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Top 12 Best Stripe Alternatives You Can Use in 2022

Stripe may not be well-known, but it is a global leader in online payments and has had a significant impact on the fintech industry. Stripe’s technology stack is unrivalled, and it is regarded as a gold standard in merchant onboarding, smooth payments, and fraud detection.
However, it isn’t perfect in every way. There are also companies who provide more freedom and charge significantly less. So, if you’re looking for the top Stripe alternatives that may flawlessly match your needs, we’ve compiled a comprehensive list for you.

Alternatives to Stripe You Can Try in 2022

We’ve compiled a list of the best Stripe alternatives after analysing a variety of characteristics such as stability, cost, worldwide reach, developer friendliness, and more. Aside from that, we’ve listed a few payment processors for various countries so you may find a suitable Stripe alternative in your nation.

Why Do You Need Stripe Alternatives or Competitors?

There are a variety of reasons why you might wish to look at Stripe’s competitors. Perhaps you want a payment system that gives you more flexibility when it comes to accepting payments, or perhaps you want to reduce the processing price (Stripe takes 2.9 percent + 30 every successful transaction).

Stripe’s pricing is considered exorbitant by many retailers due to its increased processing fee.
Furthermore, because Stripe is still unavailable in many regions, e-commerce firms are looking for a reliable Stripe alternative. Look no further than these highly-rated Stripe alternatives if you’re looking for a less expensive alternative or one that’s more adaptable and can meet your specific needs.

1. PayPal

PayPal is one of the world’s oldest fintech organisations, therefore it has a lot of experience with online payments and fraud prevention. As a result, PayPal is one of the top Stripe alternatives you may use. Stripe and PayPal both charge a 2.9 percent processing fee plus a $0.3 flat rate for every purchase. However, the global reach of these two services differs.

PayPal is available in nearly every country on the planet, a significantly broader market than Stripe. So, if you run an internet business with consumers all over the world, PayPal is without a doubt the greatest payment processor available. Aside from that, PayPal, like Stripe, is incredibly developer-friendly.

From hundreds of themes, you can quickly integrate PayPal checkout with your online business. Simply said, if you want reliability and global reach, PayPal is a better alternative than Stripe.

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2. Braintree

Our second choice for Stripe alternatives is Braintree, which is also a PayPal division.
Braintree is a clear alternative to Stripe in terms of features. To begin, the pricing is comparable to that of other payment processors. Each transaction is subject to a 2.9 percent + $0.30 processing fee.

Aside from that, you’ll have access to payment templates and the ability to customise the checkout form to your liking. Recurring billing and ACH transfers are also available. Because Braintree is backed by PayPal, it has a far broader global reach than Stripe.

The nicest part about Braintree, however, is that it does not charge you individually for billing, invoices, and other advanced APIs, unlike Stripe. Overall, Braintree is one of the top Stripe alternatives, and you should give it a try.

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3. Square

Square and Stripe launched at the same time in 2009 and have been direct competitors ever then. Both provide outstanding payment services, with industry-leading technology and a large range of payment options. Square is also very comparable to Stripe in terms of functionality.

Square’s biggest feature is its in-person POS payment, which is light years ahead of Stripe.
In terms of pricing, both providers charge the same 2.9 percent + $0.3 processing fee for each purchase made through their payment gateway. Square, on the other hand, does not enable in-app payments and can only process credit card and mobile wallet transactions.

Furthermore, in compared to Stripe, Square’s global reach is limited to the United States, the United Kingdom, and Australia. Square, on the other hand, is designed for businesses that wish to set up payments quickly and painlessly. From in-person sales to online payments, you get the best of both worlds.

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4. Adyen

Our second recommendation for a Stripe alternative is Adyen, which appears to be a small company but has a large merchant base. Adyen is one of the top payment processors for small and medium-sized enterprises when used in tandem. The reason for this is that it has a far lower processing fee than Stripe.

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For Visa and Mastercard cards, for example, it charges 0.6 percent + $0.12, while for ACH transfers, it charges a flat fee of $0.25 + $0.12. Only Amex cards have a higher processing fee, which is set at 3.95 percent + $0.12. Not only that, but Adyen also offers merchant accounts, allowing you to have more control over your online account.

However, if your company does not have a minimum of 1000 transactions, Adyen will charge you $120 each month. Adyen, on the other hand, has a large worldwide reach that spans Africa, Europe, and other Asian regions. To summarise, if you run a small business and wish to serve the aforementioned regions, Adyen is a less expensive alternative to Stripe.

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5. Dwolla

Our next payment processor is Dwolla, which is one of the cheapest Stripe alternatives in the United States. It provides a merchant account as well as ACH transaction capabilities. Dwolla is one of the most developer-friendly service providers, with good documentation and requirement-based customisation, among other things.

In terms of pricing markup, it’s a bargain when compared to Stripe, which is fantastic. Every purchase made through its gateway is subject to a 0.5 percent + $0.5 processing fee. Not only that, but there are no monthly fees or any hidden costs.

You also have unrestricted access to a variety of development tools and features. Keep in mind, though, that Dwolla is only available in the United States. So, if you’re looking for a low-cost payment processor in the United States, Dwolla is an excellent Stripe alternative.

