Stripe and Square are both leading online payment gateways, allowing businesses to accept payments from credit cards, debit cards, and digital wallets. With the growing market, both of these payment gateways are highly appreciated. However, which payment gateway has more optimal performance? Let's find out with the article below from PlutusPay!
Stripe and Square Analysis
Stripe payment gateway is a flexible option for businesses with the ability to accept many currencies and international payment methods. With high customization capabilities, Stripe provides an optimal payment experience for users, despite limiting some hardware options for the point of sale system.
Meanwhile, Square payment gateway provides software and hardware at points of sale, meeting the payment needs of traditional businesses.
Source: Internet
| Stripe | Square | |
| Fee |
|
|
| Monthly fee | $ 0 (If only using basic services) |
|
| Currency, country support | 135+ currencies; 47 countries. | Accepts up to 8 countries. (See more details here) |
| Customer support | There is 24/7 support staff, both by email or direct call. | Support via call, email, live chat and via social media during office hours (US time) 24/7 for Plus and Premium package users. |
Stripe and Square: Which payment gateway is more optimal?
Through the analysis table above, we can see that the Stripe payment gateway is more optimal for sellers when doing online business.
Source: Internet
International trade
Stripe payment gateway allows international transactions with a variety of accepted payment methods and currencies. Customers can pay in their currency, and Stripe will automatically convert the amount to the appropriate currency and collect an additional transaction fee of 1% (paid by the customer). .
Online customization options
With Stripe, users have the ability to customize online as they wish. Stripe Elements offers pre-made elements to users, allowing you to design your own checkout process and customize it using CSS.
These include credit card autofill (similar in concept to Shop Pay) and location-responsive input fields, making it easy for customers to make payments.
If you are a software developer for your brand, you can take advantage of Stripe's features and make them your own using its open APIs.
Charges
With Stripe, users will be charged competitively at 2.9% + 30 cents for all online sales, with no monthly fees. Costs for other services such as ACH debits, currency conversions, and direct sales using the Stripe Terminal are clearly outlined by Stripe in the policies section of their website
In addition, Stripe also provides users with customized packages for large-scale businesses or special needs, without limiting features by price.
Through this article comparing Stripe and Square, we can see that Stripe is superior to Square in terms of functions, utilities as well as payment fees.
To learn more about the Stripe payment gateway rental service from PlutusPay, you can visit the link here for more detailed information about our services.
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