Top 10 Alternatives to Stripe: Analysis of Best Payment Gateway Providers

MPower: No. 1 Payment Gateway

What is the top alternative to Stripe?

The top alternative to Stripe is mPower. Offering a wide variety of payment methods, this platform allows you to facilitate hosted and mobile transactions in a fast yet secure manner. It also provides you with complete control over your processes while ensuring your uptime. What’s more is this payment gateway doubles as an advanced cashier system to track your cash flow better.

Stripe is perhaps one of the most popular names in the payment processing industry. With the platform’s excellent UI, robust API options, and comprehensive transaction management tools, it has become a go-to solution for many companies worldwide. However, it does not come without shortcomings.

While the platform can be flexible and intuitive, it is possible that you have unique needs that Stripe might not be able to provide. For instance, it can be quite complicated to navigate for tech-averse users because of its developer-first architecture. It also offers transaction fees that can be a bit more pricey for smaller businesses.

The good news is there’s lots of other options in the world of payment gateways. All you need to do is know where to look. To help you out, we have compiled the top 10 alternatives to Stripe, focusing on their key features, flexibility, and covered payment methods. This way, it is easier for you to gauge whether or not the platform can meet your requirements.

The boom of eCommerce in recent years can be attributed to a lot of factors—the ease of creating online shopping platforms and stores, the onset of cloud technology, the integration of systems and apps that combines processes, the proliferation of fulfillment services that enable speedy delivery, and many more. A study by 451 Research sees online commerce to reach $5.8 trillion by 2022—that would be more than 6 times the figure for in-store sales—much of it headed by mobile purchases.

One of the important drivers in the growth of eCommerce is the convenience and reliability of paying online through credit cards or non-cash transactions. According to a report, global non-cash transactions are bound to increase exponentially, headed by India and China, where non-cash payments will account for 45% and 65% respectively by 2020.

That is significantly higher for the global rate which is pegged at 12.7 by 2021. E-payments or digital payments have been facilitated by payment gateways allowing eCommerce vendors and customers to easily transact and do business with each other.

Financial transactions have never been easier through payment gateways. These are platforms that facilitate transactions between an e-commerce vendor’s website and the bank that processes a buyer’s credit card, debit card, or eCheck payment. The primary function of a payment gateway is to validate customer’s credit card details, ensure funds are available, authorize payment for online (or offline) business, and get online sellers or merchants paid. In short, these simplify payments for online transactions.

In this article, we’ll tackle the top 10 alternatives to Stripe, a highly popular payment gateway provider for internet businesses. There are many providers of this kind of service and we’ll use Stripe as a reference point since it is one of the more robust and full-featured platforms currently available.

Although we can easily recommend Stripe for your eCommerce business, doing so may limit your choices, and since every business is unique, it is wise to explore viable options that may be more suitable for your business requirements. Hence, the succeeding top 10 alternatives to Stripe will open you up to other payment gateways that can meet your eCommerce needs. In case you are unable to find what you are looking for, don’t worry. There are still tons of options to choose from on the market like these 20 popular payment gateway providers.

What is Stripe?

Before we present the top 10 alternatives to Stripe, we’ll take a quick overview of what it is. Stripe is an online payment program and credit card processor designed for small businesses and online merchants. It boasts of a vast selection of features, transparent pricing schemes, and tons of customization options, making it a convenient platform for accepting credit card payments via online channels. It is capable of handling all the background processes involved in online payment such as security, enabling users to fully focus on managing their business.

One of the most popular legitimate payment gateways in the US and other countries, Stripe is used widely by internet businesses because of its developer-friendly and configurable infrastructure. Its well-designed API and rich documentation allow it to support different business models such as eCommerce, subscription services, on-demand retail services, and crowdfunding. In addition, the payment gateway solution supports full integration with webhooks, has comprehensive eCommerce tools, and is scalable, allowing your payment processing to match the pace and growth of your business.

