Paypal

Payment Gateway

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Stripe

Payment Gateway

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Price On Request

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All industries

All industries

Shipping
Buyer Protection
Integrations
Payment Gateway Integration
Online Services

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Billing & Invoicing
Payment Handling
Online Payment
Third Party Integration
Centralised Billing & Debit Card Management.

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Overall

4.3(9)

Features

4.4

Ease of Use

4.5

Value for Money

4.1

Customer Support

4.4

Likelihood to Recommend

90%

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Overall

4.9(3)

Features

Ease of Use

Value for Money

4.6

Customer Support

Likelihood to Recommend

86%

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pros-list-icon I have been using PayPal for the past few years for online payments and it's working great for me. Even their service charges are also not too high. PayPal is very easy to use and a great platform to make safe and secure payments. I will surely recommend people to try this out. Posted - Aug 02, 2020

cons_icon I have found PayPal to be one of the most reliable applications to send and receive money. However, the transaction fee of PayPal is a bit high and sometimes, the time to receive the transaction is prolonged. Also, the window opens slowly. Posted - Aug 02, 2020

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pros-list-icon Stripe is one of the best payment gateway software that I've seen so far. It provides an easy way to incorporate online payments while reducing the risk of fraud. This is a developer-friendly solution that allows you to easily integrate Stripe into any website making your tasks smooth. Posted - Sep 13, 2022

cons_icon I believe that they can offer a few more functionalities that would make it really amazing. Posted - Sep 13, 2022

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Deployment

Web Based
On Premises

Device Supported

Desktop
Mobile
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iPad

Operating System

Ubuntu
Windows
iOS
Android
Mac OS
Windows(Phone)
Linux

Deployment

Web Based
On Premises

Device Supported

Desktop
Mobile
Tablet
iPad

Operating System

Ubuntu
Windows
iOS
Android
Mac OS
Windows(Phone)
Linux

Paypal VS Stripe : Comparision Video

A Quick Comparison Between Paypal and Stripe

Let’s have a detailed comparison of Paypal vs Stripe to find out which one is better. Let’s discover some of the essential factors that you must consider and decide whether Paypal or Stripe fits your business.

PayPal and Stripe are the most prominent payment processing software. Both have similarities but are suited for different business requirements. PayPal is better suited for new or small businesses whereas Stripe is better for big companies because it comes with multiple payment customization options. But which one is better for your needs? Here, we will make a detailed comparison of PayPal and Stripe to find the best payment platform for your business.

PayPal vs Stripe: Overview

PayPal and Stripe are payment platforms that you can use for accepting and receiving payments. With these platforms, you can process payments, transfer money online, and receive payments in different currencies. However, they do have some differences.

For example, Stripe offers more integration options than PayPal. Manual card entry transactions cost is higher in PayPal than in Stripe. Moreover, online transaction costs are higher with PayPal than with Stripe.

PayPal vs Stripe: Pros and Cons

Refund fees option is not available in Stripe
Manual card entry transaction rate is higher in PayPal as compared to Stripe
Recurring payments fee is higher in PayPal than in Stripe
In-person transaction charge is lower in Stripe than in PayPal

PayPal and Stripe: In terms of Features

Despite sharing some common features, PayPal and Stripe do have some differences in terms of features as enumerated below:

Pay Later Options: This feature is currently available in both PayPal and Stripe. However, in Stripe it is available via third party integration and in PayPal, it is provided as a built-in functionality. Many PayPal alternatives also offer pay later options.
Customizability: With Stripe, you can customize the checkout gateway without any extra costs. You will find many Stripe alternatives that let you customize the checkout gateway. Whereas PayPal lets you customize on-site checkout options and the checkout gateway with any additional cost.
Currencies Supported: For accepting and receiving payments, both these payment gateways support various international currencies. In PayPal, you can process a transaction in 24 currencies whereas 135+ currencies are supported by Stripe.
Keyed Transactions: These types of transactions can be processed with both Stripe and PayPal but have different transaction rates. PayPal has a rate of 3.49% with a fixed fee of 9 cents whereas Stripe has a transaction fee of 2.9% with a 30 cents fee.
Chip Transaction Fees: Stripe has a chip transaction rate of 2.9% with a 30 cents fixed fee. On the contrary, PayPal has a much lower rate of 2.29% with a fixed fee of 9 cents.
Chargeback Fees: The chargeback fee is charged by both PayPal and Stripe with different rates. PayPal has a chargeback fee of $20 whereas Stripe charges $15 per transaction.
Supported Countries: PayPal can be used in 200+countries and Stripe is only available in 46 countries for international payments.

