Both payment processors offer a flat-rate pricing model for specific types of payments. Stripe and PayPal provide clear, transparent pricing that is easy to understand and manage. PayPal and Stripe have spent many years developing quick, convenient ways for customers to pay for goods and services online. While both payment processors now offer in-person transactions, their bread and butter is eCommerce. There are many similarities between Stripe and PayPal:īoth Stripe and PayPal are services that focus on online businesses. PayPal vs Stripe: Side-by-Side Comparison Stripe While PayPal is still viewed primarily as an online invoice and payment platform, it acquired POS platform Zettle in 2018 for $2.2b to make its entrance into the in-person payments industry. It has been a major player in the payment sphere since its inception in 1998. PayPal is an online payment company that first made its reputation in the eWallet industry. In just over a decade, Stripe has become one of the most influential players in credit card payments. While the company’s primary focus is on digital retailers that need online payment solutions, it also offers in-person payment terminals for businesses that operate physical stores.

Stripe was founded by Irish brothers, Patrick and John Collison, in 2009. Below, let’s explore the core details of each of these companies: This wouldn’t be a Stripe vs PayPal comparison if we didn’t start by looking at both these payment service providers individually. So, which one is best for your enterprise? Let’s find out! Stripe vs PayPal: A Brief Overview While PayPal is more associated with eWallets and other online payment services, the company is now making ventures into in-person POS payments. PayPal is one of the founders of the modern digital payment landscape. Stripe is a relatively new payment platform that is now associated with some of the biggest eCommerce brands in the world, including Amazon. In this guide, we’ll explore two of the largest modern payment solutions, PayPal and Stripe. With so many options to choose from, it can be hard to decide which payment platform is most suitable for your needs. Fortunately, small business owners now have a large range of in-person and online payment processing companies fighting for their attention. Accepting credit card payments is essential for businesses looking to establish themselves further.

Paypal account overview