8 Top Stripe Alternatives The In-Depth 2023 Handbook

Most Stripe alternatives fall into one of two types: (1) payment processors and (2) a billing solution that covers payment processing as well as other aspects of billing including the detection of fraud, checkout and many more.

when selling physical products or services (online or in person), various Stripe alternatives built for physical goods transactions (like Amazon pay, Square and more.) are able to provide delivery of orders, payment processing with financing, order fulfillment, and much more. (It's important to note that many of these solutions can also be employed by SaaS companies, however, they're not fully integrated payment solutions.)

In this review We will review the top eight Stripe alternatives in the categories we've listed above. Our expertise lies in the provision of MoR solutions to SaaS businesses, we'll begin by examining the in-depth features of our service .

 Table of Contents

•      MoRs to SaaS Companies
• : International Payment Solution for SaaS
• Paddle: Payment Infrastructure Platform
• Verifone Formerly 2checkout
•      Billing Software for Selling physical Goods and Services
• Square is a Popular Payment Platform to help startups
• PayPal for Businesses: Made available across the top eCommerce Platforms
• Authorize.net: For Merchants and Small Businesses
• Adyen Robust FinTech Platform
• Amazon: Payment Service and Order Fulfillment

All-in-one Payment Solutions designed for SaaS Companies (MoRs)

Many companies using Stripe (or an equivalent to Stripe) recognize that Stripe offers more than just payment processing however there are a few obstacles in making the system function for your needs. There are a lot of extra fees and add-ons while some capabilities aren't as robust.

In this case, Stripe advertises subscription management features, however, many companies end up integrating with another service like Chargebee or Recurly to get the features for managing subscriptions they require.

Most of the time, SaaS companies end up with a payment tech stack that includes more than a dozen different tools that can be used for:

• Estimating international tax.
• More subscription management features.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Higher authorization rates are available in different countries.
• Plus.

Working together is a major strain on the development team.

In addition, you'll have to have a vast team of tax and legal experts in order to ensure compliance across the globe (because services like Stripe do not help in any laws). It's true that in the past, SaaS and ecommerce companies didn't always have to pay sales or VAT tax, this isn't the situation. If you don't make sure you pay the proper amount of tax in each jurisdiction that you sell in it could result in hefty fines or get banned from selling products in the region at some point in the future.

The choice of a bill solution which acts as your MoR will solve all these problems.

MoR MoR manages the entire SaaS payment process , from the collection and payment of taxes both internationally and locally (such as VAT or local sales tax) while adhering to local legislation and regulations, as well as payment handling, chargebacks and more.

: International Payment Solution for SaaS

has been acting as a MoR to global software firms for more than 20 years. We are aware of the steps needed to expand globally almost overnight. Here are some examples of how we helped other SaaS companies grow globally and grow their revenue

Leverage Multiple Payment Processors to Increase Revenue

Many SaaS businesses and their founding teams at first think that they need one payment processor to process payments. However, most SaaS companies eventually end up having to purchase more processors in order to:

• Accept more payment methods: Customers are more likely to purchase if they can use the payment method they prefer. However, not all payment processors support the exact same set of payment options. The use of multiple payment processors allows you to take on more payment options which, in turn, increases revenue.
• Enhance authorization rates in international transactions Card network are more likely to accept transactions if the processor has a legal entity located in the same place. Certain payment processors establish a legal entity in multiple places, but most firms still have to collaborate with multiple payment processors in order to process local payments.
• Accept payments from more nations:Some payment processors only accept payments from a select group of countries or regions. Making use of multiple processors lets you reach customers from a wider range of locations.

Working with several payment processors will also help solve connectivity issues or system failures. If one of the payment processors experiences a network issue and you want to reroute the payment to another processor that's fully operational.

By using HTML0 , you'll be assisted by multiple payment processors that specialize in global transactions in addition to accept the most commonly used payment methods around the world which include PayPal and Amazon Pay.

Based on the region of the buyer, automatically sends the payment to the bank that has the highest authorization rates in that region. If the transaction is unsuccessful and we have to retry the transaction using another processor.

NOTE: You also have the option of preventing transactions in certain regions, or to limit the number of products available in each region.

Stop fraudulent transactions without blocking legitimate transactions

An effective fraud defense system will aid in increasing authorization rates, decrease chargebacks, and safeguard your company from attack. But, in the event that legitimate transactions are classified as fraudulent, you'll be unable to recover revenues.

cooperates with Sift to provide advanced security and risk analysis. Sift uses machine learning as well as AI to analyze millions of transactions across the globe each month in order to spot risky transactions with higher accuracy. It means that your protection against fraud evolves constantly to give you better security and improve approval rates.

can also block transactions in jurisdictions and countries where businesses are not currently permitted to conduct business.

