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

The majority of Stripe options fall in one of two types: (1) payment processors, or (2) the billing service that covers payment processing and additional aspects of billing such as payment fraud, checkout and many more.

When selling physical goods and services (online or in person), various Stripe options designed for physical product transactions (like Amazon pay, Square and more.) are able to provide delivery of orders, payment processing as well as financing options and more. (It's worth noting that a majority options can be used by SaaS businesses, but none of them are a complete payment solution.)

In this article in this guide, we review eight of the best Stripe alternatives in the categories we've listed above. Since our expertise is in the provision of MoR service to SaaS firms, we'll start by providing a thorough review of our solution .

 Table of Contents

•      MoRs for SaaS Companies
• : International Payment Solution for SaaS
• Paddle Payment Infrastructure Platform
• Verifone: Formerly 2checkout
•      Billing Software to Sell Physical Goods and Services
• Square: A well-known payment platform for startups
• PayPal for Businesses: Made available across the top eCommerce Platforms
• Authorize.net: For Merchants and Small Businesses
• Adyen: Robust FinTech Platform
• Amazon: Payment Service and Order Fulfillment

All-in-one Payroll Solutions designed for SaaS Companies (MoRs)

Many companies using Stripe (or an equivalent to Stripe) know that Stripe does much more than simply processing payments however there are a few obstacles to making the system perform for you. There are a lot of extra fees and add-ons while some features are limited.

As an example, Stripe advertises subscription management capabilities, however, lots of organizations end up connecting with an alternative service such as Chargebee or Recurly to get the subscription management tools they need.

In the majority of cases, SaaS companies end up with a stack of payment technology of over a dozen tools to:

• International tax calculations.
• Further subscription management tools.
• Fraud protection.
• Handling chargebacks.
• Checkout.
• Higher authorization rates are available in other nations.
• and more.

Making it all work together is a major pressure on the development team.

Finally, you'll need to have a vast group of legal and tax experts to maintain global compliance (because services such as Stripe don't help with any legalities). Although it's true that previously, SaaS and ecommerce companies didn't always have to pay sales or VAT tax, that's no longer an issue. If you don't make sure you pay the proper amount of taxes in every region you sell to, you could face hefty fines or get banned from selling within that area at some point in the future.

Selecting a solution for billing which also functions as an MoR can solve these problems.

MoR MoR handles the entire SaaS payment process for you, including collecting and remitting local and international taxes (such as VAT or local sales taxes) and ensuring compliance with local laws and regulations, payments handling, chargebacks and more.

: International Payment Solution for SaaS

is acting as an MoR to global software firms for more than twenty years. Therefore, we have the experience to grow globally in a matter of hours. Here are some examples of how we have helped other SaaS companies grow globally and boost revenue

Leverage Multiple Payment Processors to Increase Revenue

A majority of SaaS firms and founder teams believe that they only need one payment processor to accept payments. But, the majority of SaaS enterprises eventually will end up having to purchase more processors in order to:

• Accept more payment methods: Customers are more likely to purchase when they are able to use the payment method they prefer. However, not every processor accepts the same payment options. Utilizing multiple processors allows you to accept more payment methods andthus, boost revenue.
• Enhance authorization rates in international transactions Credit card network are more likely to accept transactions if the processor is a legal entity located in the same place. Certain payment processors establish a legal entity in multiple sites, however, the majority of companies still need to work with several payment processors to be able to process all payments locally.
• Accept payments from several nations:Some payment processors only support payments from select nations or regions. Working with multiple payment processors allows you to reach your customers from a wider range of locations.

Utilizing multiple processors for payments could also resolve the issue of connectivity, or even system problems. If one processor is experiencing a network failure, you can reroute the payment to another processor that is fully functional.

With , you'll get supported by multiple payment processors that specialize in global payments and will accept the most popular payments methods across the globe which include PayPal and Amazon Pay.

Depending on the location of the buyer, automatically directs the transaction to the payment processor with the highest authorization rates in that area. Then, if a transaction fails, we automatically try again with a secondary processor.

NOTE: You also have the option to block transactions in certain regions, or restrict products within each region.