Other notable tools that this platform has to offer are:

  • Credit card support
  • Invoice processing
  • Mobile payment support
  • Invoice closing and opening
  • Multi-currency support
  • Instant Payment Acceptance
  • Payment option management
  • Transaction fee collection
  • PCI compliance management
  • Native mobile application

Benefits of Stripe

  1. It’s intuitive yet user-friendly interface makes it easy to navigate for both professional and novice users.
  2. It is built for easy setup so you don’t have to worry about lengthy installation processes.
  3. It offers a streamlined, no-frills dashboard so you see the info you want at a glance.
  4. Checkouts are made fast and simple so you can improve conversion and reduce cart abandonment.
  5. It can support a wide variety of payment methods so you can accommodate the preferences of your clients better.
  6. The vendor offers a straightforward transaction-based pricing scheme so you get to keep more of your profits.

Top 10 Alternatives to Stripe

1. mPower

mPower is ideal for businesses that wish to centralize their payment channels to maintain full control over their cash flow. This modern payment processing and routing solution unifies multiple payment channels under one roof, including transactions done via credit cards, mobile payments, hosted payments, and others. Essentially. The software enables users to take charge of their own payment platform where they have the flexibility to accept payments from various channels and configure custom payment routes for each transaction.

With mPower, you have full access to all transaction records, and for better data management, the software comes equipped with access permission settings to limit accessible information and performable actions for both employees and merchants. It also has a transaction forensics functionality in place to supply you with clear, actionable insights that can help you reinforce smoother payment processes.

Should you think that this platform is not the right fit for your business, you can go ahead and take a look at these mPower alternatives instead.

Why use mPower instead of Stripe?

  1. mPower offers advanced payment routing and cashier management.
  2. The platform comes equipped with integration testing.
  3. It offers advanced fraud and risk detection tools as well as transaction forensics.

Why use Stripe instead of mPower?

  1. Stripe offers comprehensive financial reporting features to help you monitor your cash flow accurately.
  2. It has open-source plugins and a custom UI toolkit for more flexibility.
  3. The vendor offers a more extensive customer support system covering email, phone live chat, tickets, and even training.

2. PayPal Payments Pro

PayPal Payments Pro is a payment processing solution built on the established PayPal technology that enables online sellers and businesses to accept credit card payments online as well as process mobile and retail credit card. Great for global companies, it allows you to transact with clients all over the world as it accepts 25 currencies from 200 countries and territories. It can even be integrated with major shopping carts, CRM solutions, eCommerce software, and accounting tools to streamline your operations.

Another reason why PayPal Payments Pro made it on our list is because of the control that it offers its users. With it, business owners can create and host their own checkout pages as well as control what kinds of payment methods you can accept. It also has a configurable interface to help you meet your operational demands.

If you want to explore more options, you can check out other PayPal alternatives here.

Why use PayPal Payments instead of Stripe?

  1. PayPal Payments will not require your customers to have a PayPal account in order to make a purchase, making the checkout process more convenient.
  2. The platform can be conveniently accessed through desktop or mobile devices so you can enjoy fast yet secure transactions wherever you may be.
  3. It gives you almost instant access to your money as soon as the payment is processed.

Why use Stripe instead of PayPal Payments?

  1. Stripe comes with a flexible “wallet” feature that lets customers store their card and billing information for a more convenient checkout process.
  2. The platform is designed to organize your customer information for easier subscription renewals as well as to speed up future transactions.
  3. It has an API feature that lets you build powerful connections with leading marketplaces and third-party solutions.

3. Amazon Payments

Amazon Payments is a payment gateway geared for both Amazon merchants and shoppers. This easy, reliable and fast payment solution currently caters to millions of people who buy and sell through online retailing giant Amazon. With it, you can attract new customers, streamline the checkout process, and even improve customer loyalty through their recurring payment options.

Merchants using the application will see improvements in conversion rates as the checkout process has been designed for speed and convenience. The streamlined checkout experience results in enhanced loyalty from shoppers and less cart abandonment. Meanwhile, shoppers are provided a simplified process of payment whether online or on mobile. The feature makes it a breeze for customers to browse through shopping sites, select items, and pay easily.

If you want to check out other payment gateway providers, you can browse through these Amazon Payments alternatives.

Why use Amazon Payments instead of Stripe?