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6. Amazon Payments

Amazon Payments is a similar service to Stripe that has a large worldwide footprint and a variety of localised capabilities. To begin, you can use Amazon Payments’ developer-friendly SDK and APIs to incorporate it into your website. It also allows you to personalise the payment system in local currency, which is extremely beneficial to a worldwide company’s success.

When it comes to fees, Amazon Payments charges 1.95 percent plus any relevant taxes.
Aside from that, you receive free AI-powered fraud detection, billing, invoice management, and a slew of other tools. Having stated that, the most significant difference between Amazon Payments and Stripe is their global reach. If Stripe isn’t cutting it for you, Amazon Payments can easily fill the vacuum.

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7. Authorize.net

Authorize.net is one of the internet’s oldest payment gateways, having been in operation for almost 20 years. Authorize.net is a payment gateway that does not deal with merchant accounts, whereas Stripe is an all-in-one payment processor that handles everything from cart to checkout.

Basically, you can use Authorize.net to authorise credit card and wallet transactions if you already have a payment infrastructure in place. It will only cost you $0.10 each transaction and $25 per month. Aside from that, comprehensive fraud detection and risk mitigation techniques secure the transactions.

The main drawback is that it is only available in the United States, Australia, and Canada.
Stripe wins hands down in terms of global reach. Nonetheless, if you need a payment solution for your online business, Authorize.net is a cost-effective Stripe alternative.

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8. Worldpay

Worldpay, the UK’s oldest fintech firm with extensive experience in payment processing, is one of the greatest companies like Stripe for the UK. It accepts credit and debit cards, mobile wallets, and bank transfers, among other payment methods. It also offers a point-of-sale system, which can help you increase in-person purchases.

Aside from that, the pricing is quite identical to Stripe, with a 2.75 percent + €.20 processing fee. You can alternatively pay a flat rate of €19.95 per month with 2.75 percent (credit cards) and 0.75 percent (debit cards) charges on a second payment plan. If your company processes a lot of payments, the second plant will save you money.

Aside from that, you have access to a variety of marketplace tools and can design checkout forms to meet your needs. Overall, Worldpay is an excellent payment service provider that you should consider using if you own an internet business in the United Kingdom.

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9. Cardinity

If you run a business in Europe, Cardinity is the ideal Stripe alternative. It’s an all-in-one payment solution, similar to Stripe, and it comes with a merchant account, which is fantastic.
Cardinity accepts cards from all over the world, both credit and debit. It may also accept payments from a variety of card companies, including Mastercard, Visa, Maestro, Carte Bleue, and others.

It’s far less expensive than Stripe, and there’s no monthly or annual maintenance fee. Cardinity imposes a processing fee of 1.35 percent + €0.25 for every transaction processed through its network. It also allows recurring payments for subscription services, better security for fraud detection, invoicing, and other features.

Cardinity is a developer-friendly solution, which means you can easily incorporate it into your portal. To summarise, if you’re looking for a low-cost Stripe alternative in Europe, Cardinity is the way to go.

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10. Razorpay

Razorpay, among India’s online payment service providers, is best placed to test Stripe’s mettle. To put it plainly, Razorpay is the finest way to collect money online if you own a small to medium-sized business in India. Razorpay is also now available in the United States, the United Kingdom, the United Arab Emirates, France, and Australia, so if you’re establishing a worldwide e-commerce site from India, Razorpay should be your primary payment processor.

When it comes to transaction fees, it charges a flat 2% fee for all transactions made with India-based cards, wallets, or UPI. The processing cost for all transactions done with Amex or any other international card, however, is a flat 3%. There are also no setup or annual maintenance expenses, which is fantastic.

In compared to Stripe, the pricing is significantly lower and there are no additional fees. Overall, if you’re searching for a Stripe alternative in India, Razorpay is a great choice.

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11. Venmo

Don’t get me wrong: I think it’s great! Because Venmo isn’t a direct rival of Stripe, why should you consider using it? It can easily fit into your wants if you’re seeking for a more user-friendly peer-to-peer payment platform.

What makes Venmo so useful is its simple setup, which allows you to start using peer-to peer payment right immediately by simply attaching the app to your debit card. Notably, you may use this software to easily split money and send it to anyone without difficulty.

Venmo appears to be more intuitive and responsive than Stripe. As a result, if you like a lighter and snappier UI, it may easily appeal to you. The Venmo card, which allows you to shop with your Venmo balance, is another feature worth mentioning. It also provides cashback benefits at select merchants, allowing you to save a lot of money.

When you send money using your Venmo balance, bank account, debit card, or prepaid card, Venmo doesn’t charge you anything. On credit cards, however, a 3% fee will be charged.

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12. Coinbase

Coinbase appears to be a no-brainer for anyone looking to purchase, trade, or manage cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and others. So, if you’re looking for a Stripe alternative to help you manage your bitcoin portfolio, you should think about it.

Coinbase is a great place to learn about cryptocurrencies and even try them out on a small basis. The finest thing about Coinbase is probably how well it manages your portfolio.
You may purchase and trade famous digital currencies as well as keep track of them all from one place, depending on your needs.

Coinbase also allows users to schedule purchases on a daily, weekly, or monthly basis, according on your preferences. In terms of user interface, it appears to be up to the job.
What about safety and security? Stripe, which claims to provide the best in class security, isn’t far behind, thanks to bank-level security. It also allows you to deposit your assets in a vault for added security.

Taking everything into account, Coinbase is a fantastic alternative to Stripe for cryptocurrency management.

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