Stop fraudulent transactions without blocking legitimate transactions

An effective fraud defense system will help you increase authorization rates, decrease chargebacks, and safeguard your company from attack. If legitimate transactions get marked as fraud, you'll have to lose revenues.

partners in partnership with Sift for sophisticated security and risk analysis. Sift uses machine learning as well as AI to study millions of transactions across the globe each month to identify high-risk transactions more accurately. This means your fraud protection is constantly evolving to provide better security and improve your approval rate.

It is also possible to stop transactions in jurisdictions and countries where firms aren't currently allowed to do business.

 In the event that one of your customers request a chargeback or there's a concern regarding fraud, take the initiative to solve it on your behalf.

Stay clear of costly fines and penalties by letting the local Legal Compliance for You

However, even if all legitimate transactions take place, you might receive hefty penalties or be prevented from transacting within the region in case transactions do not comply with local laws and regulations. For instance there is a law that states the Reserve Bank of India limits automated recurring payments up to 15,000 INR.

The majority of companies require a complete compliance department made up of legal experts to keep up to date with the latest laws and regulations of each location they conduct business.

It is possible to be penalized or subject to penalties if do not file a consumption tax. SaaS businesses didn't have to be required to file tax returns, however tax regulations for digital sales are changing and being increasingly applied.

Businesses that utilize Stripe (or other point solutions) are required to manage taxes independently. While Stripe helps collect taxes on sales, they'll need another software program to collect GST, VAT and various other forms that collect consumption taxes. Additionally, you'll require an expert tax team who will pay tax at the end of every tax season.

 takes away these burdens by:

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

is fully compliant with the EU General Data Protection Regulation (GDPR) as well as the California Consumer Privacy Act (CCPA). Additionally, we renew our level 1 certification that is the highest level possible -- by certifying to the Payment Card Industry Data Security Standard (PCI DSS) every year.

All of the Checkouts to Subscriptions in one platform

Instead of needing to build a payment stack of over dozen solutions that assist you in managing subscriptions, customer checkouts, reporting analytics, reports, and many more. Companies can control all aspects of SaaS billing via their web-based control panel.

 Custom, Localized Checkout

Gives you complete control of the checkout process using the Store Builder Library. You can customize any aspect of your checkout process and our staff will offer personalized support along every step of the way. We also provide pre-built checkout user-friendly experiences. By using only a few lines of code, you can embed checkout on a website or create the checkout pop-up. If you wish to outsource the entire checkout process, you can opt for a storefront that is online where your customers will be taken to a web-based storefront to make their purchase. You can customize the storefront to reflect the branding of your site.

Whatever checkout option you pick, lets you translate checkout in local languages as well as convert prices to local currencies.

 Subscription Management

It lets you build a variety of customized recurring and trial designs without programming. Additionally, you can use's Webhooks API as well as webhooks libraries to create more complex subscription logic and integrations.

 Dunning Management

manages all payments that fail and customers' notifications on failed payments for youjust select the way you want it handled and we'll take care of all the rest. A few options you have are to:

• Send proactive messages to your customers (e.g., 'your credit card expires soon').
• Send multiple follow-up notification (e.g., two five, seven 14, and twenty-one days after the payment method fails).
• Continue (or pause) the service until the last notification is sent.
• Pause (or end) the service after all notification notifications have been sent out and the card continues to be declined.

Your customers can also access an easy self-service portal through which they can edit their account information and manage their subscription plan.

 Analytics and Reporting

Many SaaS firms using Stripe are able to add an analytics and reporting tool that gives them insights into statistics like MRR, churn percentage as well as new customers according to the type of product or location as well as other.

, on the other hand, has a robust report and analytics tool that is built into your dashboard where you can view important performance indicators (KPI) for both your customer base as well as your subscription model. It is possible to view your reports and know:

• The impact each product has on the bottom line of your business.
• Which coupons and promotions are working.
• Which subscription models generate the most revenue.
• The location of your clients.
• Plus there's more.

Each report is customizable and stored for quick access later on. You can also save and share your reports as CSV, PNG or an XLSX spreadsheet.

Flat-Rate Fee with No Hidden Costs

Many payment processors (like Stripe) typically charge fees for processing, which are usually low. however, they'll charge extra for services like billing management, extra payment method support, and tax collection. Additionally, you'll need to pay for any additional software required for a comprehensive bill-paying solution, as well as the personnel for managing the entire process. In the majority of cases, it's an expense.