 When one of your customers initiate a chargeback, or there's an issue with fraud, takes the initiative to solve the issue for you.

Stay clear of costly fines and penalties by Letting Handle Local Legal Conformity to Your Benefit

If all transactions are legitimate and take place, you might pay hefty fines or even be prevented from transacting in that region if the transactions don't comply with the local regulations and laws. As an instance, there is a restriction on automatic recurring payments by the Reserve Bank of India limits the automatic recurring payment to Rs15,000 INR.

The majority of companies require a complete compliance team of lawyers in order to stay up-to-date with the latest rules and laws of every jurisdiction they do business in.

There is also the possibility of being fined or subject to penalties if do not file a consumption tax. SaaS businesses didn't have to be required to pay taxes, but the tax rules for sales made online are changing and being increasingly enforced.

Businesses that utilize Stripe (or another point solution) are required to manage taxes by themselves. While Stripe can help collect sales tax, you'll need additional software for collecting VAT, GST, and other forms of consumption tax. Additionally, you'll require staff of tax professionals who will pay tax upon the conclusion of every tax season.

 takes away the burden of:

•   Incorporating all tax on consumption (including GST, VAT, SST, etc.) and remitting it at the appropriate time for you.
•   Taking the lead on legal conformity (including audits).  

Fully compliant with EU General Data Protection Regulation (GDPR) as well as the California Consumer Privacy Act (CCPA). We also renew our level one certification -- which is the most advanced level possible- by certifying to an annual renewal of the Payment Card Industry Data Security Standard (PCI DSS) every year.

Control Everything From Checkout to Subscriptions from One Platform

Instead of having to create an entire payment stack comprising over dozen solutions that aid you with managing subscriptions checkout experiences, reporting analytics, reports, and other things, companies can manage everything related to SaaS billing via their web-based control panel.

 Customized, Localized Checkout

gives you full control over your checkout process with your own Store Builder Library. It allows you to customize every aspect of checkout and our team provides personalized assistance along the way. Additionally, we offer pre-designed user-friendly experiences. With minimal code, you can embed checkout into a webpage or create the checkout pop-up. For those who want to outsource the entire checkout procedure, opt for a storefront that is online where your customers will be directed to a site for the purchase. The storefront can be customized to reflect the branding of your website.

The checkout you select allows you to translate the checkout into local languages and change prices to local currencies.

 Subscription Management

allows you to create a range of customizable recurring and trial billing model without writing code. You can also use 's API and webhooks library to build sophisticated subscription logic and integrations.

 Dunning Management

manages all payments that fail and customer notifications for you -- simply choose how you'd like to handle it and we take care of the rest. A few options you have are:

• It is important to send proactive messages to your customers (e.g."Your credit card will soon expire').
• Send multiple follow-up messages (e.g. 2, five, seven 14, and twenty-one days after their payment method fails).
• Continue (or stop) this service until final notification is sent.
• Pause (or end) the service after all notifications have been sent out and the card continues to be declined.

Customers will also have access to an intuitive self-serve portal where they can change their payment details and control their subscription plans.

 Analytics and Reporting

Many SaaS firms employing Stripe are able to add a reporting and customer analytics tool that gives them insights into stats like MRR, churn rate as well as new customers according to product type or geography or location, and many more.

, on the other hand, has a robust analytical and reporting tool integrated in your dashboard, where you can see the key performance indicators (KPI) for your customer base as well as your subscription model. It is possible to view your reports and know:

• The impact each product has on your bottom line.
• What promotions or coupons are working.
• Which subscription models earn the most money.
• Where your customers are located.
• and there's plus.

Each report is customizable and saved to make it easy to access in the future. It is also possible to export and share reports as a CSV, PNG, or XLSX spreadsheet.

Flat-Rate Fee, No hidden costs

Most processing companies (like Stripe) typically charge an affordable processing fee but they'll also charge for services like subscription management, additional services for payment methods and tax collection. Additionally, you'll need to cover any other tools required to create a fully-fledged bill solution as well as staff to oversee the whole process. Most companies find that it's costly to pursue.

In contrast, manages your entire SaaS billing process for one flat-rate transaction cost. No add-on fees. No transition fees. There are no charges until the transaction occurs.