  1. Amazon Payments is built for eCommerce so it has a retail-first, consumer-centric approach to payment processing.
  2. It ensures secure transactions through strict protocols for fraud detection and merchant protection.
  3. It provides you with tools that improve the checkout experience and improve conversion rates.

Why use Stripe instead of Amazon Payments?

  1. Stripe is made to unify all of your transactions by supporting different payment methods and over 135 currencies.
  2. The platform has prebuilt payment flows for convenience but also offers customizable ones for flexibility.
  3. It provides client-side tokenization so that all sensitive data won’t be kept in your servers.

4. Braintree

Braintree is an online payment gateway that is being used by merchants in more than 40 countries worldwide, allowing them to accept, split, and enable payments in more than 130 currencies. It offers global eCommerce tools to let companies build their own experiences and then scale their businesses around the world. It has been part of the PayPal network since 2013, helping merchants change the way people do their payments online through expansive support, innovative concepts, and simple processes.

This software solution has been recognized as a leading global eCommerce platform since there are no foreign exchange or cross-border fees involved. It utilizes a Drop-in UI, ready-made for accepting payment via cards or PayPal in the app or website. Lastly, users can easily bring data into or out of the system anytime while keeping sensitive data stored on a secure system the platform provides so the business can stay PCI-compliant.

Should you feel like this isn’t the right fit for your company, you can take a look at theseBraintree alternatives as well.

Why use Braintree instead of Stripe?

  1. Braintree can process over 130 currencies throughout 40 countries so international companies can easily accept payments sans cross-border fees.
  2. The platform offers a straightforward interface that does not compromise customizability, making it great for novice users.
  3. It is equipped with a“vault” that stores all of your sensitive data to help you remain PCI-compliant.

Why use Stripe instead of Braintree?

  1. Stripe offers a flexible and affordable pay-as-you-go pricing scheme so that you only pay when you use it.
  2. The platform is built for quick launching so you get pre-made UI components that simplify the creation of payment infrastructures.
  3. It allows you to pool your earnings into payouts and schedule transfers for easier routing of payments.

5. Authorize.Net

Authorize.Net is a payment gateway provider trusted by more than 370,000 merchants for facilitating fast and secure sales transactions. With it, merchants can manage a variety of payment methods, configure account settings, view account statements, generate reports, and transfer money to their bank, among other tasks. Moreover, it doubles as a virtual POS solution and supports a wide variety of third-party solutions for a more streamlined user experience.

Mobile transactions are also facilitated via its free mobile app. Lastly, the platform’s Customer Information Manager (CIM) enables users to tokenize and store their customers’ sensitive payment information on secure servers, simplifying the PCI DSS compliance as well as the payments process for recurring transactions and returning customers.

In case this doesn’t fit the bill for you, we’ve also examined some great Authorize.Net alternatives that you might want to check out.

Why use Authorize.Net instead of Stripe?

  1. Authorize.Net offers a robust online payment system that lets you deposit funds automatically to your merchant bank account.
  2. It comes with virtual POS capabilities to streamline your sales operations further.
  3. The platform has a fully integrated electronic check processing tool.

Why use Stripe instead of Authorize.Net?

  1. Stripe is designed to support any business model, including on-demand, eCommerce, or crowdfunding.
  2. While it offers advanced API capabilities, it also gives tech-averse users the option to integrate without extensive coding.
  3. It regularly updates its features to accommodate the latest technologies, allowing you to get the best possible functionalities.

6. WePay

WePay is an integrated payment solution designed to streamline and fast track transactions without compromising security. What makes it unique from its competitors is that it can adapt to your unique process through its customization options for sign-up, checkout, and email communications. It even gives you the option to white-label the buyer and seller experience. Likewise, the platform does away with 3rd party redirects and lengthy merchant onboarding flows hinder user adoption and payer checkout.

In addition, WePay allows users to immediately get payments through merchant accounts that eliminate setting up a gateway or undergoing a lengthy underwriting process. Every transaction is backed by WePay’s innovative risk management technology to stop fraud and identity theft. The system also handles compliance with government regulations, bank, and card network requirements.

