Stripe and PayPal are two leading and popular online payment gateways globally. However, registering for this portal has strict regulations, so hiring the service is a good choice for businesses. So, should you choose Stripe or PayPal? Learn more from the article below!
Source: Internet
With the rapid development of online payment gateways globally, cashless payments are spreading. This affects the economy and consumption in many countries, including Vietnam. Therefore, many businesses and individuals doing business on platforms such as Amazon, Ebay, Shopify, ShopBase... all want to use payment services from Stripe.
Overview of both Stripe and PayPal payment gateways
Stripe (Stripe.com)
Founded in 2010, Stripe has grown to more than 42 countries around the world, including the US, Singapore, Hong Kong, Germany, France, UK...
Source: Internet
Stripe's strengths:
- Possessing advanced technology in payment and security.
- Calculate exact exchange rates.
- Provide detailed reports.
- Customers can pay directly via bank card without registering an account.
- Sign up is easy in countries supported by Stripe.
- Supports many different currencies for convenient transactions.
PayPal (paypal.com)
PayPal was founded in 1988 in the US and is the oldest payment gateway, trusted and used by users on more than 350,000 sales websites worldwide.
Source: Internet
PayPal's strengths:
- Links with many types of bank cards such as credit cards and debit cards.
- Provides many regular incentives for users, including free transaction fees.
- The fees are reasonable and suitable for many users when paying in many different countries.
- There are no additional costs other than currency conversion fees.
Why do you need to hire Stripe and PayPal payment gateways?
Although registering an account on Stripe and PayPal is not simple, it requires many strict requirements. Especially, if the business is not headquartered in the US or Singapore, does not have a local bank account or phone number...
Therefore, choosing to rent a payment gateway is the optimal solution. You can rent from a third party to save costs, time and resources.
PlutusPay, with many years of experience, affirms that this is an effective and optimal solution. We help you do business effectively and reach potential customers globally.
Choosing between Stripe and PayPal when renting a payment gateway?
Compared to PayPal, Stripe has many outstanding advantages. Below is a breakdown of Stripe's notable advantages:
- Lower transaction fees and no additional fees. Meanwhile, PayPal has transaction costs and other fees.
- Stripe has a higher level of security and safety than PayPal.
- Customers don't need a Stripe account to buy products from you. They can pay directly via Visa or Master Card on your website, conveniently and quickly.
Overall, Stripe is still the best choice for online businesses globally.
Through the article Stripe and PayPal: Which choice is optimal?, perhaps you have found the right choice for your business. If you need to find a Stripe payment gateway to increase your business's sales revenue, PlutusPay has the service. Stripe payment gateway rental with fees starting from only 1.5%. Contact us today!
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