection, POS integration, Checkout templates, No monthly charge, ACH transfer, Recurring billing, Scalable based on business size, Access to developer tools
Pricing: 2.9% + $0.30; 2.7% for swiping card on POS machine
Braintree is our next pick for Stripe alternatives which is also a division of PayPal. In terms of offerings, Braintree is an obvious alternative to Stripe. To begin with, the pricing is very similar, as it’s with other payment processors. You incur a processing fee of 2.9% + $0.30 for each transaction. Apart from that, you get access to payment templates and can personalize the checkout form as per your preference. There are also options for recurring billing and ACH transfer. Since Braintree is supported by PayPal, its global reach is much larger than Stripe. Having said that, the best part about Braintree is that, unlike Stripe, it does not charge you separately for billing, invoice, and other advanced APIs. All in all, Braintree is one of the best Stripe alternatives and you should definitely check it out.
Features: Easy integration, Better global reach than Stripe, Fraud detection, Payment templates, Recurring billing, ACH transfer, Invoicing and billing, Access advanced APIs without additional cost
Pricing: 2.9% + $0.30
Square and Stripe started at the same time in 2009 and since then, they have been direct competitors. Both offer excellent payment services with industry-leading technology and wide support for different forms of payments. The best part about Square is its in-person POS payment which is leaps and bounds ahead of Stripe. Coming to the pricing, both the services have the same processing fee of 2.9% + $0.3 for each purchase made through its payment gateway. However, keep in mind Square doesn’t support in-app payments and can only process mobile wallet and credit card transactions. Further, in comparison to Stripe, Square does not have that big of a global reach besides the US, UK and Australia. Nevertheless, Square is particularly for those businesses who want to set up payments instantly and without any friction. You get the best of the world from in-person sales to online payments.
Features: Best for both in-person POS sales and online payments, Seamless integration, Fraud detection, Recurring billing, ACH transfer, Checkout forms
Pricing: 2.9% + $0.3
Adyen is our next pick for Stripe alternative which seems a small company but has a huge base of merchants. In tandem, Adyen is one of the best payment processors for small and medium-sized businesses. The reason is its extremely low processing fee in comparison to Stripe. For instance, it charges 0.6% + $0.12 for Visa and Mastercard cards and flat rate of $0.25 + $0.12 for ACH transfers. It only has a higher processing fee for Amex cards which is capped at 3.95% + $0.12. And that is not all, Adyen provides merchant accounts which means you will have better control over your online account. However, keep in mind Adyen charges $120 monthly in case your business does not have a minimum of 1000 transactions. Having said that, Adyen has a great global reach which also includes Africa, Europe, and other Asian regions. To sum up, if you run a small business and want to cater to the stated regions, Adyen can be a great alternative to Stripe.
Features: Low price and best for small businesses, Offers merchant account, Great global reach, Best for Africa and Asia, Fraud prevention technology, Easy to integrate, Checkout templates, Recurring billing, ACH transfer, Developer tools
Pricing: 0.6% + $0.12 for Visa and Mastercard; 3.95% + $0.12 for Amex
Dwolla is our next payment processor which is among the cheapest Stripe alternatives in the US. It offers merchant account and has support for ACH transactions. Among other things, Dwolla is one of the most developer-friendly service providers with excellent documentation and requirement-based customization. In terms of pricing markup, the cost is pretty low as compared to Stripe and that’s awesome. You have to pay a processing fee of 0.5% + $0.5 for every purchase made through its gateway. And that is not all, there is no monthly fee or any other hidden charges. You also get access to many developer tools and features without any additional fee. However, keep in mind, Dwolla is available only in the US. So if you want a payment processor at a low cost in the US, Dwolla can be a great a Stripe alternative.
Features: Cheapest Stripe alternative, Provides merchant account, Fraud prevention, Seamless integration, Custom payment setup, No monthly fee, ACH transfer, Advanced API and SDK access
Pricing: 0.5% + $0.5
6. Amazon Payments
Amazon Payments is another service like Stripe which has a huge global reach and offers many localized features. To begin with, you can seamlessly integrate Amazon Payments on your website using its developer-friendly SDK and APIs. It also lets you customize the payment setup in local currency which is quite helpful for a global business to thrive. Talking about the processing fee, Amazon Payments charges the industry-standard 2.9% + $0.3 for each purchase. Apart from that, you get fraud detection using AI, billing, invoice management, and lots of other features without any separate charge. Having said all of that, the prime distinction between Amazon Payments and Stripe is global reach. So, if PayPal is not cutting for you, Amazon Payments is another great Stripe alternative.
