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20 Best Stripe Alternatives in 2024

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Cashfree

Cashfree

By Cashfree

4.4 (20 reviews) Write a Review

Price On Request

Cashfree Payment Gateway is a comprehensive payments platform which is designed to cater to the unique needs of busines... Read More About Cashfree

Categories in common with Cashfree:

Airpay Payment Gateway

Airpay Payment Gateway

By Airpay

4.2 (15 reviews) Write a Review

Price On Request

Airpay Payment Gateway is a special service in India that helps businesses handle payments easily and safely. It combin... Read More About Airpay Payment Gateway

Categories in common with Airpay Payment Gateway:

Razorpay

Razorpay

By RazorPay

4.2 (17 reviews) Write a Review

Price On Request

Razorpay Payment Gateway is a leading payment processing solution that empowers businesses to accept, process, and disb... Read More About Razorpay

Categories in common with Razorpay:

Paytm for Business

Paytm for Business

By Paytm

4.1 (0 reviews) Write a Review

Price On Request

Paytm for Business is India’s most popular payment gateway software. Paytm supports many ways to pay, like UPI, credi... Read More About Paytm for Business

Categories in common with Paytm for Business:

Ccavenue

Ccavenue

By Infibeam Avenues

4.3 (10 reviews) Write a Review

Price On Request

CCAvenue Payment Gateway is a comprehensive, end-to-end payment processing solution designed to cater to the diverse ne... Read More About Ccavenue

Categories in common with Ccavenue:

PayG

PayG

By Xsilica Software Solutions

3.7 (15 reviews) Write a Review

Price On Request

PayG payment gateway is an omnichannel payment solution helping businesses of all sizes receive online payments from an... Read More About PayG

Categories in common with PayG:

PayU

PayU

By Naspers Group

4.2 (8 reviews) Write a Review

Price On Request

PayU Payment Gateway is India’s most versatile payment processing solution for diverse needs of businesses. It provid... Read More About PayU

Categories in common with PayU:

Payflow

Payflow

By PayPal

3.7 (10 reviews) Write a Review

Starting at

$25

Payflow Payment Gateway is a comprehensive solution for businesses to manage their online payment transactions securely... Read More About Payflow

Categories in common with Payflow:

WaveXpay

WaveXpay

By WaveXpay

4.5 (0 reviews) Write a Review

Price On Request

WaveXPay is a revolutionary payment gateway software that has been designed to provide the best payment solutions for m... Read More About WaveXpay

Categories in common with WaveXpay:

BillDesk

BillDesk

By IndiaIdeas Limited (BillDesk)

3.6 (11 reviews) Write a Review

Price On Request

BillDesk Payment Gateway is a comprehensive solution designed to streamline your payment processing needs. It provides... Read More About BillDesk

Categories in common with BillDesk:

Nimbbl

Nimbbl

By Nimbbl

4.0 (10 reviews) Write a Review

Price On Request

Nimbbl Payment Gateway makes paying online easy and hassle-free. It's great for online businesses, developers, banks, a... Read More About Nimbbl

Categories in common with Nimbbl:

Safexpay

Safexpay

By Paygate

4.2 (4 reviews) Write a Review

Price On Request

SafexPay is one of the best online payment gateway system for Indian markets. This payment gateway manager has the cap... Read More About Safexpay

Categories in common with Safexpay:

PayUbiz

PayUbiz

By PayU Payments

4.4 (9 reviews) Write a Review

Price On Request

PayUbiz is one of the best online payment gateway management software in India. E-commerce companies and freelancers w... Read More About PayUbiz

Categories in common with PayUbiz :

PayKun

PayKun

By PayKun Payment Solutions

4.7 (6 reviews) Write a Review

Price On Request

Organisations can create their individual payment links directly within the dashboard offered by the software. They can... Read More About PayKun

Categories in common with PayKun:

CoinGate

CoinGate

By CoinGate

3.9 (10 reviews) Write a Review

Price On Request

CoinGate Payment Gateway helps businesses handle cryptocurrency payments. It works with many types of digital money lik... Read More About CoinGate

Categories in common with CoinGate:

Last Updated on : 05 Oct, 2024

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Best Alternatives to Stripe

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Buyer's Guide for Stripe Best Alternatives

Searching for Stripe alternatives? We’ve compiled the list of top Payment Gateway with features & functionalities similar to Stripe. There are a lot of alternatives to Stripe that could be a perfect fit for your business needs. Compare Stripe competitors in one click and make the right choice!

