Bambora vs Stripe: What are the differences?

Introduction

Bambora and Stripe are both payment processing platforms that allow businesses to accept online payments. While they have similarities in their offerings, there are also key differences between the two. This article explores the major distinctions between Bambora and Stripe.

1. Pricing Structure: Bambora and Stripe have different pricing structures. Bambora charges users a monthly fee in addition to transaction fees, which can vary based on the payment method used. On the other hand, Stripe adopts a simpler pricing model with transparent transaction fees, without any monthly fees or setup costs.

2. Supported Payment Methods: Bambora and Stripe support different payment methods. Bambora provides a wide range of payment options, including credit cards, e-checks, and alternative payment methods like Apple Pay and PayPal. Conversely, Stripe focuses primarily on credit card payments, offering integrations with various card networks and digital wallets.

3. International Coverage: Bambora and Stripe differ in terms of international coverage. Bambora is available in fewer countries compared to Stripe, which has a more extensive global reach. Stripe operates in over 40 countries, allowing businesses to accept payments from customers worldwide, while Bambora's coverage is more limited.

4. Integration Options: Stripe offers more integration options than Bambora. Stripe provides robust APIs and developer tools, making it easier for businesses to integrate their payment processing into websites and applications seamlessly. Bambora also offers integration options, but Stripe's developer-friendly features and extensive documentation give it an advantage in this aspect.

5. Subscription Management: Stripe offers built-in subscription management features, while Bambora requires an additional subscription management platform or integration. With Stripe, businesses can easily create and manage recurring payment plans, handle subscriptions, and automate billing processes. Bambora lacks these built-in capabilities, requiring businesses to integrate with third-party tools for subscription management.

6. Built-in Fraud Protection: Stripe provides built-in fraud protection tools, such as advanced machine learning algorithms and customizable rules to detect and prevent fraudulent transactions. Bambora, while offering some fraud monitoring features, does not have the same level of built-in fraud protection as Stripe, potentially making it a less secure option for businesses.

In Summary, Bambora and Stripe differ in their pricing structure, supported payment methods, international coverage, integration options, subscription management capabilities, and built-in fraud protection.