Features: Huge global reach, Fraud detection using AI and ML, POS integration, No monthly charge, ACH transfer, Recurring billing, Subscription management, Scalable based on business size, Billing and invoicing, Access to developer tools
Pricing: 2.9% + $0.3
Authorize.net is among the oldest payment gateways on the internet and have been providing its service for more than 20 years. It’s important to note that Authorize.net is just a payment gateway which does not deal with merchant accounts whereas Stripe is an all-in-one payment processor which handles everything from cart to checkout. Basically, if you already have a payment infrastructure in place then you can use Authorize.net to authorize credit cards and wallet transactions. It will just cost you $0.10 per transaction and a monthly fee of $25. Apart from that, the transactions are also protected with advanced fraud detection and risk mitigation tools. The only downside is that it’s not available in most countries except the USA, Australia, and Canada. In terms of global reach, Stripe wins hands down. Nevertheless, if you want a payment solution for your online business, Authorize.net will be a great Stripe alternative on a budget.
Features: Best and cheapest payment gateway, Advanced fraud detection, Recurring payments, Invoicing, Simple checkout, Accepts most credit cards
Pricing: $0.10 per transaction; $25 flat monthly fee
Worldpay is one of the best Stripe alternatives for the UK as it’s the country’s oldest fintech company with huge experience in payment handling. It supports many forms of payments including credit and debit cards, mobile wallets, and bank transfers. It also has a POS system in place which can bring more in-person sales to your business. Apart from that, the pricing is very similar to Stripe with a processing fee of 2.75% + €.20. There is also a second payment plan where you can pay a flat fee of €19.95 per month with 2.75% (credit cards) & 0.75% (debit cards) charges. If your business does a ton of payment processing, the second plant is definitely cheaper. Besides that, you get access to lots of marketplace tools and you can customize checkout forms as per your requirement. All in all, Worldpay is a great payment service provider and you should definitely try it if you run an online business in the UK.
Features: Best payment processor for the UK, Huge global reach, Fraud prevention, POS support, Recurring billing, Subscription management, Customize checkout templates, Access to developer tools
Pricing: 2.75% + €.20 or €19.95 flat monthly charge with 2.75% (credit cards) & 0.75% (debit cards) charges
Cardinity is your best Stripe alternative if you operate your business in Europe. Just like Stripe, it’s an all-in-one payment solution and offers a merchant account which is great. Cardinity accepts both credit and debit cards from all over the world. It can also process payment from many different card providers such as Mastercard, Visa, Maestro, Carte Bleue, and more. In terms of pricing, it’s much less than Stripe and there is no monthly or annual maintenance charge. For every transaction made through its network, Cardinity charges 1.3% + €0.25 as processing fee. Apart from that, it supports recurring payments for subscription services, enhanced security for fraud detection, invoicing and more. Cardinity is also a developer-friendly service so you can smoothly integrate its service on your portal. To conclude, if you are looking for a Stripe alternative in Europe at low cost, Cardinity should be your pick.
Features: Best payment processor for Europe, Offers merchant account, Significant global reach, Recurring payments, Subscription management, No monthly charge, Fraud detection, Developer-friendly
Pricing: 1.3% + €0.25
Among the online payment service providers in India, Razorpay is best suited to take on the mettle of Stripe. To put it straight, if you run a small to medium-sized business in India, Razorpay is the best way to collect money online. In addition, Razorpay is now available in the US, UK, UAE, France and Australia so if you are building a global e-commerce platform from India, Razorpay should be your default option for processing payments globally. Talking about the processing fee, it charges a flat 2% for every transaction done with India-based cards, wallets, or UPI. However, for every transaction made with Amex or any other international cards, the processing fee is flat 3%. And there are no setup or annual maintenance fees so that is great. In comparison to Stripe, the pricing is much lower with no additional charges. All in all, you should definitely go for Razorpay if you are looking for a Stripe alternative in India.
Features: Best payment service provider for India, Flat-rate processing fee, No monthly fee, Advanced fraud detection, Supports all major cards, Access to advanced developer tools
Pricing: 2% per transaction for India-based cards, UPI or wallet, 3% for Amex and international cards
Choose the Best Stripe Alternative for Your Online Business
So that was our list of 10 best Stripe alternatives which are very comparable to Stripe in features, global reach and most importantly have cheaper pricing. Besides that, we have mentioned various payment processors based on countries, business size, and other key factors. So, depending on your requirement, go on and pick the best payment service provider for your online business. Anyway, that is all from us. If you found the article informative, do comment down below and let us know.