Top Stripe Alternatives and Overview

Stripe is quite a renowned payment service provider. They excel in creating infrastructure and various methods of online payment to help businesses. It was created in 2010 as dev/payments. It is one of those third-party payment processors that rivals the likes of PayPal, Square, etc. It is served in 36 countries with full-stack services in each of them.

Stripe Online Payment Services

Stripe offers Payments, Billing, Connect, Atlas, Radar, Issuing, and Terminal. Each one has a different pricing model and is integrated differently. Therefore, Stripe is being used by many top companies like Amazon, Google, Shopify, Nat Geo, etc.

Stripe’s first plan is pay-as-you-go. It charges up to 3% for export cards and 4.3% for international cards. There are no setup fees or other hidden charges. The Enterprise Edition offers four features like account management, migration assistance, and dedicated support. In the Payment setup, they charge % amount in each transaction, as seen above.

Payments also offer saved cards, currency conversion, fraud tools, webhooks, data portability, and dispute handling. Stripe Billing is used for managing subscription and billing services. Admins can include tools like free trials, bill customers, flat fees, etc. In the starter billing, they charge zero for $1 million in revenue, and after that, it is 0.5% each transaction. In the scaling plan, this rises to 0.8%.

Stripe Connect is used to various marketplaces and platforms like Uber, Lyft, etc. It supports more than 135 currencies, along with automatic conversions. Connect offers some essential services in the standard accounts. In Express account, they charge $2 per active user, 0.25% of payout volume, and $0.25 per payout. They also offer instant payout and tax reporting in the Connect subscription.

Stripe offers product Radar that helps in identifying frauds and safeguarding against them. Radar 2.0 is equipped with advanced AI and machine learning, to scan through billions of transactions, priced at 5 cents per transaction. With advanced tools in Radar Fraud, priced at 7 cents, it can virtually control various transactions. This Radar tool also hosts a 0.4%/transaction charge for chargeback protection.

Overall, Stripe has truly offered some serious products and payment processing tools to ease and safeguard all transactions passed via their services.

Company Name: Stripe, Inc.

Company Address: 3180 18th St., San Francisco, CA, USA

Founded in: 2020