Stripe or Paypal who would you prefer
The battle has been raging, The oppositions are in the ring, who would be the king of the ring? Both Paypal and stripe have reputation of being reliable.Let’s do a review of Stripe against PayPal. We’ll compare each payment processor in many key categories. As declaring a winner for each category won’t be a good idea so we’ll point out some of the important differences, which should help you make a more educated decision.
Stripe takes a less complicated approach than Paypal. They charge you at rate of 2.9% plus 30 cents per charge as long as you’re doing under $1 million per year. This rate varies country to country, but it’s always constant. They don’t disclose any special high volume rates.
The base fee for PayPal is the same as Stripe, 2.9% plus 30 cents. But, they offer discounts as volume goes up. The discounts starts at $3,000 (2.5% plus 30 cents), $10,000 (2.2% plus 30 cents), and $100,000 (not published) per month. This looks like a better deal, but PayPal throws in some extra service fees that make things a bit more complicated.
You’ll notice that fees structure are not so simple as stripe and require plenty of explaining. For instance, they only charge more for American Express when you are on one of the paid plans, which seems illogical. So, how do the transaction fees compare in actual world scenario? Remember, if you want to charge cards on your site using PayPal and not provide PayPal as an option, you’ll need a Pro plan by the company.
Back when PayPal was the only service provider, email support was very slow and unreliable, and it was virtually impossible to get someone on the phone. At one point, joke running because PayPal customer service kept disconnecting calls before we could ever talk to anyone. This went on for months. There are also countless horror stories of PayPal freezing funds for no reason.