How is Stripe Different From PayPal?
Stripe vs. PayPal – Which one Should I Prefer for My SME Business?
PayPal, offering a wide range of products ranging from mobile payments to financing services, has turned into a household name. It is globally known for its simplicity. Stripe lacks behind when it comes to the popularity. Let’s get into the PayPal vs. Stripe debate. Before we get inside, you should know that none of the online payment platforms are offering cheap services. Setting up Stripe is tricky until and unless you have not developed the knowledge of development or hired an in-house web developer. So, it is little costlier than PayPal. On the other hand, in PayPal, you will need to do copy and paste a few lines of code onto your website. It brings the BUY IT NOW button on your screen which allows you to start trading. Driven by a brilliant team, PayPal Customer Service tells us many more differences between these two web payment platforms. Let’s check out the differences of their transaction fees. Paypal Transaction Fees- It retains the fixed fee for refunds
- It doesn’t take any charge for failed transactions or refunds
- It takes 3.5% as American Express fee
- It has an international fee of 3.9% + fixed fee
- It doesn’t ask for any charges for major cards Inc. American Express
- It doesn’t ask for any transaction fee for international cards
- It accepts Apple Pay, Android Pay, Bitcoin
- It doesn’t give refunds for failed transactions