PayPal vs Stripe: Customer Support

Both PayPal and Stripe offer multiple options to support their customers and address queries. With PayPal, you can connect with the customer support team via message, phone call, and email. Additionally, it offers a FAQ section and community support to get help with general queries.

Compared to PayPal, Stripe also provides message, email, and phone support to connect with customers. Moreover, it also has a resource section and a live chat feature that puts it one step ahead of PayPal.

PayPal vs Stripe: Payment Methods

In terms of payment methods, Stripe clearly wins over PayPal. Stripe lets you accept and receive payments through eight different methods including vouchers, wallets, bank debit, buy now pay later, etc. Whereas PayPal supports only five payment methods including credit and debit card, instant bank transfer, etc. If you need a payment app that provides multiple payment options, then Stripe is better.

PayPal and Stripe: Operating Systems

Both PayPal and Stripe can be used on multiple operating systems, however, the number of supported OS may vary. If you want a payment platform that supports Windows, Android, MacOS and iOS, then PayPal is a better choice. Whereas, Stripe can only work on macOS, Linux, and Windows operating systems. PayPal is a clear winner here because it supports more operating systems.

PayPal and Stripe: Pricing

Stripe does not have any pricing tiers and charges customers on a per transaction basis. Its add-on features cost an additional per transaction charge. Also, Stripe does not provide custom fee packages.

PayPal on the other hand, offers two paid plans for customizing shopping flows and using all other features, whereas customization is free in Stripe. Therefore, instead of incurring monthly premium payment to access the features, Strips only charges per transaction fee without any premium subscription.

PayPal vs Stripe: Which is Better?

PayPal and Stripe are popular payment processing software that you can use for accepting and receiving payments online. However, which one is better totally depends on the features you want in that software. PayPal can be a better choice if you want a refund fee option, lower chip transaction rate, multiple payment methods, and a built-in pay later feature. Whereas go for Stripe, if you need 135+ currencies for payment, lower chargeback fee, and free software customization options.

FAQs

Is PayPal better than Stripe?

Yes, PayPal is a better payment software than Stripe because it offers a refund fee option, has a lower chip transaction rate, and it supports multiple operating systems. All these features are currently limited in Stripe.

Are PayPal and Stripe the same?

No, PayPal and Stripe are different from each other in terms of the features they provide. PayPal has a lower chip transaction rate, supports only 24 currencies, and has higher chargeback fees. On the contrary, Stripe has a higher chip transaction rate, supports 135+ currencies, and has a lower chargeback fee.

Which is better, PayPal or Stripe?

If you want higher currency support with a lower Keyed-in transaction rate and a free customization option, then Stripe is better. Whereas, go for PayPal, if you need multiple payment methods, lower chip transaction rate, and a built-in pay later feature.

Is PayPal the same as Stripe?

No, PayPal differs from Stripe in terms of the functions it provides. For example, PayPal has a refund fee payment option, low chip transaction rate, built-in pay later option, etc. All the mentioned functions are available in a limited manner in Stripe.

Can PayPal replace Stripe?

No, PayPal cannot replace Stripe because there are many features which are limited in PayPal. For example, PayPal supports limited currencies, its app customization feature is paid, and it has a higher chargeback fee. Whereas Stripe supports 135+ currencies, offers free customization, and has a lower chargeback rate.

What is the difference between PayPal and Stripe?

PayPal can be used in 200+ countries, offers multiple payment methods, and has a low chip transaction rate. Whereas Stripe can be used in 46 countries, offers limited payment methods, and has a high chip transaction rate.