Paddle: Payment Infrastructure Platform

Paddle serves as an MRO for SaaS businesses that focus on B2C transactions with the ability to offer one-product transactions. Paddle provides features that include:

• Secure checkout.
• Recurring billing management.
• A powerful payment toolkit.
• Fraud protection.
• Transaction and subscription reporting. (With their recent acquisition ProfitWell and ProfitWell, they plan to offer SaaS integrated reporting in the future.)
• Invoicing. (This feature is still in the beta stage, which means it may not be the best option for companies that sell to B2B.)
• Plus.

Verifone 2.checkout: Previously 2checkout

Verifone can act as your MoR and make payments. This gives them the flexibility to help small and medium firms in various sectors (e.g. retail, retail and hospitality) providing both in-person as well as online services or goods.

Verifone features comprise:

• Integrated POS.
• Kiosks.
• Crypto payment processing.
• Device diagnostics.
• Hosted checkout.
• And more.

Billing Software for Selling Physical Goods and Services

Even though SaaS firms can make use of almost any billing solution to market their products (although certain solutions will be more efficient than others) however, not all solutions will be effective for companies offering physical goods or services. Businesses selling physical products or services require solutions that can manage online and in-person sales.

When selling physical goods or services, most firms are forced to use two or more different software in order to create a complete bill solution. There are, however, ways to minimize how many different programs you require and the your expenses will be. The most effective place to begin is to think about your present needs (e.g. Are you selling in-person and online?) as well as plan your potential needs in the future (e.g. Do you want to start selling on the internet in the near coming years? ).

After that, you are able to test each bill solution with a couple of key questions:

• What aspects of billing does the software covers? Does each feature truly meet the requirements for your current needs (e.g., maybe they have a subscription bill solution, but don't support the model you need)? Do the features leave space for your business to expand?
• Will you get all features for one price or will you have be charged extra for specific features you require? Will the price be sustainable over the long term, as your business expands?
• What is the process to connect the program with other software?
• Is the software user-friendly?

Next, we cover five Stripe competitions that sell tangible goods and services. help you get started with your search.

Square: Popular Payment Platform for Startups

Square is a well-known point-of-sale solution that is suitable for businesses of all size. With Square, you can accept the payment through your website either in-person or through social media. Beyond payment processing, Square also offers solutions for:

• Virtual terminals (so you can accept payment by credit card on your computer).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant accounts, savings accounts, as well as loans).
• Management of staff (including the management of time off, payroll and more. ).
• and more.

PayPal for Business: Available on Major eCommerce Platforms

PayPal is one of the most well-known ewallets that allows personal payments online, however, they also provide business-specific payment options to businesses that are of any size. PayPal allows debit card and credit card processing both in store and online.

(SaaS companies using can also process payments using PayPal.)

PayPal for Business also includes:

• Financing for businesses.
• Donation tools.
• Integrations built-in to major e-commerce stores (e.g., Shopify).
• Consulting services for refund and chargeback.
• A mobile app.
• Mass pay outs.
• And more.

Note: PayPal also has a payment processor specifically for SaaS called Braintree.

Authorize.net The Authorize.net website is for Merchants and Small Businesses

Authorize.net (a Visa solution) is a service for payment provider which supports mobile payment, phone transactions, and ACH. Additionally, they offer a card reader that can be used for payments in person as well as online purchase support.

Other options offered by Authorize.net comprise:

• Live, 24/7 customer service.
• The features for customer management will improve ease of use.
• Digital invoicing.
• Recurring Payment Tool.
• Advanced fraud detection suite (AFDS).
• and more.

Adyen: Robust Financial Technology Platform

Adyen is a financial technology platform with a focus on growth that is scalable. In addition to the payment processing capabilities, Adyen offers features such as:

• Virtual and physical card creation.
• Tools to optimize traffic in real-time.
• Advanced fraud algorithm.
• Cross-channel sales support.
• Corporate bank accounts are for your clients.
• Plus.

Amazon Pay: A Payment Services and Fulfillment of Orders

Amazon Pay lets your customers use their existing payment details in their Amazon account on your website. Amazon Pay can be used as a standalone payment option that does not require becoming an Amazon merchant. You can however utilize Amazon Pay on your own website , you can also turn into your own Amazon merchant (which gives you the option to fulfill your orders through Amazon).

Amazon Pay includes:

• Improved checkouts that are modeled on the Amazon checkout.
• Co-marketing campaigns.
• Self-service reporting dashboard.
• Tools for easy integration.
• and more.

NOTE:With , your customers are able to pay with Amazon Pay and many other payment methods.