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Conekta vs Stripe: What are the differences?
Integration Ease: Conekta offers a seamless integration process specifically designed for businesses in Latin America, making it easier for companies in the region to set up their payment systems. On the other hand, Stripe provides a more global reach and supports a wide range of currencies, making it suitable for businesses looking to expand internationally.
Cost Structure: Conekta charges a flat fee per transaction, making it easier for businesses to predict their costs. In contrast, Stripe offers a tiered pricing structure based on monthly sales volume, which can be advantageous for businesses experiencing fluctuating sales.
Security Features: Stripe is known for its robust security measures, including PCI compliance and advanced fraud detection tools, providing businesses with enhanced protection against online threats. Conekta also offers security features but may not have the same level of sophistication as Stripe in this area.
Customer Support: Stripe provides 24/7 customer support to assist businesses with any issues or questions they may have, ensuring a smooth payment processing experience. In comparison, Conekta's customer support may have limited availability or response times, which could be a consideration for businesses seeking immediate assistance.
Subscription Management: Stripe offers advanced subscription management features, allowing businesses to easily set up and manage recurring payments for products or services. Conekta may have subscription management capabilities but may not offer the same level of flexibility and customization options as Stripe.
Developer Resources: Stripe provides extensive developer resources, including APIs, documentation, and libraries, making it easier for businesses to customize their payment solutions. Conekta also offers developer tools but may not have as comprehensive resources as Stripe, which could be a factor for businesses with specific customization requirements.
In Summary, Conekta and Stripe differ in integration ease, cost structure, security features, customer support, subscription management, and developer resources, catering to diverse business needs in the online payment processing sector.
We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.
We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.
With COVID-19 looming over us, businesses are, more than ever, looking for ways to set up online payments.
And having recently gone through implementing both Stripe and GoCardless to get monthly subscriptions set up and automated on my company website, I felt there was no better time to write this blog post!
If you're currently looking at working with a Payment Gateway provider API, or you're currently working with one but are not a fan, are looking to automate things a bit more, or are just generally thinking about changing, then you should have a read of my latest blog post where I compare Stripe and GoCardless.
I compare APIs in depth, specifically the subscription checkout flow that both offer (they're very similar, with some BIG differences).
There are plenty of code examples on how to set it up in a Node.js environment and right at the end, I rate each API based on the following factors:
- API ease of use
- API documentation
- Payment pages
- Costs / fees
- Security
- Developer appeal
- Customer experience
- Free Trial
So feel free to check it out, and I hope you like it. Please leave any feedback as it is very helpful. Thanks!
Stripe was made with developers in mind first so the extensibility of it is great! This makes it very easy for us to integrate and automate as much as we need with its APIs and SDK. It allows a lot of customization of exactly what we need to build our applications. They also manage all of our customers from a tax and accounting perspective which makes it easy from a business standpoint.
Pros of Conekta
Pros of Stripe
- Easy setup302
- Developer friendly292
- Well-designed api248
- Great documentation191
- Clear pricing169
- Secure75
- Reliable74
- Full integration with webhooks63
- Amazing api43
- Great customer support38
- Easy11
- Credit cards never hit your server - no pci worries6
- Recurring billing5
- No merchant account/gateway required4
- BitCoin3
- Easy to integrate3
- Support for SCA (Strong Customer Authentication)2
- Fast UI2
- Great app2
- Beautiful1
- Payments without own backend (using Stripe Products)1
- Connect1
- Checkout.js1
- Great UI1
- So easy to use1
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Cons of Conekta
Cons of Stripe
- Connect4
- CANNOT withdraw USD to a Canadian Bank Account2
- Does NOT have a currency conversion option like Paypal2
- They keep 25% of the income for 60 days2
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What is Conekta?
What is Stripe?
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