Image contains 5 stripe alternatives, Razorpay, CC Avenue, Billdesk, cashfree, and payu

Stripe is without a doubt one of the most used and trusted payment gateways out there. But what if it doesn’t quite fit your business needs? Maybe you're looking for lower fees, better customer support, or unique features that Stripe doesn't offer.

However, one major drawback of Stripe is that it may not be suitable for businesses that rely heavily on in-person payments, such as retail businesses and restaurants. Additionally, Stripe's open API and tools are difficult for those without software development expertise, limiting its usage to only a few businesses. As a result, businesses prefer agile Stripe alternatives that offer advanced features and are easy to use.

Fortunately, there are numerous exceptional Stripe alternatives that can meet your specific needs. In this guide, we will explore some of the finest Stripe competitors to find  the ideal payment gateway for your business.

Limitations of Stripe Payment Gateway

Though Stripe is a popular payment solution, it does have some limitations that can push users to explore its alternatives. Here are some key drawbacks of using Stripe payment gateway:

High transactional charges: Stripe's standard fee is somewhere between 2-3% plus $0.30 per transaction. This might seem okay, but for businesses with lots of transactions, it can get pricey. There are also extra fees for things like chargebacks and international transactions.

Strict KYC/AML Policies: Stripe has strict rules for verifying customers' identities and preventing money laundering. If your business doesn't meet their rules, your account could be suspended or closed, especially if you're in a high-risk industry.

Limited Merchant Categories: Stripe only supports a specific MCCs (Merchant Category Codes) and it doesn't allow certain types of businesses to use their services. For example, if your business is related to adult content or gambling, you can't use Stripe.

Geo restriction: Many payment gateways have issues with geo-restrictions, and Stripe is no different. Stripe only works for businesses in 46 of the biggest countries, mostly in Europe and the Americas. Even though Stripe can accept payments from anywhere in the world, it can be a problem for business owners in countries not on this list.

Technical Expertise Required: Stripe's open API and tools can be challenging to use without software development expertise. This can be a significant barrier for businesses that do not have in-house technical talent. They search for alternatives of Stripe which are easy to use and don’t need technical expertise.

How to Choose the Best Stripe Alternative?

Choosing the right Stripe alternative can feel like a big task, but it doesn't have to be hard. Here are some simple steps to help you find the best payment gateway for your business:

Know Your Needs: First, think about what your business really needs. Do you want lower fees? Better customer support? More customization options? Make a list of the most important features for your business.

Compare Fees: Look at the fees of different payment gateways. Some might have lower transaction fees or fewer hidden charges than Stripe. Make sure you understand all the costs involved.

Check for Compatibility: Make sure the payment gateway works with the tools and platforms you already use. This will make the switch much easier.

Ease of Use: If you’re not very tech-savvy, choose a payment gateway that is easy to set up and use. Some alternatives to Stripe are more user-friendly and don’t require much technical knowledge.

Customer Support: Good customer support can be a lifesaver if you run into problems. Look for a payment gateway with strong customer service.

Global Reach: If you do business internationally, make sure the payment gateway works in all the countries you need to reach. Some gateways have better global coverage than others.

Read Reviews: Check out reviews from other businesses. Their experiences can give you a good idea of what to expect.

Must-Have Features in Any Alternative to Stripe

Any software similar to Stripe must have a range of features that enable businesses to process online payments, manage finances, and optimize revenue.

