8 Stripe Options for Top Stripes: In-Depth 2023 Guide

Most Stripe alternatives fall into one of two types: (1) payment processors, or (2) an option for billing that covers payment processing as well as additional aspects of billing including fraud detection, checkout, and many more.

When selling physical goods and services (online as well as in-person), various Stripe alternatives designed specifically for physical payments (like Amazon pay, Square, etc.) offer delivery of orders, payment processing, financing options, and much more. (It's important to note that many options can be used by SaaS businesses, but none of them is fully integrated payment solutions.)

In this guide, we compare eight of the best Stripe alternatives for the categories we've listed above. Since our expertise is in the provision of MoR solutions to SaaS firms, we'll start by examining the in-depth features of our solution .

 Table of Contents

•      MoRs to SaaS Companies
• : International Payment Solution for SaaS
• Paddle: Payment Infrastructure Platform
• Verifone Formerly 2checkout
•      Billing Software to sell physical Goods and Services
• Square is a A well-known payment platform for startups
• PayPal for Business: Available on Major eCommerce Platforms
• Authorize.net: For Merchants and Small Businesses
• Adyen Robust platform for Financial Technology
• Amazon: Payment Service and Order Fulfillment

All-in-one Payment Solutions to SaaS Companies (MoRs)

Many companies using Stripe (or some other similar system to Stripe) know that Stripe offers more than just processing transactions but that there are challenges in making the system function for your needs. The system can need a myriad of additional add-ons as well as fees, and some of the features are limited.

As an example, Stripe advertises subscription management features, however, many businesses end up joining an alternative service such as Chargebee or Recurly for the subscription management features they require.

More often than not, SaaS companies end up having a payment technology stack of over a dozen tools for:

• Estimating international tax.
• Further subscription management tools.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Higher rates of authorization for other countries.
• Plus.

The coordination of all the elements creates a huge stress on the team working to develop.

In addition, you'll have to keep a group of legal and tax experts in order to ensure compliance across the globe (because products such as Stripe do not help in any laws). It's true that previously, SaaS and ecommerce companies didn't always have to pay VAT or sales tax, that's no longer an issue. If you don't collect and pay the correct amount of tax for each location you sell your products in, you could face hefty fines or get banned from selling within that area in the future.

Selecting a solution for billing which also functions as an MoR solves all of these issues.

MoR MoR handles the entire SaaS billing procedure for you, which includes collecting and remitting local and international taxes (such as VAT or local sales taxes) while adhering to local laws and regulations, payments processing, chargebacks, and much more.

: International Payment Solution for SaaS

We have been serving as an MoR for multinational software firms for more than twenty years. Therefore, we have the experience to scale up globally fast. Here are some instances of how helped others SaaS companies grow globally and grow their revenue

Utilize a variety of payment processors in order to Increase Revenue

A majority of SaaS businesses and their founding teams at first think that they require one processor for payments to accept payments. But, the majority of SaaS companies eventually end up having to purchase more processors in order to:

• Accept additional payment methods: Customers are more likely to complete a purchase when they have their preferred payment method. However, not every payment processor supports the exact same set of payment methods. The use of multiple payment processors allows you to use more payment methods which, in turn, increases revenues.
• Enhance authorization rates for international transactions The card networks are more likely to approve transactions if the payment processor is legally incorporated located in the same place. Some payment processors will establish an entity legal in several places, but most companies still need to work with multiple processors to handle all payments locally.
• Accept payments from several nations:Some payment processors only allow payments from certain areas or countries. Utilizing multiple payment processors allows you to connect with customers from a wider range of locations.

Utilizing multiple processors for payments will also help solve connectivity issues or system failures. If one processor has a problem with its network and you want to reroute the transaction to a payment processor that's operational.

With , you'll get supported by multiple payment processors who are experts in international payments and accept the most popular payment options around the globe -- including PayPal and Amazon Pay.

The location of the buyer, automatically transfers the transaction to the payment processor with the highest rate of authorization in that region. In the event that the transaction is unsuccessful, we automatically try again with another processor.

Note: You also have the option of preventing transactions from certain regions or limit products in the region in which you reside.

Avoid fraudulent transactions by blocking valid transactions

An effective fraud defense system will help you increase authorization rates as well as reduce chargebacks. It can also protect your company from attacks. But, in the event that legitimate transactions get marked as fraud, you'll lose the revenue.

collaborates in partnership with Sift for sophisticated security and risk analysis. Sift uses machine learning and AI to analyse millions of global transactions each month in order to spot more risky transactions and provide greater accuracy. That means your fraud prevention will always be evolving in order to offer greater security as well as increase the rate of approval.

