What’s Best for Processing Credit Cards?

When it comes to payment processing, PayPal and Stripe are two of the most popular Credit Card Processing options on the market. Both offer easy setup and are designed to make it easier for businesses to accept payments online. The main difference between them is the ease of use, support, and accessibility. 

Fees

PayPal charges a 2.9% fee, plus a flat fee of 30 cents per transaction, while Stripe charges 2.9% plus 30 cents and a 1.4% fee for international transactions. Both services also offer additional features, such as fraud protection and invoicing, that may be useful for some businesses. 

Ease of Use and Accessibility

We’re big fans of keeping it easy. While it’s easy for us to sit here and say ‘don’t accept credit cards’ the reality of business is that we must have flexibility. Stripe keeps it easy with integrations to Xero, Ecommerce sites, and being able to pull funds out to your account. 

If you’re doing multi-currency billing, Stripe also keeps it easy and lets you have your payouts to different banks if needed. We have several clients who hook up their Wise USD accounts and then play the currency exchange game later versus letting PayPal handle it. 

Support

We’re not saying that Stripe’s support is better, but we’re just saying that we’ve never had to use their support. PayPal’s support is rather robotic. So, you can make your choice there.

Now, if you’re asking us, we definitely suggest Stripe over PayPal. Why? It’s quite simple - It’s easier to use. We often hear that PayPal is ‘so frustrating!’ or ‘complicated’ so we often point our clients to Stripe. 

If you have questions about setting up credit card payment services, book a call with us.