  • Accepting multiple payment options: Any payment processing software similar to Stripe must support a range of payment methods, including cards, bank transfers, wallets, etc. Its alternatives like PayPal, Square, and Braintree offer diverse payment options and integrations that businesses can leverage.
  • Robust security and fraud protection: Best Stripe alternatives must prioritize security and offer fraud protection tools such as 3D Secure and fraud detection algorithms. For example, Adyen, Authorize.net, and Payline prioritize security and offer advanced fraud prevention features.
  • Recurring payment options: Businesses that offer subscription-based services must process recurring payments. Stripe alternative software solutions often support automatic recurring payments and offer subscription management tools. Software like Chargify, Recurly, and Zuora specialize in subscription management and recurring payments.
  • Invoicing and billing features: Businesses must have the ability to create and send invoices, track payment statuses, and manage payment reminders. Any Stripe alternative payment processing software must also offer customizable invoicing features and options for payment reminders. You will get these features in PayPal, Square, and QuickBooks.
  • Integration with third-party platforms: Businesses rely on a range of software tools to manage their operations. Stripe billing alternatives must have the ability to integrate with these platforms, including CRM tools, accounting software, and e-commerce platforms. Alternative payment processing software solutions like Square, PayPal, and Amazon Pay offer integrations with popular third-party platforms.
  • Multi-currency support: Stripe alternative should support multiple currencies and offer a seamless checkout experience for customers worldwide.
  • Invoicing and subscription management: Businesses need to manage their recurring payments and billing cycles efficiently. A Stripe alternative should offer flexible invoicing and subscription management features.
  • Fraud prevention and security: Payment fraud is a serious issue for businesses. A Stripe alternative should provide robust fraud prevention and security features to protect businesses and their customers.
  • Mobile-friendly: More customers are using their mobile devices to make purchases, Therefore, a competitor to Stripe should offer a mobile-friendly checkout experience that works across all devices.
  • Customizable UI: Businesses customize the checkout experience to match their brand, so an alternative of Stripe should offer customizable UI options.
  • Analytics and reporting: Businesses need to monitor their payments and track their performance. Competitors of Stripe should offer robust analytics and reporting features to help businesses make data-driven decisions.

Comparison Of Top Stripe Competitors

Here’s a comparison table for the top 5 Stripe alternatives:

Top Stripe Competitors Comparison
Features Payflow (PayPal) Razorpay PayU Skrill CCAvenue
Ease of use Easy Easy Moderate Very Easy Easy
UPI No Yes Yes No Yes
Subscription Management Yes Yes Yes Yes Yes
Multi-currency support 20+ 100+ 120+ 50+ 25+
Settlement period Within 24 hours T+2 Days T+2 days 2-3 Business days 2-3 Working days
Store Creation No Yes Yes No Yes
Charges 4.40% + Fixed Fee 2% to 4% 2% - 3% + 18% GST Up to 4.99%. 2.00% of Platform Fees

Popular Competitors of Stripe

If you're looking for a payment gateway that's as good as Stripe, here are five great options to consider. 

1. Razorpay

Razorpay is a top payment gateway in India that supports various payment methods, including credit and debit cards, UPI, and mobile wallets. It’s designed to cater to both small and large businesses with easy integration options and robust features.

Features:

  • Easy integration with websites and mobile apps
  • Supports international payments
  • Provides instant activation
  • Offers a dashboard for tracking payments

Pros:

  • User-friendly interface
  • Supports a wide range of payment methods
  • Strong customer support

Cons:

  • Higher fees for international transactions
  • Lacks Crypto currency support

2. PayU

PayU is a widely used payment gateway available in many countries. It’s known for its simple setup process and diverse payment options, making it ideal for businesses of all sizes looking to expand their payment capabilities.

Features:

  • Supports multiple currencies
  • Quick and easy setup
  • Fraud prevention tools
  • Detailed analytics

Pros:

  • Wide global reach
  • Simple to use
  • Strong security features

Cons:

  • Customer support can be slow
  • Some users report occasional technical issues

3. PayPal (Payflow)

PayPal's Payflow is a payment gateway that taps into PayPal's extensive global network. It’s a trusted solution that offers comprehensive features for accepting payments, making it suitable for businesses that need reliable and secure transactions.

Features:

  • Accepts payments from PayPal accounts and credit cards
  • Supports recurring billing
  • Customizable checkout pages
  • Strong security measures

Pros:

  • Well-known and trusted brand
  • Easy to integrate
  • Strong buyer and seller protection

Cons:

  • Fees can be high, especially for international transactions
  • Customer support can sometimes be hard to reach

4. CCAvenue

CCAvenue is a prominent payment gateway in India, well-regarded for its diverse payment options and excellent customer support. It is favored by Indian businesses for its extensive services and deep understanding of the local market.

