Both companies issue a chargeback fee-$20 for PayPal and $15 for Stripe. The fee for keyed transactions for PayPal is higher, starting at 3.49% plus 9 cents while Stripe’s fee does not change. Stripe’s fee for swipe and chip transactions starts at 2.9% plus 9 cents per transaction while PayPal’s is 2.29% plus 49 cents. WooCommerce, Magento, Wix, BigCommerce, GoDaddy, and moreĭrupal, PrestaShop, Magento, Shopware, WooCommerce, WordPress, and moreĪdditional 1.50% for all commercial transactions plus fixed fee based on currencyĪdditional 1% for international cards, additional 1% if currency conversion is required Stripe does not return original transaction fees Merchants can accept all major credit cards (including international), pay later options, payments in over 135 different currencies and moreĬustomers receive the full cost of service, but the merchant does not receive the transaction fee in return Merchants can accept all major credit cards, Venmo, pay later options and cryptocurrencies Stripe is better suited for companies that want flexibility and the ability to customize practically every process of the online payment experience. It offers an easy setup and does not require advanced technical knowledge. The main difference between PayPal and Stripe is that PayPal is better suited for small businesses that are just getting started. Neither company requires a contract and you can cancel anytime. It’s easy to set up an account and start accepting payments with both. PayPal and Stripe both offer similar services for merchants. While both companies specialize in online payment processing (over in-person transactions), PayPal is better suited for small or new businesses that are just getting started while Stripe is a better fit for larger companies, as it provides more options for payment customization. Both companies have similarities, but each platform is better suited for different business needs. PayPal and Stripe are two of the most popular and well-known payment processing platforms.
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