Also, it is possible to block transactions coming from countries and jurisdictions where companies are currently not allowed to do business.

 In the event that one of your clients does start a chargeback, or has a problem in fraud, you should take the initiative to solve it on your behalf.

Reduce the risk of high fines and penalties by letting the local Legal Conformity to Your Benefit

If all transactions are legitimate and go through, you could pay hefty fines or even being barred from doing business within that area if your transactions don't comply to local laws and regulations. In the case of instance it is the case that the Reserve Bank of India limits automatic recurring payments to Rs15,000 INR.

Most companies need a full compliance team of lawyers to keep up to date with the latest laws and regulations of each area they operate in.

You can also be fined or subject to penalties if do not file a consumption tax. SaaS companies didn't always have to pay tax, but tax regulations for digital sales change and are being more enforced.

companies that employ Stripe (or other point solutions) are required to manage taxes by themselves. Although Stripe can help collect taxes on sales, they'll require additional software for collecting VAT, GST, and other forms that collect consumption taxes. In addition, you'll need an expert tax team who will pay tax at the close of every tax season.

 takes away these burdens by:

•   Collecting all consumption tax (including GST, VAT, SST, etc.).) and paying it back at the right time for you.
•   The company is leading the charge on legal conformity (including the audits).  

is fully compliant with the EU General Data Protection Regulation (GDPR) and also the California Consumer Privacy Act (CCPA). We also renew our level 1 certification that is the highest level possible -and is compliant in accordance with the Payment Card Industry Data Security Standard (PCI DSS) each year.

Manage Everything from Checkout to Subscriptions from One Place

Instead of having to create a payment stack of over a dozen different solutions to aid you with managing subscriptions checkout experiences, reporting analytics, reports, and more, lets companies manage everything related to SaaS billing right through their own control panel.

 Customized, Localized Checkout

gives you full control over your checkout process with your own Store Builder Library. You can customize any aspect of the checkout process, and our team provides personalized assistance along the process. We also provide pre-built checkout experiences. Utilizing only minimal code, you can embed checkouts into your website, or even the checkout pop-up. For those who want to outsource your entire checkout process, you can opt for a storefront that is online which will see your clients directed to a site for the purchase. You can customize the storefront to reflect the branding of your website.

Whichever checkout experience you choose let you translate checkout in local languages as well as translate prices into local currency.

 Subscription Management

lets you create a variety of customized recurring and trial model without writing code. Additionally, you can use's API , webhooks and API library to build advanced subscription logic as well as integrations.

 Dunning Management

handles all failed payments and customers' notifications on failed payments for youSimply select how you'd like it to be handled, and we'll handle everything else. There are a few choices you can choose from are:

• It is important to send proactive alerts to customers (e.g."your credit card will soon expire').
• Send multiple follow-up messages (e.g. 2 5, 7, fourteen, and twenty-one days after their payment method is unsuccessful).
• Continue (or stop) the service until the final notification is sent.
• The service will be stopped (or stop or) the service once all the notifications have gone out and the payment remains deferred.

Your customers are also able to access an easy self-service portal through which they can edit their account information and control their subscription plans.

 Analytics and Reporting

A lot of SaaS businesses that use Stripe will eventually add an analytics and reporting tool, which gives insight into statistics like MRR, churn percentage and new customers based on geographical region or type of product or location, and many more.

, on the other hand it has an extensive report and analytics tool that is built within your dashboard. You can view important performance indicators (KPI) for your customer base as well as your subscription model. Reports can be viewed to understand:

• How each product contributes to your bottom line.
• Which coupons and promotions work.
• Which subscription models generate the highest amount of revenue.
• Where your customers are located.
• And much plus.

The reports can be personalized and saved to make it easy to access at a later date. Additionally, you can export and share reports as an image, CSV, or XLSX spreadsheet.

Flat-Rate Fee without hidden costs

Most payment processors (like Stripe) typically charge a low processing fee, however, they'll add fees to include features such as billing management, extra services for payment methods and tax collection. In addition, you'll be required to cover any other software needed for a complete billing solution and the staff for managing the entire process. In the majority of cases, this ends up being an expensive route to take.

In contrast, manages your entire SaaS payment process with a single flat rate transaction fee. No add-on fees. No transition fees. There are no charges until the transaction occurs.

