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On the micropayments side, PayPal is the clear victor, charging significantly less than Stripe per microtransaction. Now, with that out of the way, let’s finally dive into our comparison Stripe vs PayPal. Running just one or two payment gateways very much depends on the industry, what you’re selling, and the type of customers you have. Not everyone has a credit card and a lot of consumers and bloggers use PayPal balances to pay for everything. Sometimes having both payment gateways could be an advantage for your business. Not good or very tenable for a small business. If you have a custom back-end or other integrations, development around products or services you sell could turn this into a ridiculously complex task. With two payment gateways come twice as many vendors, twice as many things to go wrong, and you’ll likely lose out on volume-based discounts from the respective gateways.

#Paypal logo pics how to

(Side note: Interested in accepting donations on your website like UNICEF? Check out our guides for how to set up donation buttons for Stripe and PayPal.) Should You Use One Payment Gateway or Two?Īll of the above begs the obvious question: If you can use both payment gateways, why do you have to choose at all?īecause unless you’re as big as Under Armour, UNICEF, or are tech savvy and have extra time to spare, you’re asking for extra headaches. Stripe and PayPal donations (Image source: UNICEF) UNICEF, a nonprofit organization does this on their website. You can even use both payment gateways as a way to accept donations. EDD accept Stripe and PayPal ( Perfmatters) They do this using integrations with the Easy Digital Downloads ecommerce plugin. Perfmatters, a WordPress performance plugin is an example of a digitally downloadable product that accepts both payment gateways. Stripe and PayPal (Image source: Under Armour) Under Armour is an example of a store that utilizes both Stripe and PayPal. With that caveat out of the way, what are payment gateways used for? First and most obviously, ecommerce stores use payment gateways. However, their service is not usually considered a payment gateway, but rather an end-to-end payment processing system, and thus outside of the scope of this article. While it only takes 2% of the market share, they are growing fast. Note that in the above graphic, Square is also emerging as a strong competitor in the market. As of September 2018, Stripe is now v alued at $20 billion! 😮 Stripe vs PayPal market share (Image source: Datanyze) According to data from Datanyze, PayPal is used by 64% of the market. There are plenty of other payment gateways out there such as Authorize.Net, 2Checkout, Braintree (owned by Paypal), but Stripe and PayPal are by far two of the easiest ones to use.įor good reason, too: they have a longstanding stranglehold on the market. And if you decide to go the gateway route, you’re going to come across Stripe and Paypal again and again. In other words, in most scenarios, it can help take the PCI compliance off your hands. Payment gateways (Image source: Due)Ī payment gateway isn’t the only solution for accepting online payments, but it is one of the easier options to get started with.īecause unlike a payment processor, gateways give your financial data the armed guard it needs to travel between the credit card networks, your customer, and your store. Here’s a visual breakdown of where payment gateways fall into the web of ecommerce. See how Kinsta stacks up against the competition. A simple way to look at a payment gateway is as an envoy that routes information between merchants and banks. The intricacies of these relationships can get pretty convoluted.

Global Availability and Supported Currenciesīoth Stripe (founded 2011) and PayPal (founded 1998) are payment gateways, acting as the go-between for merchants and the appropriate credit card networks/financial institutions to authorize and accept payments.

Today, we’re going to compare and contrast these two payment gateways and get down to the bottom of the Stripe vs.

Offering comparable features, choosing between the two feels like picking between apples… and yet more apples. Which is where this article comes in. After you do your homework, there will be two pretty clear contenders for your merchant buck: Stripe and PayPal.