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

The majority of Stripe options fall in one of two types: (1) payment processors as well as (2) a billing solution that covers payment processing as well as other aspects of billing such as the detection of fraud, checkout and much more.

when selling physical products or services (online or in person), various Stripe alternatives built for physical goods payments (like Amazon pay, Square, etc.) offer the ability to process payments, fulfill orders with financing, order fulfillment, and much more. (It's worth noting that most of these solutions can also be utilized by SaaS firms, but none of them are a complete payment solution.)

In this review in this guide, we review the top eight Stripe alternatives for every one of these categories. Our expertise lies in offering MoR solutions to SaaS firms, we'll start with an in-depth review 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: The most popular payment system for startups
• PayPal to Business Made available across the top 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 designed for SaaS Companies (MoRs)

Many companies using Stripe (or an equivalent to Stripe) are aware that Stripe offers more than just payment processing but that there are challenges that need to be overcome in order for the system to function for your needs. There are a lot of add-ons and additional fees, and some of the options are not as extensive.

For example, Stripe advertises subscription management features, however, many companies end up integrating with an alternative service such as Chargebee or Recurly for the features for managing subscriptions they want.

Most of the time, SaaS companies end up with a stack of payment technology comprising more than a dozen applications to:

• Calculating international taxes.
• More subscription management features.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Getting higher authorization rates for other nations.
• Plus.

The coordination of all the elements puts a massive pressure on the development team.

Finally, you'll need to keep a staff of legal and tax experts in order to ensure compliance across the globe (because products like Stripe do not help in any laws). It's true that in the past, SaaS and ecommerce companies did not always need to pay VAT or sales tax, this is no longer the situation. If you don't gather and remit the right amount of tax for each location you sell your products in it could result in severe penalties or even be barred from selling products in the region in the future.

Choosing a billing solution which acts as your MoR will solve all the issues.

A MoR takes care of all SaaS billing process for you, including collecting and remitting local and international taxes (such as VAT and local sales tax), staying compliant with local laws and regulations, payment handling, chargebacks and many more.

: International Payment Solution for SaaS

has been acting as a MoR to global software companies for nearly twenty years. Therefore, we are aware of the steps needed to grow globally in a matter of hours. Here are some examples of how helped others SaaS companies expand globally and increase revenue:

Make use of multiple payment processors to boost revenue

Many SaaS firms and founder teams believe that they only require one processor for payments to accept payments. In reality, many SaaS enterprises eventually will end up needing more in order to:

• Accept additional payment methods: Customers are more likely to make a purchase when they are able to use the payment method they prefer. There are a few exceptions to this rule. Not all payment processors support the same list of payment options. Working with multiple payment processors lets you use more payment methods which, in turn, increases the amount of revenue you earn.
• Enhance authorization rates for international transactions Credit card networks are more likely authorize transactions when the payment processor has a legal entity located in the same place. Certain processors set up an legal entity with multiple locations, however, most firms still have to collaborate with multiple processors in order to process every payment locally.
• Accept payments from several nations:Some payment processors only allow payments from certain nations or regions. Utilizing multiple payment processors lets you reach customers in more locations.

Working with several payment processors will also help solve connectivity issues or system failures. If one payment processor has a problem with its network it is possible to redirect your transaction to a different payment processor that is fully functional.

With , you'll be assisted by multiple payment processors, which specialize in global transaction and accept the most commonly used payments methods across the globe that include PayPal and Amazon Pay.

Based on the region of the buyer, the system automatically transfers the transaction to the payment processor with the highest rates of authorization within the region. In the event that a transaction fails, we automatically retry the transaction using an alternative processor.

Note: You also have the option of preventing transactions in certain regions, or limit products in every region.

Stop fraudulent transactions without blocking legitimate transactions

A good fraud prevention system can help you increase authorization rates reduce chargebacks and protect your company from attacks. But, in the event that legitimate transactions get marked as fraud, you'll lose revenues.

collaborates together with Sift for advanced risk analysis and protection against fraud. Sift uses machine learning as well as AI to study millions of global transactions each month to identify more risky transactions and provide greater accuracy. That means your fraud prevention evolves constantly to give you more security and increase your approval rate.

can also block transactions in jurisdictions and countries where firms aren't currently allowed to conduct business.

