PayPal vs Stripe Billing: What are the differences?
What is PayPal? Send Money, Pay Online or Set Up a Merchant Account. PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser..
What is Stripe Billing? A set of tools for billing and subscriptions. A set of billing and subscription tools for developers and business people. Developers can use out-of-the-box functionality to get started quickly or use the composable API building blocks to design fully customized subscription logic and pricing models. Business people can create and manage subscriptions and invoices—and view detailed financial reports.
PayPal and Stripe Billing belong to "Payment Services" category of the tech stack.
Some of the features offered by PayPal are:
- 2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.
- Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.
- Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.
On the other hand, Stripe Billing provides the following key features:
- Accept Orders - From the dashboard, Stripe.js and Elements, Billing API & Mobile SDKs
- Billing & Invoicing - One-off billing, recurring billing, flexible billing, invoice delivery, hosted invoice pages, and sales tax integrations
- Collect Payments - Credit cards, ACH and wire, local payments, retry logic, card updater, payment reminders
Uber Technologies, Lyft, and ebay are some of the popular companies that use PayPal, whereas Stripe Billing is used by Nextdoor, eero, and Unleak. PayPal has a broader approval, being mentioned in 735 company stacks & 571 developers stacks; compared to Stripe Billing, which is listed in 14 company stacks and 7 developer stacks.
What is PayPal?
What is Stripe Billing?
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Paypal comes with tons of old APIs, and new ones that are incomplete. There are bugs in the documentation, bug with their implementation. And their support department is completely clueless.
Frankly it is only good if you use its light mode: a direct payment with no recurring fees. So forget about it if you want to put in place things like Subscription mode, their are better players out there to do that.
PayPal is used as one of our payment-gateways included in our shop-solution. We only use PayPal for direct debits/charges from bank-accounts as we got Stripe for credit-card transactions.
Recognized by millions of customers as the most secure and reliable platform, we giving options to the customer on how they will subscribe.
Donations are processed through PayPal, mostly. So it's a pretty indespensable tool, as it's our main source of income.
We are using Braintree that is PayPal company for our payments on our website. No more redirects to PayPal :-)