Hello Magento Folks?,
As always I am with an interesting topic to discuss with you all. Which is the Best Magento Payment Gateway PayPal Vs Stripe? Let’s get Started?
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Basically, when it comes to running an E-commerce store then payment gateway is one of the most mandatory things. There is a lot of impact in business when it comes to using types of payment gateway that accepts payments. Consumers will never risk getting less secure or an inconvenient payment gateway for doing payment. As we all know Magento is one of the most popular E-commerce platforms that offers many features. Magento provides many different types of payment gateways that are used to pay on your store during the checkout process. There are many mandatory things that you have to take care of during the selection of payment gateway. One should always prefer the payment gateway that helps your customers to pay smoothly without any difficulties. Hence, in this blog, I will help you in selecting the Best Payment Gateway for Magento.
Stripe is a US-based online payment gateway used to send & receive money that is used by all the E-commerce stores. Stripe is used in 25+ countries. It is very popular for all the in-house programmers as they can customize accordingly. Supports all types of credit cards.
PayPal is a very popular online payment gateway used to send and accept payments. PayPal is used in 203+ countries. It supports almost all types of credit cards. It has more than 267 million customer accounts and used by more than 21 million merchants.
Service | PayPal | Stripe |
Transaction fees [1] | 2.9% + 30¢ | 2.9% + 30¢ |
Charge cards from your website | $30 / month [2] | Free |
Chargeback | $20 | $15 |
American Express | 3.5% [3] | Same flat rate |
Micropayments (less than $10) | 5% + .05¢ | Same flat rate |
Refund | Fixed fee only returned [4] | Fees not returned |
International cards | 1% [5] | Free [6] |
Authorize card | 30¢ [7] | Free |
Recurring Billing | $10 / month | Free |
Advanced Fraud Protection | $10 / month [8] | Free [9] |
Accept Apple Pay © | Not available | Free |
*Note: Both the payment gateways pricing structure may vary based on different countries.
Both the payment gateways offer the best features you can choose any of the payment gateways from PayPal and Stripe. The selection of the payment gateway from this both totally depends on your business specifications. Hopefully, all are cleared in the confusion of selecting payment gateway for the Magento store. In case any difficulties in payment gateway configuration then checkout Magento 2 Payment Gateway Integration Service. If any more questions comment down in the comment section below I will help there. Make yourself helpful by sharing the article with your E-commerce business friends. Till then Stay Safe and Stay Healthy.
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