Features:

  • Supports multiple currencies
  • Facilitates EMI payments
  • Provides comprehensive transaction reports
  • Offers robust fraud detection tools

Pros:

  • Supports a wide variety of payment methods
  • Excellent customer support
  • User-friendly interface

Cons:

  • Limited international reach

5. Skrill

Skrill is an international payment service that allows businesses to accept payments globally. Known for its low fees and quick transactions, Skrill is a good choice for businesses looking for efficient and cost-effective payment solutions.

Features:

  • Supports over 40 currencies
  • Easy to integrate with websites
  • Offers a prepaid card for easy access to funds
  • Strong fraud prevention tools

Pros:

  • Low transaction fees
  • Fast payment processing
  • Wide global reach

Cons:

  • Verification process can be slow
  • No UPI support

What Types of Businesses Are Looking for Alternatives of Stripe?

  • E-commerce businesses: While building online stores that sell products or services to customers worldwide may need to consider payment processors that offer support for multiple currencies, payment methods, and fraud prevention. Some alternatives to Stripe for e-commerce businesses include PayPal, Braintree, Authorize.net, and 2Checkout.
  • Global Businesses: While Stripe supports payments in over 135 currencies and 44 plus countries, some global businesses may require more extensive coverage. Stripe Alternative payment gateways like PayPal and Braintree offer payments in over 200 countries, making them a viable option for global businesses.
  • Businesses with High-Volume Transactions: Stripe may not be the best option for businesses with high-volume transactions, as it charges a flat fee per transaction.
  • Freelancers: Small businesses and freelancers look for more affordable payment processing solutions that are available at lower fees and ensure a simpler setup process. Stripe Alternatives that cater to these types of businesses include Square, PayPal, and Zoho Checkout.
  • Subscription-Based Businesses: While Stripe helps manage recurring payments and subscription billing, some subscription-based businesses require more advanced features like tiered pricing and usage-based billing. Stripe Alternatives like Chargify and Recurly offer advanced subscription management modules, making them better suited for these businesses.
  • In-Person Retail Businesses: Stripe's in-person payment options are limited to its terminal product, which may not be suitable for all types of in-person retail businesses. Stripe Alternatives like Square and PayPal Here offer a wider range of in-person payment options, including point-of-sale systems and mobile card readers.

Techjockey’s Verdict

Stripe is a robust payment processing platform that offers a wide range of features and integrations for businesses of all sizes. However, it may not be the best fit for every business, as it has some limitations. If you are looking for an alternative to Stripe, there are several other payment processing platforms that would better suit your needs. It's important to do your research and compare different options before making a decision.

Author: Kalpana Arya

Stripe Alternative FAQs

A. Stripe is known for its high transaction fees, strict KYC/AML policies, limited merchant categories, geo-restrictions, and the need for technical expertise for integration. These factors can be limiting for some businesses, prompting them to look for alternatives.
A. Key factors include your business needs, transaction fees, compatibility with existing tools, ease of use, customer support, global reach, and security features. It’s important to assess these factors to find the best fit for your business.
A. Yes, alternatives like PayPal, PayU, and Skrill often have lower transaction fees and may have fewer hidden charges compared to Stripe. It’s important to compare the fee structures of different gateways.
A. Windows users can consider using payment gateway alternatives such as Braintree, PayPal, Square, and Authorize.net
A. Small and medium-sized businesses can consider using payment gateway alternatives such as Instamojo, PayKun, PayUbiz, and Payline Data, as these solutions offer competitive pricing and are well-suited for SMBs.
A. Some of the cheapest payment gateway alternatives to Stripe include PayPal, Square, and Braintree. These solutions offer competitive pricing and can be a good fit for businesses that are looking for affordable payment processing options.
A. PayPal, Skrill, and PayU are popular alternatives that support multiple currencies and have a wide global reach, making them suitable for businesses that operate internationally.
A. PayPal, Square, and PayU are known for their easy setup and user-friendly interfaces, making them ideal for businesses without in-house technical expertise.
A. Razorpay and PayPal Here offer comprehensive in-person payment solutions, including point-of-sale systems and mobile card readers, making them ideal for retail businesses.

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