 When one of your customers does start a chargeback, or there's an issue regarding fraud, take charge to fix the issue for you.

Stay clear of costly fines and penalties By letting local legal Compliance to Your Benefit

If all transactions are legitimate and take place, you might pay hefty fines or even being barred from doing business in that region if the transactions do not comply to local laws and regulations. In the case of instance, it is the case that the Reserve Bank of India limits the automatic recurring payment to Rs15,000 INR.

The majority of companies require a complete compliance team of lawyers in order to stay up-to-date with all the laws and regulations of each area they operate in.

You can also be fined or face penalties if you don't file consumption tax. SaaS businesses didn't have to be required to file tax returns, however tax regulations for digital sales are evolving and becoming more applied.

Companies that use Stripe (or another point solution) have to handle tax on their own. Even though Stripe helps collect sales tax, you'll require other software to collect GST, VAT, and various other forms that collect consumption taxes. Plus, you'll need an expert tax team to remit the tax at the end of each tax period.

 lets you free yourself from these burdens by:

•   The collection of all taxes on consumption (including GST, VAT, SST, etc.).) and remitting it at the appropriate time for you.
•   The company is leading the charge on legal conformity (including audits).  

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

All of the Checkouts to Subscriptions in One Platform

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

 Customized, Localized Checkout

gives you full control over the checkout process using the Store Builder Library. You are able to modify any part of the checkout process, and our team provides personalized assistance along every step of the way. We also offer pre-built user-friendly experiences. Utilizing only minimal code, you are able to embed checkouts into your website, or even an open-ended checkout. If you wish to outsource your entire checkout process, select the storefront on the internet that will have your visitors taken to a web-based storefront to make their purchase. It is possible to customize the storefront to reflect the branding of your site.

The checkout you select, lets you translate your checkout to local languages, and convert prices to local currencies.

 Subscription Management

lets you create a variety of custom trial and recurring billing designs without programming. Additionally, you can use's API , webhooks and API library to build sophisticated subscription logic and integrations.

 Dunning Management

manages all payments that fail and customers' notifications on failed payments for you- simply choose how you'd like to handle it and we'll handle everything else. There are a few choices you can choose from are:

• It is important to send proactive messages to your customers (e.g., 'your credit card will soon expire').
• Send Multiple follow-up notifications (e.g., two, five, seven, fourteen, and twenty-one days after their payment method fails).
• Continue (or stop) the service up to the point that the last notice was sent.
• Stop (or end) the service after all the notifications have gone out, and the transaction remains deferred.

Your customers will also have access to an easy self-service portal through which they can change their payment details as well as manage their subscription.

 Analytics and Reporting

A lot of SaaS companies employing Stripe are able to add an analytics and reporting tool that gives them insights into stats like MRR, churn percentage, new customers by geographical region or type of product as well as other.

, on the other hand is a powerful report and analytics tool that is built within your dashboard. You can view key performance indicators (KPI) for your customer base as well as subscription models. It is possible to view your reports and be able to understand:

• How each product contributes to the bottom line of your business.
• Which coupons and promotions work.
• Which subscription models generate the most revenue.
• The location of your clients.
• and many more.

Each report is customizable and saved for easy access in the future. Additionally, you can share and export reports in an image, CSV, or XLSX spreadsheet.

Flat-Rate Fee, No Hidden Costs

The majority of processing companies (like Stripe) typically charge a low processing fee, but they'll also charge for services like subscription management, additional assistance with payment methods, as well as tax collection. In addition, you'll be required to pay for any additional software needed for a complete billing solution and the staff to oversee the whole procedure. For most companies, it's an expensive route to take.

On the other hand, manages your whole SaaS bill process with a single flat rate transaction cost. No add-on fees. No transition fees. There are no charges until the transaction occurs.