If you do not think that this platform will suit your operations, you may want to scan through these WePay alternatives instead.

Why use WePay instead of Stripe?

  1. WePay lets users customize the entire payment process from signups to checkouts so they have complete control over the buyer and seller experience.
  2. The software can perform transaction-level reporting so you can a granular view of your cash flow.
  3. It offers advanced risk management tools as well as compliance management options.

Why use Stripe instead of WePay?

  1. Stripe comes with webhooks so you get notifications about everything that happens to your accounts such as shipments, customer emails, and payments.
  2. The solution tracks all your transactional data such a shipping status, account IDs, and the like so it is easier to perform audits later on.
  3. It comes with toolkits that let you experiment with discounts and maximize renewals so reaching new clientele is easier.

7. BlueSnap

BlueSnap is an integrated global payment management and affiliate marketing service designed to help businesses fully manage all their payment processes. With it, companies can process and accept payments from local and international clients as well as generate insights into their sales performance. What’s more is it has a vast global network of acquiring banks so it can ensure that you are getting the highest payment conversion rates to generate bigger revenues.

Another nifty thing about this platform is that it is a unified platform that integrates a payment processor, payment gateway, and merchant account to help businesses take online credit card payments, provide mobile wallets to their customers, and reconcile and pull comprehensive reports in. It even integrates with other payment gateways, so you can further expand the types of transactions you can support and make things more convenient for your clients.

Should you want more payment gateway choices, feel free to take a look at these BlueSnap alternatives.

Why use BlueSnap of Stripe?

  1. BlueSnap is a 3-in-1 platform that acts as a payment processor, payment gateway, and merchant account.
  2. It comes with a built-in virtual terminal so users can easily track transactions, accept payments, and send notifications to customers.
  3. The software supports cross-border commerce so you can easily integrate with different banking systems for local payment processing.

Why use Stripe instead of BlueSnap?

  1. Stripe has a convenient wallet feature that digitally stores credit and debit card information for faster checkout processing.
  2. The platform lets you target new users with discounts and trials.
  3. it supports multi-party payments which makes it easy to split transactions evenly.

8. SecurionPay

SecurionPay is a payment system designed to maximize revenue and accelerate transactions in any payment scenario. Created to cater to almost all business models, this platform has a configurable architecture and scalable API tools that can be used by both developers and non-developers. This way, it is easier to integrate payment methods or third-party systems that can streamline your operations.

Another great thing about SecurionPay is that aside from supporting popular credit card brands, transactions can be done in a few button clicks thanks to its simple payment flow. For starters, it can auto-remember account details and allow you to create custom forms. It even comes with an advanced checkout feature that is proven effective in reducing cart abandonment rate, as users are given the capability to solely include the essential elements so they can speed up the process.

Considering each and every business has unique requirements, it’s best to check our SecurionPay alternatives for similar quality options.

Why use SecurionPay instead of Stripe?

  1. SecurionPay offers a flexible API that can allow you to scale it up or down depending on your business model.
  2. It has pre-made transaction forms that can be customized so it is easier to gather essential payment information.
  3. The platform is equipped with easy testing options so you can gauge the efficiency of your payment processes.

Why use Stripe instead of SecurionPay?

  1. Stripe gives its users access to real-time on their most used payment methods, currencies, and similar information so it easier to improve future transactions.
  2. It is completely cloud-hosted so you can monitor transactions via your desktop or mobile devices.
  3. It has the ability to keep all of your transaction data in sync, making it easy for all your team members to manage information.

9. Skrill

Skrill is an easy-to-use payment hub that lets you take full control over all your online transactions. Designed for modern businesses, it allows you to process over 30 currencies as well as a wide range of payment methods including credit card payments, cash payments, and email transactions. With this, businesses can make paying for their goods and services as fast and as convenient as possible.

What’s more is Skrill goes beyond processing your online payments. It also protects your confidential data and boosts accountability within the organization with its security and transparency features. It also comes equipped with anti-fraud screening features so that business owners can monitor all the transactions that go through the account.

Should you want to check out what other options the market has for you, a good lead would be these Skrill alternatives.

Why use Skrill instead of Stripe?