In contrast, manages your complete SaaS bill process with a single flat rate transaction fee. No add-on fees. No transition fees. No charges until a transaction is completed.

Paddle: Payment Infrastructure Platform

Paddle serves as a MoR for SaaS firms that are focused on B2C transactions. It has the capacity to deliver one-product transactions. Paddle has features such as:

• Secure checkout.
• Management of recurring billing.
• A powerful payment toolkit.
• Fraud protection.
• Reporting on subscriptions and transactions. (With the recent acquisition of ProfitWell and ProfitWell, they plan to deliver SaaS reporting integrations in the coming years.)
• Invoicing. (This function is in the beta stage, which means it may not be the best option for companies that sell to B2B.)
• And more.

Verifone: Formerly 2checkout

Verifone acts as your MoR and take the payment. It allows them to help small and medium companies in different industries (e.g. retail, retail, and hospitality) offering both in-person and products or services that are available online.

Verifone functionalities comprise:

• Integrated POS.
• Kiosks.
• Crypto payment processing.
• Device diagnostics.
• Hosted checkout.
• And more.

Billing Software for Selling Physical Goods and Services

While SaaS businesses can utilize almost any billing solution for selling their product (although some will be more efficient than other solutions) but not all options is suitable for businesses selling physical goods or services. Businesses selling physical products and services will require solutions to manage their both online as well as physical sales.

When selling physical goods or services, the majority of businesses end up using several different programs to build a complete billing solution. There are, however, ways to minimize how many different programs you require and the your expenses will be. One of the best places to begin is to carefully consider your present needs (e.g. Are you selling in-person and online?) as well as plan your requirements in the future (e.g. do you want to start selling online at some point in the near coming years? ).

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

• What elements of billing does the program covers? Is each offering truly sufficient for your current needs (e.g., maybe they have a subscription bill solution, but don't support the model you need)? Does the feature set leave enough the possibility for your business to expand?
• Will you get all functions for one price or do you need be charged extra for options you need? Will the price be sustainable long-term, as your company grows?
• How simple will it be to connect the program with different software?
• Are the programs user-friendly?

Next, we cover five Stripe competitions that sell tangible goods and services. help you get started with your research.

Square: Popular Payment Platform for Startups

Square is a popular point-of-sale solution that is suitable for businesses of all sizes. With Square it is possible to accept the payment through your website as well as in person, and via social media. In addition to processing payments, Square also offers solutions for:

• Virtual terminals (so that you can take credit card payments using your PC).
• Marketing.
• Organizing customer contacts.
• Banking (including merchant account, savings accounts as well as loans).
• Staff management (including pay, time off management, time off. ).
• Plus.

PayPal for Business is available on the most popular eCommerce Platforms

PayPal is one of the most well-known ewallets for personal online payments However, they also provide payment options for businesses in all sizes. PayPal supports debit card and credit card processing both in store and online.

(SaaS businesses that use it can take payments via PayPal.)

PayPal for Business also includes:

• Business financing.
• Tools for donation.
• Integrations built-in to major e-commerce stores (e.g., Shopify).
• Chargeback and refund consulting services.
• A mobile app.
• Mass pay outs.
• Plus.

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

Authorize.net The Authorize.net website is for Merchants and Small Businesses

Authorize.net (a Visa solution) is a service for payment company that accepts phones, mobile payments, and ACH. Additionally, they offer a card reader to make payments in-person and support online purchases.

Other options that are offered by Authorize.net are:

• Live customer support 24/7.
• The features for customer management will improve the user experience.
• Digital invoicing.
• Recurring Payment Tool.
• Advanced fraud detection suite (AFDS).
• and more.

Adyen: Robust Financial Technology Platform

Adyen is a finance technology platform that is focused on growth that is scalable. Apart from 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.
• Business bank accounts for your clients.
• and more.

Amazon Pay: A Payment Service and Order Fulfillment

Amazon Pay lets your customers use the information about their payment already saved in the Amazon account to access your site. Amazon Pay can be used to pay for transactions without becoming an Amazon merchant. You can however utilize Amazon Pay on your own site and then turn into your own Amazon merchant (which allows you to opt for fulfillment by Amazon).

Amazon Pay includes:

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

Notice:With , your customers are able to pay with Amazon Pay and many other methods of payment.