Paddle: Payment Infrastructure Platform

Paddle serves as an MoR to SaaS companies focused on B2C transactions, with the capability to offer single-product transactions. Paddle offers features like:

• Secure payment.
• Management of recurring billing.
• A solid payment toolkit.
• Fraud protection.
• Subscription and transaction reporting. (With their recent acquisition of ProfitWell and ProfitWell, they plan to offer SaaS reports integrations in the near future.)
• Invoicing. (This option is currently being tested, and could not be the most appropriate choice for B2B companies.)
• and more.

Verifone The company was previously 2checkout.

Verifone can act as your MoR, or simply take payments. It allows them to support small to medium-sized firms in various fields (e.g. retail, retail, and hospitality) providing both in-person as well as products or services that are available online.

Verifone features are:

• Integrated POS.
• Kiosks.
• Processing of payments using cryptographic technology.
• Device diagnostics.
• Hosted checkout.
• Plus.

Billing Software for Selling Physical Goods and Services

Even though SaaS businesses can utilize almost any billing solution to market their products (although certain solutions will be more efficient than other solutions) but not all options is suitable for businesses offering physical goods or services. Businesses selling physical products and services need solutions to manage their online and offline sales.

If you are selling physical products or services, most companies end up using several different programs in order to create a complete bill solution. But, there are methods to minimize how many different applications you will require, and also how your expenses will be. One of the best places to begin is to think about your current needs (e.g. do you plan on selling in-person and online?) and plan for your future needs (e.g., will you want to start selling online at some point in the near coming years? ).

You can then evaluate each billing solution with a couple of key questions:

• How many aspects of billing does the software cover? Are the features offered by each one of them sufficient for the current requirements (e.g., maybe they have a subscription bill solution, but don't offer the type of billing you want)? Does the feature set leave enough room for your company to grow?
• Will you get all features for one price or will you have to pay extra for the features you need? Is the cost sustainable over the long term, as your business grows?
• How simple will it be to integrate the software with other programs?
• Does the program's user-friendliness match with your own?

Next, we cover five Stripe rivals for businesses selling physical goods and services to assist you in your search.

Square: Popular Payment Platform for Startups

Square is a very popular point-of sale solution for companies of all dimensions. With Square you are able to take payment from your store online, in-person, or via social media. Beyond processing transactions for payments, Square also offers solutions for:

• Virtual terminals (so you are able to accept payment by credit card on your PC).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant accounts, savings accounts, and loans).
• Staff management (including payroll, time off, etc. ).
• Plus.

PayPal for Business: Available on Major eCommerce Platforms

PayPal is an e-wallet that has gained a lot of recognition to pay online for private transactions but they also offer business-specific payment options to businesses in all sizes. PayPal allows debit card and credit card processing both in store or from your online business.

(SaaS businesses that use it can process payments using PayPal.)

PayPal for Business also includes:

• Business financing.
• Donation tools.
• Integrates with the most popular ecommerce shopping carts (e.g., Shopify).
• Refund and chargeback consulting.
• A mobile app.
• Mass payments.
• And more.

Note: PayPal also has the only payment processor that is specifically designed for SaaS called Braintree.

Authorize.net: For Merchants and Small Businesses

Authorize.net (a Visa solution) is a payment services company that accepts mobile payments, phone payments and ACH. The company also offers a credit card reader to make payments in-person and support online purchases.

Other options that are offered by Authorize.net are:

• Live, 24/7 customer service.
• The features for customer management will improve the user experience.
• Invoicing via digital.
• Recurring payment tool.
• Advanced Fraud Detection Suite (AFDS).
• And more.

Adyen Robust Financial Technology Platform

Adyen is a financial technology platform that is focused on scalable growth. Alongside payments processing, Adyen offers features such as:

• Physical and virtual card creation.
• Techniques to improve traffic efficiency in real-time.
• Advanced fraud algorithm.
• Cross-channel sales support.
• Corporate bank accounts are for your users.
• Plus.

Amazon Pay: Payment Service as well as Order Fulfillment

Amazon Pay let your customers make use of the information about their payment already saved within their Amazon account that you have on your site. Amazon Pay can be used to pay for transactions and is not a requirement to become an Amazon merchant. You can however make use of Amazon Pay on your own website , you can also become your own Amazon merchant (which allows you to opt for fulfillment by Amazon).

Amazon Pay is a part of:

• Improved checkouts that are modeled on Amazon's own checkout.
• Co-marketing campaigns.
• Self-service reporting dashboard.
• Simple integration tools.
• Plus.

NOTE:With , your customers may pay via Amazon Pay and many other payment methods.