  1. Skrill goes beyond credit card and cash payments with its email transaction support.
  2. It allows users to withdraw money straight to their ATMs.
  3. The vendor has varying processing fees depending on your preferred payment methods which may allow you to save money for certain transactions.

Why use Stripe instead of Skrill?

  1. Stripe offers financial reporting and accounting capabilities to help you manage your cash flow better.
  2. It is equipped with a custom UI toolkit and an open-source plugin for better flexibility.
  3. The vendor charges a flat processing fee, which makes it easier to compute.

10. PayU

PayU is an online payment service provider trusted by businesses of all sizes in India. Focusing on matching merchant needs with consumer shopping behavior, it offers innovative options that will help companies receive the money they’re owed as quickly as possible. It even comes with Tokenization options and a robust fraud management system to ensure that your customers’ information remains safe throughout the transaction.

What’s more is PayU designed to simplify e-payments across countries. Supporting over 250 payment methods, its operational presence in 16 high growth markets in Asia, Central and Eastern Europe, Latin America, the Middle East, and Africa allows the payment gateway solution to be tailored to the local markets to benefit area-specific clients. PayU likewise provides a direct connection to local banks, enabling higher client approval rates than other payment gateway providers.

If you think that this platform might not be the right fit for you, be sure to check out these PayU alternatives.

Why use PayU instead of Stripe?

  1. PayU is a single integration payment platform so international merchants can easily receive local payments.
  2. It supports a wide variety of currency options which is great for global companies
  3. It offers API functionalities that will allow you to expand the platform even without coding skills

Why use Stripe instead of PayU?

  1. Stripe comes with an extensive set of native integrations such as WordPress, Drupal, and Magento.
  2. It supports more payment methods such as ACH debit, Bitcoin, Alipay, and WeChat Pay.
  3. It is built for developers so you can expect more configurability.

How Do You Know Which Payment Gateway Suits Your Business?

As you can see from our list of top 10 alternatives to Stripe, there is a plethora of payment gateway providers that you can rely on for your business transactions. However, it is important to keep in mind that there’s more to effective payment gateway implementation than simply choosing the most popular solution on the market.

In order to simplify the process for you, we have compiled some of the factors that you should consider as you browse:

  1. Setup Process. Try to understand how simple or complicated the setup process is. Is it plug-and-play or will it involve a lengthy installation process? Moreover, will it require your customers to create a merchant account before being able to pay you?
  2. Payment Methods Supported. Payment gateways should at least support cash, credit card, and debit card payments. Other methods that you might want to look for are email transactions, wire transfers, and automated bank transfers. Better yet, find a solution that can also integrate with other payment gateways so you can facilitate more types of transactions.
  3. Security Measures. Your payment gateway holds a ton of confidential information from both you and your clients. So, it is best that you find one that is equipped with security tools such as fraud detection, transaction monitoring, and risk management. There are also those with PCI-compliance management options.
  4. Integration Capabilities. The point of having a payment gateway is to make transactions more convenient. So, an important question to ask when choosing one is “can it integrate with your existing business systems?.” It should be able to play well with your online marketplace account, website, eCommerce platform, or accounting solutions if you truly want to streamline your operations.
  5. Pricing scheme. Payment gateway providers offer different types of pricing schemes. For small businesses that yield little revenue, you might want to opt for transaction-based solutions so you don’t have to pay for their services even when you don’t use it. On the other hand, bigger businesses with a more steady income will probably benefit more from subscription-based plans.

Hopefully, with our list and the tips we’ve mentioned here, you are able to zero in on which payment gateway provider is best for your business. In case you are still unsure of which Stripe alternative to use, we highly recommend using mPower.

This platform is similar to Stripe in many ways–it gives you control over your transactions, it can support a variety of currencies and payment methods, and it can also integrate with a variety of business systems. However, while it may not be as configurable as Stripe, it makes up for it with its user-friendly navigation. To learn more about this product, be sure to sign up for mPower free trial here to try out what it has to offer first hand.

Category: B2B News

One Comment »

  • Avatar Gavin says:

    What’s best for micro transactions with low tranascation costs and vaulting included?

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