Paddle: Payment Infrastructure Platform

Paddle acts as an MoR to SaaS businesses that focus in B2C transactions. It has the capacity to provide single-product transactions. Paddle offers features like:

• Secure check-out.
• Recurring billing management.
• A powerful payment toolkit.
• Fraud protection.
• Subscription and transaction reporting. (With their recent acquisition ProfitWell, they look at delivering SaaS reporting integrations in the coming years.)
• Invoicing. (This function is in beta, so it may not be the best solution for businesses that deal with B2B.)
• Plus.

Verifone: Formerly 2checkout

Verifone will act as your MoR or just process payments. This gives them the flexibility for supporting small- to medium-sized firms in various industries (e.g. retail, retail and hospitality) that offer both in-person and online goods or services.

Verifone features include:

• Integrated POS.
• Kiosks.
• Payment processing using cryptocurrency.
• Device diagnostics.
• Hosted checkout.
• Plus.

Billing Software for Selling Physical Goods and Services

Although SaaS firms can make use of virtually any bill-payer to market their products (although some are more efficient than others) however, not all solutions can be used by companies that sell physical products or services. Businesses selling physical products and services need solutions that can manage the online as well as physical sales.

If you are selling physical products or services, most firms are forced to use two or more different software to build a complete billing solution. There are, however, ways to reduce the number of software you need and how your expenses will be. One of the best places to begin is to take a close look at your current needs (e.g. do you plan on selling offline or in person?) and plan for your requirements in the future (e.g. do you like to sell online in the coming years? ).

Then, you can examine each option by asking a few key questions:

• What aspects of billing does the software cover? Are the features offered by each one of them sufficient for your current needs (e.g. perhaps they provide a subscription-based service but do not provide the billing model you require)? Do the features leave space for your business to expand?
• Do you receive all the options for one price, or will you have spend extra money for specific features you require? Will the price be sustainable long-term, as your company grows?
• How simple will it be to integrate the software with different software?
• Is the software user-friendly?

Next, we cover five Stripe competitions that sell physical goods and services to aid you with your search.

Square: Popular Payment Platform for Startups

Square is a popular point-of-sale option for all companies dimensions. With Square, you can accept payments from your online store either in-person or through social media. Beyond payment processing, Square also offers solutions to:

• Virtual terminals (so you can accept credit card payments using your computer).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant account, savings accounts and loan).
• Management of staff (including pay, time off and more. ).
• and more.

PayPal for Business is available on the most popular eCommerce Platforms

PayPal is an e-wallet that has gained a lot of recognition that allows personal payments online However, PayPal also offers business-specific payment options to businesses in all sizes. PayPal supports debit card and credit card processing in-store as well as from the website of your business.

(SaaS companies that utilize it also take payments via PayPal.)

PayPal for Business also includes:

• Business financing.
• Donation tools.
• Built-in integrations with major ecommerce stores (e.g., Shopify).
• Chargeback and refund consulting services.
• A mobile app.
• Mass payments.
• and more.

Note: PayPal also has a payment processor specifically for SaaS called Braintree.

Authorize.net: For Merchants and Small Businesses

Authorize.net (a Visa solution) is a payment service provider that supports mobile payments, phone payments as well as ACH. Additionally, they offer a card reader to make payments in-person and also support online transactions.

Other options offered by Authorize.net include:

• 24/7, live customer support.
• Features for managing customers to increase ease of use.
• Digital invoicing.
• 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. In addition to payment processing, Adyen offers features such as:

• Creation of physical and virtual cards.
• The tools to optimize traffic are available in real-time.
• Advanced fraud algorithms.
• Cross-channel sales support.
• Corporate bank accounts are for your users.
• and more.

Amazon Pay: Payment Service and Order Fulfillment

Amazon Pay allows your customers to use the information about their payment already saved within the 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. Although you can easily utilize Amazon Pay on your own site and then turn into an Amazon merchant (which gives you the option to have your fulfillment handled 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.
• Tools for easy integration.
• Plus.

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